B2Broker Group’s PBS Secures a License from the Bank of Russia

JSC Prime Brokerage Service (PBS), a member company of the B2Broker group, has secured a license from the Bank of Russia. With the license, PBS will be able to conduct brokerage and dealer activities in the country.

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The company applied for the permit earlier this year and the Russian authority granted the license in October 2021. After securing the licence, PBS confirmed that the plan is to provide one of the best services for professional traders, institutional and corporate clients, although it will not be entering the mass retail market.

“The aim is to deliver a good product and offer banks and professional players the Prime Broker and Prime of Prime model on the Russian market with the maximum possible number of platforms, terminals and instruments. In addition, the company plans to act as a liquidity provider for a number of foreign trading instruments,”B2Broker stated.

“Prime of Prime is not widely represented on the Russian market, and clients through a single account with a Russian regulated prime broker will now have access to all well-known international exchanges and the instruments that are traded on them,”the company added.

Last month, B2Broker has added 15 new supporter crypto CFDs.​ The company now offers a total of 115 crypto CFDs pairs on its platform.