Founded in 2014, IS Prime is authorized and regulated by the UK Financial Conduct Authority (FCA) to offer tier 1 liquidity aggregation, prime of prime, agency execution, and non-fx liquidity. The company’s proprietary technology provides a low latency access to liquidity in more than 80 foreign exchange crosses, spot precious metals, index swaps, and commodity index swaps.
IS Prime, a company which provides institutional clients with multi-asset execution across Tier 1 aggregated liquidity venues together with Prime Brokerage services, has launched an NDF and Forward execution facility within its Agency desk in a move to diversify its offering.
The broker’s Agency Execution service leverages the Prime of Prime’s relationships with top-tier banks in order to provide mid-tier and smaller banks, hedge funds and voice traders with a deep, anonymous, customized liquidity solution.
Raj Sitlani, Managing Partner at IS Prime, commented:
“As a top-tier multi-asset institutional brokerage we continue to look at opportunities to broaden our offering. The addition of NDFs and Forwards in our Agency Execution business shows a steadfast commitment to doing all we can to meet our institutional clients’ growing demands.”
The London-based firm is part of ISAM Capital Markets, an entity consisting of IS Prime, IS Prime Hong Kong and IS Risk Analytics (ISRA). The firm runs a hedge fund and asset management business while having market-leading companies at the forefront of the capital markets industry.
The company, headed by Managing Partner Raj Sitlani, provides the technological backbone to IS Prime’s operations. The result is competitively priced liquidity from the major market making banks, non-bank LPs and selected ECNs.
IS Prime targets online FX brokerage firms who require solid technology, robust and well-managed liquidity, real-time reporting and margin trading. Proprietary trading groups, smaller fund managers, and private banks are also potential customers. Its Agency desk is directed towards institutional clients, including bank proprietary desks, hedge funds, buy-side firms, and large corporates.
It is through a centrally cleared model backed by a UK-based bank that IS Prime is able to provide customers with deep, anonymous, and unique liquidity.
CMC Markets has recently launched its Prime FX service to institutional clients in order to fill the liquidity gap left by many traditional prime brokers, intent on scaling back their dealings with smaller banks and brokers.