B2B Prime Services SC Ltd, a multi-asset Prime of Prime
liquidity provider, has achieved another significant regulatory
milestone by obtaining a security dealer license in Seychelles.
This marks the third license for B2Prime, following those in Cyprus
and Mauritius. These jurisdictions serve as key hubs with a high
concentration of brokers, and B2Prime is dedicated to serving
regulated market participants not only in these locations but also
throughout Europe. This latest license underscores B2Prime's
commitment to providing trusted and compliant services to its
global client base.
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B2Prime, a globally renowned multi-asset
Prime of Prime liquidity provider, has obtained a security dealer
license in Seychelles, expanding its global operations and opening
doors to its top-tier liquidity services for local brokers, hedge
funds, money managers, institutional clients, and liquidity
providers. (Photo: Business Wire)
Seychelles, recognised as a crucial hub for brokers, provides
B2Prime with a strategic platform to distribute liquidity locally
across all regulated companies.
The newly acquired security dealer license enables the B2Prime
group to engage in crucial financial activities, such as
negotiating and entering agreements for acquiring, disposing of,
subscribing for, or underwriting securities. Additionally, it
allows to manage securities transactions, handle sales, and manage
portfolios of securities on behalf of the clients.
This significant development will greatly enhance the ability to
operate efficiently within global markets, backed by a robust legal
framework to offer these services under the strict regulatory
oversight of the Seychelles Financial Services Authority
(SFSA).
Importance of Seychelles License for B2Prime Clients
Seychelles is becoming an attractive location for brokerages,
thanks to its strategic placement between Africa, Asia, and the
Middle East and its supportive financial climate. With 182 brokers
already registered in Seychelles, there is a clear need for a local
liquidity partner that can streamline operations and offer advanced
financial and technology solutions.
In response to this demand, B2Prime has strategically expanded
its presence by acquiring a security dealer license from the
Seychelles Financial Services Authority (SFSA), the regulatory body
responsible for the licensing and supervision of financial service
providers, including security dealers.
This development eliminates the need for local companies to seek
out or connect with liquidity providers in distant financial hubs.
Instead, they can directly access B2Prime’s extensive Prime of
Prime level liquidity.
B2Prime offers over 225 instruments across six asset classes in
CFDs, including FOREX, Cryptos, Spot Indices, Precious Metals,
Commodities, and NDFs, all through a single margin account. B2Prime
clients benefit from deep liquidity pools sourced from Tier-1
providers, which ensure tight spreads and ultra-fast execution.
Connectivity options, including OneZero, PXM, Centroid, T4B, FIX
API, and cTrader, further facilitate seamless integration and
efficiency.
“Establishing our operations in Seychelles opens doors to our
Prime of Prime liquidity and enhanced service levels for local
brokers, hedge funds, money managers, institutional clients, and
liquidity providers. This step forward aligns perfectly with our
goal of providing top-tier financial services worldwide and enables
us to offer even greater reliability and seize new opportunities in
global markets.”
– Eugenia Mykulyak, Founder & Executive Director of
B2Prime
Robust Financial Performance and Future Outlook
Following the strategic initiatives, B2Prime has recently
disclosed the financial results for its parent company, B2B Prime
Services EU, which highlights robust financial growth in the first
quarter of 2024. Total assets in Cyprus surged to €28,969,690.98, a
40.32% increase from the previous year. Client assets held for
trading also increased by 47.6% to €26,840,460.11.
In the same period, the shareholders' equity rose by 8%, with
year-on-year comparisons showing a 68% growth in total assets and a
64% increase in client assets held for trading. Notably,
shareholders' equity experienced an impressive 289% surge.
Regulatory Capital Adequacy dramatically improved, too, with
B2Prime's own funds soaring nearly 600% from €503,000 to
€2,728,000, far exceeding regulatory minimums with CET1 and Tier 1
ratios significantly above the required standards.
These figures highlight a strong balance sheet and show
B2Prime’s ongoing devotion to growth and reliability. Soon, the
company will also disclose the fiscal report for B2Prime Mauritius,
which will further validate its position as a credible and reliable
service provider to clients worldwide.
Final Remarks
B2Prime has been actively expanding its global footprint since
its establishment in Cyprus in 2020 and Mauritius in 2023. The
ongoing strategy aims to position B2Prime as a trusted partner in
key financial jurisdictions worldwide. The recent acquisition of a
security dealer license in Seychelles is a continuation of these
efforts to offer Prime of Prime financial services and exclusive
tools to local businesses in Seychelles, enhancing their
capabilities and potential to succeed in the global
marketplace.
The company is thrilled to start operating as a trusted
liquidity provider in Seychelles and partner with local
businesses!
Reach out today for market-leading liquidity
solutions!
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+230 46 555 26 info@b2prime.com