IS Prime is set to receive liquidity in bullion, FX, and Index swap. The liquidity will be offered using Fortex’s platforms and solutions.
IS Prime is a brokerage and execution platform that is also an affiliate of the ISAM Capital Markets Group. The firm released an announcement on April 29, in which it stated that its liquidity had been merged into Fortex Technologies. Fortex Technologies is a multi-asset trading platform.
According to the firm’s press release, IS Prime will be extending its liquidity to FX, bullion, and index swaps through the multi-asset platform provided by Fortex Technologies. This will enable IS Prime to expand its global distribution.
According to the company’s head of Distribution and Liquidity, Barry Flanigan, the partnership will enable IS Prime to achieve its critical objectives. Liquidity would also boost accessibility to brokers, financial institutions, hedge funds, and other traders.
Boosting liquidity for Institutional Investors
Fortex Technologies has been actively involved in its operations, given that it has made a name for itself by offering a wide range of services, including equities, FX, and crypto-assets. The firm was started in 1997, with its main clients being banks, brokers, hedge funds, traders, and asset managers.
The Chief Executive for Fortex gave remarks over the XForce 2.0 multi-asset platform that helps in liquidity, order, risk management, hosting, MT4/5 Bridges, and more. The executive further added that the partnership would help meet the company’s mission of increasing global client reach in trading activities.
IS Prime expanding reach to enhance operations
IS Prime is an affiliate of ISAM Capital Markets Group. It offers access to full services operating in brokerage and executions. The firm is regulated by the SFC, and so are their affiliate businesses, including IS Prime Hong Kong and IS Risk Analytics.
The company has been actively researching ways that they can expand in the market. They are doing this by introducing more products in the market and enhancing liquidity distribution. Because of these efforts, the firm has recorded a three times growth in their profits for the 2020 financial year.
At the beginning of the year, the firm hired Eduard Polavsky to be the new Sales Director for the company. The role of the Polavsky will mainly involve promoting the use of the Execution service provided by IS Prime to banks, hedge funds, and asset managers in the EMEA region.
Recently, the firm also looks towards increasing the solutions their clients can access on the platform. To achieve this, they have launched MT5, which will be added to the firm’s White Label solutions. This will give brokers additional choices.