IS Prime Partners with Pelican Trading as Social Trading Drives Volumes

The combination of IS Prime’s Batch Hedger with Pelican’s copy and trading tools will enable IS Prime to provide clients with market-leading copy and social trading solutions which can play a key role in driving volumes whilst maintaining core spreads.

Award winning Prime of Prime and Liquidity Provider, IS Prime has partnered with Pelican Trading, the social copy-trading solutions and white label provider for brokers.

IS Prime has integrated Pelican’s innovative and proprietary copy-trading technology into its trading platforms and can now offer these tools to clients as part of a solution to help drive volumes and customer engagement.

The partnership follows on from the successful launch of IS Prime’s proprietary batch hedging tool in July 2019, which enables brokers to provide the same fill price to all traders involved in social trading. IS Prime’s batch hedging algorithm was specifically designed to support EA, copy and social trading activity, allowing it to handle flow that many providers have, in the past, had to turn away.

Raj Sitlani

The combination of IS Prime’s Batch Hedger with Pelican’s copy and trading tools will enable IS Prime to provide clients with market-leading copy and social trading solutions which can play a key role in driving volumes whilst maintaining core spreads.

Raj Sitlani, Managing Partner at IS Prime said: “We have seen a huge rise in social and copy trading across the industry. Partnering with Pelican allows us to extend our reach and quickly deliver solutions that clients need, helping them grow. Pelican’s technology, combined with its FCA regulation, is a very compelling offering.”

Mike Read, Co-Founder and CEO of Pelican Trading, commented: “Pelican specialises in working with many of the best-known brokerages in the market, enabling them to offer new and innovative products to their clients. Partnering with IS Prime, a leading Liquidity Provider, with execution technology specifically designed for this sort of flow, enables our clients to have a more effective trading experience.”

Barry Flanigan, Head of Electronic Trading Solutions at IS Prime added: “Whilst the original order can be small there are, at times, a huge number of ‘copiers’ which can lead to very sizeable volumes, both in terms of numbers of tickets and the $ volume traded hitting the market simultaneously. These orders can, if not handled correctly, cause significant market impact as well as sizeable losses to Tier 1 Liquidity Providers.

Mike Read

“IS Prime is perfectly placed, due to its unique batch hedging technology and customisable liquidity, to ensure that it is both executing orders effectively and protecting LPs, and by extension, spreads.
“We have seen great interest in Pelican from our clients and a partnership like this is enormously beneficial to IS Prime, Pelican and our mutual clients.”

Pelican Trading is an award winning, social copy-trading technology solutions and white label provider for brokers. Regulated by the FCA, Pelican’s innovative broker neutral solution connects users directly with brokers, integrating trade execution and communication into a central network for traders. Available via iOS and Android, Pelican’s propriety mobile application enables broker clients to auto-copy signals, execute trades, chat and analyse performance.

Read this next

Retail FX

Investors from Cyprus and Dubai acquire ‘significant stake’ in M4Markets

Seychelles-regulated brokerage firm M4Markets firm has picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.

Executive Moves

UAE broker Amana elevates Amr Masry to sales director

Amr Masry has been promoted to a new senior role at Amana Capital, becoming the group’s newest Sales Director, following a successful tenure with the UAE-based FX and CFDs broker.

Executive Moves

TopFX promotes Omar Al-Janabi to head of sales and business development

Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.

Retail FX

Plus500 says 2022 revenue to be ‘significantly’ ahead of analysts’ estimates

Israeli-based, but London-stock market listed Plus500 said it expects annual revenue and earnings to be ahead of analysts’ estimates even as trading levels normalised from record volumes in the first quarter.

Digital Assets

Crypto derivatives giant BitMEX launches spot market

Crypto exchange BitMEX is looking to branch out of its singular focus on crypto derivatives with a suite of new product offerings. Although derivatives are to remain at the heart of BitMEX’s business, the popular platform will add spot crypto trading as it aims to aggressively grow their user base.

Uncategorized

PrimeXM reports mixed trading volumes for April

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Digital Assets

DLT Finance approved by BaFin to support brokerage and custody of digital assets

DLT Finance is already partnered with big names within the digital asset space, including Kraken, Bitstamp, B2C2, and Bittrex.

Institutional FX

LUKB taps vestr to launch actively managed products, AMCs

The partnership with vestr goes to show the growing importance of digitising the active investment management space.

Digital Assets

Jewel taps Tokeny to launch stablecoin-as-a-service solution on Polygon

Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier and near real time payments with stablecoins issued and redeemable directly at the bank level at Jewel.

<