B2PRIME has secured a Financial Services Provider licence in South Africa, enhancing its regulatory framework which now includes Cyprus, Mauritius, and Seychelles. The new licence allows local operations, improving efficiency for institutional clients. B2PRIME offers deep liquidity from Tier-1 providers and advanced connectivity solutions, supporting growth and compliance in emerging financial markets.
B2PRIME, a multi-asset liquidity provider, has announced it has obtained a Financial Services Provider (FSP) licence (No. 54191) from the South African Financial Sector Conduct Authority (FSCA) through its subsidiary, B2B Prime Services Africa (Pty) Ltd. This approval enhances B2PRIME’s regulatory framework, marking its fourth operating licence, in addition to those in Cyprus, Mauritius, and Seychelles.
The new licence allows B2B Prime Services Africa to provide a variety of regulated financial services to local businesses. This development fosters a more efficient framework for institutional and professional clients, eliminating dependency on overseas liquidity sources. Clients can leverage improved growth opportunities and risk management strategies with better execution quality.
B2PRIME clients will gain access to deep liquidity from Tier-1 providers, which includes over 235 instruments across various asset classes. These assets comprise Forex, Cryptocurrencies, Spot Indices, Precious Metals, Commodities, and NDFs, all managed through a singular margin account.
Enhanced connectivity solutions such as oneZero, PXM, Centroid, FXCubic, FIX API, and cTrader are also part of B2PRIME’s offering, ensuring optimal execution efficiency and seamless integration. The firm is committed to providing compliant liquidity and brokerage solutions in emerging markets.
Eugenia Mykulyak, Founder and Board Member of B2PRIME stated, “Seeing Africa’s increasing importance in global finance, B2PRIME Group’s move into South Africa shows our dedication to building strong local partnerships, making financial services more accessible, and promoting best practices.”
Mykulyak added, “Our goal is to support sustainable growth, uphold the highest regulatory standards, and continuously develop the market throughout the region, benefiting local brokers, hedge funds, money managers, institutional clients, and liquidity providers.”
B2PRIME operates as a multi-asset liquidity provider, expanding its regulatory framework to improve service offerings in various regions. The recent acquisition of a South African Financial Services Provider licence allows them to service local clients more effectively while ensuring compliant access to a wide array of financial instruments. This strategic move reflects a growing trend of financial service providers establishing a footprint in emerging markets, where demand for regulated and efficient financial solutions is increasing.
The acquisition of the FSCA licence by B2PRIME signifies a strategic enhancement of their operational footprint in Africa, complementing their existing licences in other regions. The new authorisation will enable B2B Prime Services Africa to offer localized financial services, providing clients with improved liquidity, risk management, and operational efficiency. B2PRIME’s commitment to regulatory compliance and market development underscores its role in facilitating access to global markets for African financial entities.
Original Source: fxnewsgroup.com
