The risk management unit of IS Prime, IS Prime Risk Services Inc, is acquiring the assets of one of the most popular risk management service providers for brokers, Think Liquidity. The deal shows the continued interest in the market making arena for foreign exchange and CFDs brokers.
The financial terms of the deal have not been disclosed. IS Prime is continuing to expand into the institutional market place two years after it was co-founded by Raj Sitlani and Jonathan Brewer with London-based hedge fund ISAM.
The risk management services that the company is already providing will get a great boost in terms of technology and talent from the acquisition of Think Liquidity. IS Prime is aiming to become a multi-faceted institutional venue that provides a complete suite of services for STP and market making brokers alike.
The firm is already active in delivering aggregated traditional and non-traditional liquidity, prime of prime services, risk management access and integration of the different suites that a brokerage needs.
The current Managing Director of ThinkLiqudity, Jeff Wilkins will continue as Managing Director of IS Prime Risk Services.
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“The synergies created out of this deal further enhance the ability to achieve that goal. This deal was an easy decision for both sides as IS Prime’s and Think Liquidity’s core values are perfectly in sync. I am very much looking forward to delivering upon our goal with the new structure in place,” Wilkins explains.
Think Liquidity’s workshop about crowd intelligence and risk management. Finance Magnates London Summit, 2016:
Managing Partner of IS Prime, Raj Sitlani, elaborated: “Acquiring the assets of Think Liquidity creates a huge opportunity for IS Prime. We ran extensive due diligence on the business and the product, and we believe we have acquired a business with a best of breed risk management product and a high calibre team at a time when risk management tools are increasingly in demand by institutional clients worldwide – particularly in Asia, which is a key focus for our growth.”
“We plan to further enhance the offering by combining the existing risk management product with the skills of our world class in-house technical team. As a result of this acquisition we will significantly increase the breadth of our offering to clients in the very near term, enabling them to optimise their risk internalisation processes,” Sitlani explains.