IS Prime has launched an innovative batch hedging tool to facilitate copy trading

The product enables brokers to provide the same fill price to all traders involved in social trading. The product has been developed in-house in response to client demand.

Speaking today on the launch of the new batch hedging tool, Jonathan Brewer, Managing Partner at IS Prime explains, “A significant challenge for social trading is that copying clients can often be filled at different rates than the master account, which defeats the very purpose of the strategy.”

“This is a constant problem for brokers – not only do they have to process each trade individually but they also receive regular complaints from clients who have copied a particular trader and yet are not enjoying the same performance” he continued.

“IS Prime’s new Batch Hedger addresses these issues. When trades are received from social trading structures, we batch the full order out to the market and split the fills back to the original trade sizes, all at the same average price. This ensures that traders who are copying a given trading strategy get the same prices as the master account. This is a completely bespoke build, which we believe to be unique to IS Prime” concludedMr Brewer

IS Prime delivers a premium suite of products to an institutional client base. Products include aggregated traditional and non-traditional liquidity, prime of prime capabilities, risk management access and bespoke integration.

Read this next

Digital Assets

Zero Hash obtains AUSTRAC registration in Australia

Seed CX is expanding the reach of its crypto settlement solution, dubbed ‘Zero Hash,’ which has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider.

Digital Assets

UK advertising watchdog slams Arsenal over misleading crypto ads

The UK advertising watchdog has reprimanded Arsenal Football Club for promoting crypto assets without warning fans of the potential associated risks.

Retail FX

Swissquote profit slips as crypto revenue falls by two thirds

Swissquote Group, Switzerland’s provider of online trading services, reported that its H1 revenues dropped by nearly a quarter from a year ago as clients’ interest in crypto trading stagnated.

Digital Assets

Crypto.com granted approval to operate business in Cayman Islands

Crypto.com, one of the longest-established crypto platforms, has obtained a new registration in the Cayman Islands under the Virtual Asset Services Providers Act.

Executive Moves

United Fintech hires Mitch Vine and Danny Finnerty to expand US footprint

“United Fintech’s expansion in the US is pivotal to our mission of helping financial institutions digitize and gain access to best in class capital markets focused technology.”

Digital Assets

Ankr backed by Binance Labs after several initiatives in support of BNB Chain

Ankr has made a series of upgrades to the BNB Chain, including Erigon, the Archive Node, and the latest BNB Application Sidechain (BAS) scalability solution.

Retail FX

Financial Commission terminates membership of LordFX

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has expelled forex brokerage LordFX from its membership, according to a FinaCom statement.

Industry News

Match-Prime Liquidity sponsors Cypriot football club Omonoia FC

“We feel privileged to support Omonoia as it’s one of the largest teams in Cyprus, fandom size-wise, and we know it has a special connection with its supporters.”

Institutional FX

XTB’s X Open Hub adds 30 cryptos to white label offering for brokers

Its solutions include deep institutional liquidity on more than 5,000 global instruments, such as indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a white label platform that can be fully customized and branded for each brokerage.

<