Raj Sitlani, Managing Director, ISAM Capital Markets said: Our financials confirm IS Prime’s position as a global market leader in our industry and we are very pleased to report yet another year of record revenues. We have achieved significant growth outside the UK, virtually doubling our turnover in the rest of Europe. We have also…
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Global broker CAPEX.com, operated by Key Way Markets Ltd, announced receiving a retail license from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This will enable CAPEX.com to expand its value proposition across the Middle East while providing regional investors with an online trading platform underpinned by a customer-centered and education-oriented approach.…
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LR: A key part of your role is to optimise the client’s setup for pricing and execution. Is this an area that the technology vendors would normally get involved with? Daniel: Much of the value a PoP should offer is in helping clients set up their environment to get the best out of the existing…
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The institutional unit of FXCM Group, FXCM Pro, announced its has teamed up with trading technology provider Tradesocio. The two companies collaborated to provide banks, brokers, asset managers and other buy-side institutions with a full fintech solution that combines Tradesocio’s digital investment and trading technology with FXCM Pro’s institutional liquidity and global scale. Tradesocio’s client base…
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LR: Your growth has been meteoric. What were the key milestones? Raj: For the first two years we focused heavily on client acquisition and, based on the strength of our offering, quickly attracted many of the largest brokers in the world including from ASIC, CYSEC and FCA regulated entities. After trading for two years, we…
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In recent months we’ve seen the US dollar index (DXY), which tracks the US dollar’s performance against a basket of six other currencies, surging to its highest levels since 2017. This last move higher occurred in tandem with the spreading of the coronavirus across the globe. However, the dollar’s upward path was already well underway…
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Firstly, clients often do this knowing that they are protected should their account reach a negative balance; either because the protection is mandated by regulators or knowing the difficulty brokers have collecting on negative balances. This gives the client a nearly risk-free trade with a large downside to the broker who still needs to honor…
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This caused the price for the future contract of crude oil, with delivery in May, to drop to negative values. Many traders were obligated to receive a product with no way to sell or store it, so they came down to paying $40 per barrel to anyone who would accept to take their product. Trading…
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For its current clients, IS Prime can move positions in its existing US and UK spot indices into the new products. Jonathan Brewer, Managing Partner at IS Prime commented: Many brokers have not recognised the truly catastrophic effect that negative rates can have on them. Individual retail brokers could face losses in the hundreds of millions…
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An exchange-traded Bitcoin fund on a major global stock exchange is now a reality at the Toronto Stock Exchange (TSX) in Canada and 3iQ, the asset management firm that stayed the course for three years and which launched the fund this past Thursday. $14 million was invested on that eventful day with more to come…
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