FCA-regulated prime brokerage and execution venue, IS Prime has partnered with FDC to extend its multi-asset liquidity distribution using FDC’s Condor FX Pro trading platform.
The combined effort will leverage FDC’s infrastructure and IS Prime’s price aggregation and matching capabilities to expand the companies’ institutional client base while continuing to service the retail brokerage, mid-sized institutions and active professional traders. More specifically, this collaboration enables Condor FX Pro users to benefit from a reduced latency and improved pricing when they opt to take IS Prime’s liquidity.
IS Prime, part of the ISAM Capital Markets Group, is a prime of prime business owned by the London-based hedge fund International Standard Asset Management. The group offers liquidity aggregation, prime of prime, agency execution and non-fx liquidity.
Commenting on the news, Barry Flanigan, Head of Distribution and Liquidity at IS Prime said: “A number of our clients use FDC as a front-to-back solution, and it is important for us to connect with the platforms our clients choose to use. Condor FX Pro Trading Platform is a relatively new platform which is rapidly gaining traction globally, and this partnership will extend our client reach, giving FDC clients the opportunity to have easy access to our highly competitive multi-asset liquidity.”
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FDC’s CEO, Mitchell M. Eaglstein added: “We are very proud to be working with a company as reputable as IS Prime and to offer its liquidity to our growing client base.”
Eaglstein Calls Condor FX Alternative to Metatrader
FDCTech’s flagship product, Condor FX Pro, provides an institutional trading suite for professional clients with proprietary charting tools, advanced order types, level II pricing and instant entry and execution. The product is fully integrated into a native back office, reporting and management technology, as well as desktop GUI, webtrader and mobile terminals.
The FDC CEO said last year he expects the latest edition of the platform, Condor FX Pro 5.0, to be an alternative to Metatrader, adding that they had already signed licensing agreements with many financial institutions even before its roll-out.
Furthermore, FDCTech, formerly known as Forex Development Corporation, has an API integration with one of the leading bridge and institutional liquidity providers, PrimeXM. Before that, the New York-based company has been recognized across the industry as a provider of technology packages that equip companies to operate as prime brokers.