IG launches IG Prime for institutional clients

Online trading leader, IG Group, has launched its institutional offering, IG Prime, to provide prime brokerage services for start-up and multi-prime hedge funds and Family Offices. The offering will be supported by expanded international sales coverage network within IG Prime.

Fouad Bajjali, CEO IG Prime & IG Bank SA stated:

Fouad Bajjali

Institutional clients have been calling for a new challenger, for some time, to enter the prime-brokerage market and offer an innovative and competitive alternative to the incumbent providers.

IG Prime will deliver world-class prime brokerage execution for clients through cutting-edge technology combined with access to global markets.

IG Group office

IG was founded in 1974 in London and has served institutional clients for over 15 years. The company launched its prime brokerage services for hedge fund managers and family offices in 2006.

Tony Lim, Head of Singapore said:

Tony Lim

IG has always taken pride in providing the best trading experience for our clients, the launch of IG Prime will enable us to better serve institutional clients based on their different trading needs with innovation and first-class technology.

Simon Myers, Chief Technology Officer at IG added:

Our advanced trading platforms are engineered for speed, stability and resilience, routinely processing multi-million trades per month and providing access to more than 40 global financial markets.

The new institutional offering has resources in 16 countries and provides its clients with dedicated account management team dealing with business and technology processes. As part of the company’s strategy for growth, IG Group will continue to broaden its products and services over the next two years.

Max Hayden, Global Head of Prime Brokerage Sales commented:

Max Hayden

IG Prime will deliver efficiency for clients through its use of cutting-edge technology and product development. We can successfully compete because we will be cost effective, whilst still offering clients deep and sophisticated trading access with a personal touch. Hedge Fund clients are more focused on cost than ever as the industry has gone mainstream, but they still want the comfort of a secure well capitalised counterparty.

IG Prime provides hedge fund managers and family offices with prime brokerage execution and facilitation services combining web-based trading with real-time reporting.

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