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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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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Singapore-based broker Straits Financial Services Pte. Ltd. just announced that is now providing prime-of-prime (PoP) brokerage services to Spotex, a developer of modular, technology systems for foreign exchange brokers and institutional ECN operator. The partnership enables clients to access institutional FX liquidity via Straits Financial and provides a gateway for brokers to deploy Spotex’s modular…
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GMO-Z.com Trade UK Limited, FCA-regulated and an affiliated company of retail forex provider GMO CLICK Securities Inc, has just announced that it has launched a new institutional prime-of-prime service. The new service will be offered under a new brand – Z.com Global Markets. To date, the company had been offering its services primarily to retail…
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Breaking news... FCA regulated Prime of Prime broker IS Prime has reported continued growth, with a 60% increase in turnover y/e 31 March 2019. Reported figures from the London-headquartered broker show a rise from £17.2m y/e 2018 to £27.6m y/e 2019. Net profit for the financial year has increased by 11.5%, rising from £4.6m to…
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LeapRate Exclusive... Paul Jackson has over 20 years’ experience in the financial markets including almost 5 years at CFH Clearing where he was a member of the management team, with responsibility for assembling and managing sales. Prior to CFH, he used to work at LMAX Exchange and CMC Markets as well as over a decade…
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Prime of Prime and liquidity provider, IS Prime, just announced that it has extended its liquidity distribution by teaming up with FX and Digital Asset trading solutions provider TradAir. Banks and brokers can now view and trade directly against IS Prime liquidity as well as utilize TradAir's solution to enable their clients to benefit from…
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Report identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK IS Prime, part of ISAM Capital Markets, has been identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain 2019’. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses…
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LeapRate Exclusive... This article is courtesy of Richard Perona, VP of Institutional Sales at Advanced Markets and Fortex, Inc. Recently at an FX conference, a developing fund manager and I crossed paths. After a few polite introductions, I quickly realized that, based on his audited returns, the new fund manager was proficient in trading the…
Read moreMany FX brokers are looking to become liquidity providers and to distribute their liquidity as look for new avenues to expand.
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