Stater to withdraw from prime-of-prime

Launched in 2016, Stater Global Markets has focused on smaller hedge funds and retail brokers

PoP exit: “It goes against our ethos to continue with a degraded service,” says Ramy Soliman

Stater Global Markets is to close its prime-of-prime (PoP) business after its main investor, SBL Holdings, decided to no longer fund it, the firm announced today.

“We have chosen to cease the prime-of-prime business as, without SBL Holdings’ continued support, we feel we are unable to continue to operate at the high level we wish to maintain,” said Ramy Soliman, chief executive of Stater Global Markets, in a press statement.

“Stater has built a reputation for excellence over the last three

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