A multi-asset liquidity provider has recently announced that it has received the Financial Services Provider (FSP) license (No. 54191) from the Financial Sector Conduct Authority (FSCA) in South Africa through its subsidiary, B2B Prime Services Africa (Pty) Ltd. This approval represents a significant expansion of the company’s regulatory framework, adding South Africa to its existing licenses in Cyprus, Mauritius, and Seychelles.
With this new authorization, the firm is set to enhance its operational capabilities and offer a more locally compliant structure for financial services. This is particularly aimed at institutional and professional clients who will benefit from direct access to a wider range of regulated financial offerings. The move eliminates the need for reliance on liquidity from distant financial hubs, which allows for improved efficiency in service delivery.
Clients can expect enhanced opportunities for strategic growth, improved risk management solutions, and superior execution quality. The licensing enables access to extensive liquidity sourced from Tier-1 providers, covering more than 235 instruments across various asset classes. These include Forex, cryptocurrencies, spot indices, precious metals, commodities, and non-deliverable forwards (NDFs), all accessible through a consolidated margin account.
Furthermore, advanced connectivity solutions, including oneZero, PXM, Centroid, FXCubic, FIX API, and cTrader, are also in place to ensure smooth integration and optimized execution. This technological backbone underlines a commitment to providing high-quality services and seamless operational experiences for clients.
In light of the growing prominence of Africa in the global financial landscape, the initiative demonstrates a commitment to fostering local partnerships and enhancing the accessibility of financial services. There is also a focus on promoting best practices within the financial services sector. The overall aim is to support sustainable development, adhere to stringent regulatory standards, and contribute positively to the local market.
With this new regulatory capability, the firm is ideally positioned to connect local financial participants with global markets and offer innovative financial solutions that cater to the specific needs of the South African market. This strategic move is expected to impact local brokers, hedge funds, money managers, institutional clients, and liquidity providers positively, thus fostering a collaborative and sustainable financial ecosystem in the region.