Z.com Global Markets to launch prime-of-prime service
The firm will wind down its retail arm by the year-end
The affiliate of one of the world’s largest retail foreign exchange brokers, GMO-Z.com Trade UK, is launching a new prime-of-prime (PoP) service under the brand Z.com Global Markets.
Behind the new PoP stands Ramy Soliman, who closed down Stater Global Markets in June, after the firm’s main investor, SBL Holdings, decided earlier in the year that it would no longer fund it. Soliman set up the PoP firm in 2016, but opted to cease trading because he felt that without the support of the main
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