Prime Brokerage services provider Invast Global has launched a fully integrated API solution for brokers incorporating both market data and exchange execution for thousands of Single Stock CFDs, utilizing Cboe market data for U.S. and European equities.
Invast Global customers have access to live exchange pricing and leveraged, long/short execution capability via Direct Market Access (DMA), to some of the world’s most liquid CFD markets. The integrated data and DMA execution solution for CFDs is aided by the provision of fully operational and technical support functions to reduce the operational burden for Invast Global clients. Market data reporting is also streamlined, with Invast acting as the vendor of record to our broker clients.
James Alexander, Invast Chief Commercial Officer, said: “The Cboe equities data packages offer outstanding value not just for us as data vendor and the point of execution, but also for our broker clients. The fact that non-professional consumers of the data can access US and pan-European exchange data with no monthly access fees means that our Broker clients are able to disseminate this product to their customers in a much more cost-efficient way than has previously been possible. Ultimately this allows for brokers to distribute a more diversified range of products to more clients – which is a great result.
“We feel that providing a streamlined offering including data distribution, DMA execution, ongoing corporate action support, infrastructure set-up and market data reporting is a huge step forward in bringing genuine multi-asset trading capabilities to our broker clients. This diversification should allow them to grow their businesses, even in the face of an evolving regulatory landscape”, Alexander added.
The Australia-based prime broker has recently appointed a new Director for its prime brokerage services. Former Rugby player and commentator Rod Kafer joined the firm after being Managing Director for two of the firms co-founded by him for a total duration of more than 9 years.
In March 2019, Invast Global chose OneMarketData’s OneTick Surveillance solution to better face the increased regulatory requirements and pressures now placed on financial services firms. The product’s integrated web dashboard is designed for an efficient review of surveillance alerts, rapid examination of new alerts and for assigning, reviewing, annotating and archiving them to meet compliance obligations.
The broker has recently opened a new Hong Kong office in order to address growing client demand in the face of restrictive global financial reforms. The Hong Kong team is made of 6 people with a strong understanding of the local landscape and is headed by local multi-lingual technology specialist Marcus Fung, who is a senior executive at Invast since 2013.