Swiss Franc After-Effects Still in the Air, LCG Assesses Prime of Prime Solution
Friday,06/02/2015|18:57GMTby
Adil Siddiqui
Listed multi-asset currency and CFD provider, London Capital Group, is reviewing its prime of prime offering to institutional clients, according to Forex Magnates' sources. The review comes on the back of risk assessments across the industry.
The recent trend of FX Prime of Prime (PoP), an intermediary service whereby firms extend their prime brokerage relationship, is the latest victim of the January Swiss franc price crash. Forex Magnates has learned from sources close to the matter that London Capital Group’s institutional forex division is reviewing its Prime of Prime service. The move comes as no surprise to industry participants as the ripple effects of last month’s emphatic event continue to haunt providers.
The mid-tier service provided by institutional firms that facilitate prime broking has benefited from the general demise of the FXPB sector over the last two years, as banks review their risk parameters. London Capital Group’s institutional FX division has been a prominent player in the London market, the firm offering a range of forex derivatives including, spot, swaps, forwards & NDFs. The firm offers one of the widest range of ECN platforms for firms to connect via FIX API, including Currenex, FXOne, Hotspot, MarketFactory and ICAP.
London Capital Group has declined to comment.
LCG FX’s Prime of Prime offering allows firms to trade on flexible margin rates, with additional credit and collateral availability through the users bank.
The FXPB space came under fire in 2014 as a number of mid-size and large banks terminated their services. Rabobank, a popular provider among retail aggregators shut down its service in May 2014 after the bank reassessed its risk parameters, a similar exercise at Scandinavian giant, SEB Bank, which followed suit. Other players such as BoAML have integrated their FX unit in the overall PB offering.
The recent trend of FX Prime of Prime (PoP), an intermediary service whereby firms extend their prime brokerage relationship, is the latest victim of the January Swiss franc price crash. Forex Magnates has learned from sources close to the matter that London Capital Group’s institutional forex division is reviewing its Prime of Prime service. The move comes as no surprise to industry participants as the ripple effects of last month’s emphatic event continue to haunt providers.
The mid-tier service provided by institutional firms that facilitate prime broking has benefited from the general demise of the FXPB sector over the last two years, as banks review their risk parameters. London Capital Group’s institutional FX division has been a prominent player in the London market, the firm offering a range of forex derivatives including, spot, swaps, forwards & NDFs. The firm offers one of the widest range of ECN platforms for firms to connect via FIX API, including Currenex, FXOne, Hotspot, MarketFactory and ICAP.
London Capital Group has declined to comment.
LCG FX’s Prime of Prime offering allows firms to trade on flexible margin rates, with additional credit and collateral availability through the users bank.
The FXPB space came under fire in 2014 as a number of mid-size and large banks terminated their services. Rabobank, a popular provider among retail aggregators shut down its service in May 2014 after the bank reassessed its risk parameters, a similar exercise at Scandinavian giant, SEB Bank, which followed suit. Other players such as BoAML have integrated their FX unit in the overall PB offering.
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Dominic Poynter describes the night as high-quality and professional; a reflection of years of dedication.
With 20 years in the market, the focus now is on continued growth across MENA and the GCC.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com?utm_source=SM&utm_medium=sm_post&utm_campaign=testimonials
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Dominic Poynter describes the night as high-quality and professional; a reflection of years of dedication.
With 20 years in the market, the focus now is on continued growth across MENA and the GCC.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com?utm_source=SM&utm_medium=sm_post&utm_campaign=testimonials
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We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
