Afterprime Emerges: Global Prime Australian FX Acquisition

FNG has obtained exclusive information about strategic transactions, including the Global Prime Acquisition, in a groundbreaking development within the Australia Retail FX and CFDs sector. Notably, Jeremy Kinstlinger and Elan Bension, co-owners of the ASIC-licensed broker Global Prime since 2012, have orchestrated a significant shift in the market landscape.

Kinstlinger and Bension successfully sold Global Prime to Fusion Markets, a rival Australia-based brokerage, in a move that has captured industry attention. The acquirers, Phil Horner and David Swinden, former figures at Pepperstone, have seamlessly integrated Global Prime and Fusion Markets under Fusion Markets’ ASIC-licensed operating entity, FMGP Trading Group Pty Ltd. The consolidation extends to offshore operations, now held by Vanuatu-domiciled Gleneagle Securities Pty Limited, with an additional presence in Seychelles for Fusion Markets’ offshore business.

Global Prime Acquisition- Afterprime Emerges?

Kinstlinger and Bension, not content with this transformative transaction, have embarked on a new venture. The dynamic duo has founded Afterprime, a global Retail FX and CFDs brokerage brand housed under the Argamon group. Moreover, This venture represents a strategic departure, emphasizing adaptability and foresight in an ever-evolving financial landscape.

The Afterprime brand is not a singular entity but a comprehensive consortium of companies. For the European market, Kinstlinger and Benson have strategically acquired HCFS High Capital Financial Services Ltd, a CySEC CIF license holder previously associated with HighCapital Trade and TradersLive online brokerage brands. The rebranded entity, Afterprime Europe Limited, underscores the founders’ commitment to global expansion. Simultaneously, Afterprime Ltd, headquartered in Seychelles, will serve as the group’s offshore arm, strategically positioning itself in international markets.

In Australia, the Afterprime group will operate under the brand Argamon Markets Pty Ltd, which specializes in serving institutional clients. This venture focuses on optimizing financial and digital liquidity alongside the strategic management of Prime Broker relationships. The industry now awaits the unfolding narrative of Global Prime under Fusion Markets’ leadership and the ascent of the Afterprime group, heralding a new era in the Australia Retail FX and CFDs sector.

Also, Stay Updated with us for more news on Broker News.