IS Prime launches low-cost liquidity offering on indices and commodities

Rick Steves

The pricing methodology was designed to improve on a fixed spread protocol to enhance book yield for retail brokers.

IS Prime has announced a new liquidity solution in indices and commodities which provides clients of the ISAM Capital Markets Group with more competitive spreads.

Variable spreads in the major indices and US and UK crude start from zero during liquid market hours, according to the firm as the broker admits the brokerage industry has engaged in an arms race to offer the tightest possible spreads in FX, but seems to have forgotten about indices and commodities.

That is why IS Prime decided to make the move. Its new proprietary pricing protocol has broken this barrier, IS Prime claims, arguing that the firm’s leading quants have designed the pricing methodology to improve on a fixed spread protocol to enhance book yield for retail brokers.

Jonathan Brewer, Commercial Director of ISAM Capital Markets and Managing Partner at IS Prime said: “Having our own proprietary pricing engine for indices and commodities means we can leverage our knowledge of brokers’ requirements to provide a product which is forensically tailored to their needs.

“This price feed is a true institutional grade offering and it represents a significant competitive advantage for us versus our peers who typically re-sell a price feed they receive from a third party with a mark-up or simply re-sell their retail price feed.

“We are very excited about this new product because we believe it will align index and commodity products to price in a very similar way to FX pairs, thereby representing a significant cost benefit as well as an improvement in service to our B2B clients, and in turn to their B2C clients. We are bringing index and commodity pricing up-to-date with the expectations of clients in the 2020s”, Mr. Brewer added.

The Prime of Prime broker offers aggregated pricing sourced primarily from Tier one institutions, settled through the group’s bank Prime Brokers.

Earlier this year, IS Prime added MetaTrader 5 to its white-label offering, which is made up of a back-office, risk systems, and a package from IS Risk Analytics including bridge services.

Retail Forex brokers looking for a white label partner can find in IS Prime a prime of prime broker which offers trading via MT4, MT5, and its proprietary platform, Terminus.

In early March, the subsidiary of ISAM Capital Markets launched a new trading GUI and risk system with Reactive Markets, particularly aimed at its growing client base of FX hedge funds and asset managers.

This latest development from the FCA-regulated Prime of Prime allows clients to combine their position management, charting, technical analysis, risk management, and trading across FX, indices, cryptocurrencies, and precious metals.

Alongside this, clients are able to access trade analytics including slippage and latency statistics enabling them to trade more efficiently and effectively on IS Prime’s market-leading liquidity.

IS Prime has also tapped ex-Refinitiv Eduard Poltavsky as Sales Director this year, following the appointments of Daniel Lewis and Jodie Barrett to the firm’s institutional sales team.

 

Read this next

Digital Assets

CME Group to launch reference rates and indices on Avalanche (AVAX), Filecoin (FIL), and Tezos (XTZ)

Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.

Technology

OneConnect launches operation in ADGM further expanding in Middle East

OneConnect has launched its regional operations in Abu Dhabi Global Market (ADGM), the leading international financial centre of the capital of the UAE, after having worked together on the creation of the ADGM Digital Lab which was launched in April 2021. The ADGM Digital Lab is a marketplace and industry sandbox to encourage the development […]

Industry News

Bitso powers crypto into Via’s payroll platform as remote work triples by 2027

“We are also allowing companies to hire international talent without worrying about administrative issues.”

Retail FX

Vantage partners with FinaCom for external dispute resolution and up to €20,000 protection per client

Vantage has joined the Financial Commission (FinaCom) as a member, thus gaining access to the external dispute resolution body’s range of services and membership benefits, including the unbiased resolution process facilitated by FinaCom, and the protection of up to €20,000 per client, covered by the FinaCom’s compensation fund.

Digital Assets

LMAX Digital onboards Bryan Christian and Cassandra Cox to lead sales

Institutional cryptocurrency exchange LMAX Digital continues to undergo a series of changes in its top ranks as it continues to build its presence globally. Two industry veterans, Bryan Christian and Cassandra Cox, have joined the group as its newest sales directors in Europe and USA.

Digital Assets

Cake DeFi introduces Ethereum Staking with 5% returns

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.

Retail FX

FX trading rebounds 405pct at Saxo Bank in September

In a volatile market driven by Russia-Ukraine headlines, FX trading volumes through Saxo Bank have rebounded strongly in September to the highest level in three months.

Retail FX

CMC Markets’ stock climbs as H1 revenue to climb +20%

CMC Markets PLC (LSE:CMCX) shares spiked 5.6 percent to 235p in Thursday’s trading after the firm’s trading update for the first half of its fiscal year 2023 revealed results at the high end of company projections.

Retail FX

Interactive Brokers doubles client accounts to 2 million in 24 months

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes took a slight step back in September, an indication that investor confidence is still fairly mixed over the past few months.

<