IS Prime announced today the launch of a new batch of hedging tools to facilitate copy trading. The product enables brokers to provide the same fill price to all traders involved in social trading. The company says that this new product has been developed in-house by its own team and was created in response to client demand.
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Jonathan Brewer, Managing Partner at IS Prime, explains: “A significant challenge for social trading is that copying clients can often be filled at different rates than the master account, which defeats the very purpose of the strategy. This is a constant problem for brokers – not only do they have to process each trade individually but they also receive regular complaints from clients who have copied a particular trader and yet are not enjoying the same performance.
IS Prime’s new Batch Hedger addresses these issues. When trades are received from social trading structures, we batch the full order out to the market and split the fills back to the original trade sizes, all at the same average price. This ensures that traders who are copying a given trading strategy get the same prices as the master account. This is a completely bespoke build, which we believe to be unique to IS Prime.”
Established by Raj Sitlani and Jonathan Brewer, IS Prime has been providing prime of prime solutions for almost three years now. Finance Magnates recently sat down with Mr. Brewer to discuss regulations, the state of the industry and how the law of unintended consequences may be embodied in retail brokers going offshore.