The liquidity provider has integrated Pelican’s copy-trading technology into its own trading platforms.
IS Prime has announced yet another industry partnership this Tuesday, with the prime of prime broker pairing up with Pelican Trading, a provider of social copy-trading solutions and white label for brokers.
Under the agreement, the Liquidity provider has integrated Pelican’s copy-trading technology into its own trading platforms. Therefore, IS Prime can now offer these tools to its own clients. According to the statement released by the company today, these tools form part of the Prime of Prime’s solution to help drive volumes and customer engagement.
Pelican partnership combines with Batch Hedger
The partnership with Pelican follows on from IS Prime launching its proprietary batch hedging tool in July of 2019, dubbed Batch Hedger. This tool allows brokers to provide the same fill price to all traders involved in social trading.
Specifically, the company’s batch hedging algorithm was designed to support EA, copy, and social trading activity. Therefore, it can handle flow that historically, providers have had to avoid in the past.
Therefore, through the partnership announced today, combined with the Batch Hedger, the liquidity provider can now provide clients with copy and social trading solutions, which can help drive volumes and maintain core spreads at the same time.
Commenting on the partnership, Raj Sitlani, Managing Partner at IS Prime, said in the statement: “We have seen a huge rise in social and copy trading across the industry. Partnering with Pelican allows us to extend our reach and quickly deliver solutions that clients need, helping them grow. Pelican’s technology, combined with its FCA regulation, is a very compelling offering.”
The prime of prime brokerage is regulated by the Financial Conduct Authority (FCA) as a Prime of Prime and liquidity provider. The company has recently been expanding its offering, namely, the firm secured a forex trading license in Hong Kong, as Finance Magnates reported.
“Pelican specialises in working with many of the best-known brokerages in the market, enabling them to offer new and innovative products to their clients,” added Mike Read, Co-Founder and CEO of Pelican Trading.
“Partnering with IS Prime, a leading Liquidity Provider, with execution technology specifically designed for this sort of flow, enables our clients to have a more effective trading experience.”
Speaking to Finance Magnates, Robert Buxton, Sales Director, IS Prime said: “If copy trading is not executed correctly then the effect of hundreds, if not thousands, of orders hitting Liquidity Providers simultaneously can make these orders appear extremely toxic and can move the market."
"This has the effect of leaving Liquidity providers with significant losses as well as giving a poor trading experience to the end-clients themselves. The first order of the batch may be filled at market but overall there will often be significant slippage on the vast majority.
The combination of a poor client and a poor LP experience can negatively impact brokers over time as client volumes from these strategies fall and, at the same time, LPs widen spreads to protect themselves from toxic flow. Using IS Prime’s proprietary tools, specifically designed to execute this type of trading, we are able to send huge volumes of orders to market whilst simultaneously protecting LPs and optimising execution for the end client. “
IS Prime has announced yet another industry partnership this Tuesday, with the prime of prime broker pairing up with Pelican Trading, a provider of social copy-trading solutions and white label for brokers.
Under the agreement, the Liquidity provider has integrated Pelican’s copy-trading technology into its own trading platforms. Therefore, IS Prime can now offer these tools to its own clients. According to the statement released by the company today, these tools form part of the Prime of Prime’s solution to help drive volumes and customer engagement.
Pelican partnership combines with Batch Hedger
The partnership with Pelican follows on from IS Prime launching its proprietary batch hedging tool in July of 2019, dubbed Batch Hedger. This tool allows brokers to provide the same fill price to all traders involved in social trading.
Specifically, the company’s batch hedging algorithm was designed to support EA, copy, and social trading activity. Therefore, it can handle flow that historically, providers have had to avoid in the past.
Therefore, through the partnership announced today, combined with the Batch Hedger, the liquidity provider can now provide clients with copy and social trading solutions, which can help drive volumes and maintain core spreads at the same time.
Commenting on the partnership, Raj Sitlani, Managing Partner at IS Prime, said in the statement: “We have seen a huge rise in social and copy trading across the industry. Partnering with Pelican allows us to extend our reach and quickly deliver solutions that clients need, helping them grow. Pelican’s technology, combined with its FCA regulation, is a very compelling offering.”
The prime of prime brokerage is regulated by the Financial Conduct Authority (FCA) as a Prime of Prime and liquidity provider. The company has recently been expanding its offering, namely, the firm secured a forex trading license in Hong Kong, as Finance Magnates reported.
“Pelican specialises in working with many of the best-known brokerages in the market, enabling them to offer new and innovative products to their clients,” added Mike Read, Co-Founder and CEO of Pelican Trading.
“Partnering with IS Prime, a leading Liquidity Provider, with execution technology specifically designed for this sort of flow, enables our clients to have a more effective trading experience.”
Speaking to Finance Magnates, Robert Buxton, Sales Director, IS Prime said: “If copy trading is not executed correctly then the effect of hundreds, if not thousands, of orders hitting Liquidity Providers simultaneously can make these orders appear extremely toxic and can move the market."
"This has the effect of leaving Liquidity providers with significant losses as well as giving a poor trading experience to the end-clients themselves. The first order of the batch may be filled at market but overall there will often be significant slippage on the vast majority.
The combination of a poor client and a poor LP experience can negatively impact brokers over time as client volumes from these strategies fall and, at the same time, LPs widen spreads to protect themselves from toxic flow. Using IS Prime’s proprietary tools, specifically designed to execute this type of trading, we are able to send huge volumes of orders to market whilst simultaneously protecting LPs and optimising execution for the end client. “
TP ICAP Q1 Revenue Dips 3%, April Rebound Boosts Outlook
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa