IS Prime has unveiled a new offering for its clients, solidifying its comprehensive Prime of Prime (PoP) service suite white labeling their front-to-back offering, according to an IS Prime statement.
In particular, the white label service will now include a number of aspects, including the following foreign exchange (FX) and precious metal liquidity via API, deployed direct or through any of the major bridge providers and ECNs.
Moreover, contracts-for-difference (CFD) liquidity via API, bridge and ECN (already available to clients since Q4 2014) will also be included in the offering, which are also coupled with real-time trading and risk and margin information via the white labeled Terminus GUI.
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Clients will have access to white labeled end of day statements and a broad spectrum of reporting capabilities. Furthermore, the offering grants intraday commission billing, swap reports, and historical and trade queries.
We believe that this gives an opportunity to the more active players in the retail broker market to compete in the Prime of Prime space
According to Jonathan Brewer, Managing Partner of IS Prime, in a recent statement on the enhanced offering, “The Prime of Prime market is in transition, with many players struggling to find PB solutions in the wake of the market turbulence in January. We believe that this gives an opportunity to the more active players in the retail broker market to compete in the Prime of Prime space.”
“The only thing that is holding many of them back is the requirement to invest in expensive technology; the fact that IS Prime is offering this turnkey solution opens up this business segment to our clients at zero capital expenditure. There has been much discussion from our competition about the increasing opportunity in the Prime of Prime space in the wake of the SNB, but no explicit products offered to clients. We are demonstrating our solution and technology driven approach by enabling our clients to take advantage of this opportunity,” he added.