IG Prime, the prime brokerage and institutional offering from IG Group (LSE: IGG), has launched a white label trading platform that allows partner institutions to offer multi-asset trading services under their own brand, with an unnamed international banking group becoming the first client for the new offering.
The platform provides banking group hedge fund clients with access to IG's global trading infrastructure, while maintaining the bank's branding throughout the user experience. The arrangement represents IG Prime's push to expand beyond its traditional prime brokerage services into technology partnerships with financial institutions.
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Hedge Funds Get Multi-Asset Access
The white label solution provides access to derivatives across equities, indices, foreign exchange, commodities and fixed income markets. Partner institutions can offer their clients IG Prime's execution technology while presenting it as their own service.
The platform integrates trading, analytics and risk management tools within what IG describes as a secure and scalable environment. Desktop and mobile access come standard, along with connection to IG Prime's low-latency execution systems.
This is another update following the early August announcement that IG Group’s institutional unit expanded its offering to include access to data from the Australian exchange via CBOE through its FIX API.
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Revenue Sharing Model Drives Expansion
IG Prime's move into white label services follows a broader industry trend where established brokerages monetize their technology infrastructure by licensing it to other financial firms. The model allows partners to offer sophisticated trading capabilities without building their own systems from scratch.
"This product launch marks a significant milestone for IG Prime," said Babita Ittoo Devillers, Managing Director of IG Prime. "Our enhanced white label platform expands our institutional capabilities, delivering a highly sophisticated offering with broad market reach for our clients."
The banking group partnership gives IG Prime access to institutional hedge fund clients it might not have reached through direct sales efforts. IG Prime, the institutional arm of FTSE 250-listed IG Group, already serves institutional funds through its traditional prime brokerage operations.
The company has not disclosed the financial terms of the partnership or revealed the identity of the banking group client. IG Prime said the platform meets regulatory standards required for institutional trading operations.
Earlier this week, FinanceMagnates.com reported that after five years as Chairman, Mike McTighe is stepping down from the Group. However, he will stand for re-election at the upcoming AGM despite the announcement of his departure.