PIM Prime Investments Ltd. a subsidiary of Leverate rerceived an official licence from CySEC, the regulatory body in Cyprus. Leverate provides software solutions for brokers.
The move continues the expansion of Leverate, which is partially owned by Saxo Bank. The firm recently opened datacenters in London.
For more details about this licence, the full press release is below:
Leverate’s PIM Prime Investments Ltd Obtains CySEC License
January 16, 2012 – Limassol, Cyprus
Leverate, the industry-leading technology provider of Forex broker solutions, announced today that their subsidiary, PIM Prime Investments Limited, has been granted an official CySEC license, in line with MIFID legislation, permitting them to offer regulated STP services to Leverate’s clients. PIM demonstrates Leverate’s significant commitment to upholding the strictest standards of the Forex industry by obtaining the CySEC license.
PIM will serve as a regulated prime broker for Leverate’s clients by connecting them to an aggregated liquidity pool of a dozen top-tier financial institutions. As one of the most highly regarded providers of Forex broker solutions in existence, Leverate have taken this step to ensure that clients experience the security and confidence of collaborating with a reliable and transparent prime broker. Regulated Forex brokers and institutional investment firms will easily benefit from the extremely competitive pricing of multiple liquidity providers with only one deposit to PIM’s highly secured margin account, and executing trades via Leverate’s robust Risk Management System and Liquidity Bridge.
The Leverate Risk Management System (RMS) is fully compatible with the Metatrader 4 (MT4) platform, and allows the broker to set multiple hedging or coverage strategies that reflect “A” Book (STP) and “B” Book (Market Maker) per trading group, eliminating the need for a dealing desk and allowing brokers to increase their trading volumes, maximize their profits, and minimize their risk. The RMS offers the most complete and powerful solution for risk management that cannot be matched by any existing MT4 bridges.
Eyal Wagner, Director of PIM, comments:
“Acquiring the CySEC license gives Leverate the additional credentials needed in order to provide regulated Forex brokers with the complete service needed to operate with the tightest spreads possible on Best Bid/Best Offer STP execution. We are looking forward to offering this invaluable service to clients through Leverate’s sophisticated Risk Management infrastructure.”
About PIM Prime Investments Ltd:
PIM is located in Limassol, Cyprus and will provide Forex brokers and institutional investment firms with superior liquidity via Leverate’s advanced Risk Management Server and Liquidity Bridge. With the world’s most prestigious liquidity providers connected to their infrastructure, Leverate will allow clients to benefit from the most comprehensive Forex offering available on the market.
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