Forex liquidity consolidation: IS Prime buys ThinkLiquidity

Breaking Forex News… FX liquidity and prime brokerage services provider IS Prime has announced that it has acquired the assets of rival ThinkLiquidity, which provides risk management solutions to institutional and retail FX players.

The acquisition will be done as a purchase of ThinkLiquidity’s assets, via IS Prime affiliate company IS Prime Risk Services Inc.

The companies did not release the amount paid by IS Prime.

IS Prime stated that the acquisition is a key part of the company’s strategy to offer market leading risk management services to brokers worldwide. Effectively, beefing up its risk management capabilities will better position IS Prime to compete with the ‘big boys’ in the industry, including the alma mater of the two founding partners of IS Prime (namely Sucden Financial).

Jeff Wilkins

Jeff Wilkins, Managing Director of ThinkLiquidity, will continue as Managing Director of IS Prime Risk Services, to ensure a smooth transition and continued growth moving forward. According to Mr. Wilkins,

Our goal is to deliver the best products and services industry-wide. The synergies created out of this deal further enhance the ability to achieve that goal. This deal was an easy decision for both sides as IS Prime’s and ThinkLiquidity’s core values are perfectly in sync. I am very much looking forward to delivering upon our goal with the new structure in place.

Raj Sitlani, IS Prime

Raj Sitlani, Managing Partner, IS Prime explains,

Acquiring the assets of Think Liquidity creates a huge opportunity for IS Prime. We ran extensive due diligence on the business and the product, and we believe we have acquired a business with a best of breed risk management product and a high calibre team at a time when risk management tools are increasingly in demand by institutional clients worldwide – particularly in Asia, which is a key focus for our growth.

The next step is for our technical teams to work together. We plan to further enhance the offering by combining the existing risk management product with the skills of our world class in-house technical team.

As a result of this acquisition we will significantly increase the breadth of our offering to clients in the very near term, enabling them to optimise their risk internalisation processes.

IS Prime was launched in January 2015 by eFX veterans Raj Sitlani and Jonathan Brewer, who left Sucden Financial to start IS Prime with backing from ISAM, an established UK-based Hedge Fund with a strong pedigree in systematic trading, technology and risk management. IS Prime focuses on delivering a premium suite of products to an institutional client base, including aggregated traditional and non-traditional liquidity, prime of prime capabilities, risk management access and bespoke integration.

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