Recently, there have been some new offerings coming on to the market offering retail brokers direct access to liquidity. The implication is that by accessing the primary market “directly”, the broker will get better trading terms.
This is actually not the case, and it shows a fundamental lack of understanding on the part of the technology companies who are providing the offering, and even more surprisingly, the “Prime of Primes” who are “clearing"it.
3 March 2020 – London headquartered IS Prime is the 15th fastest growing financial services company in Europe, according to the Financial Times’ list of Europe’s 1000 fastest growing companies, published on FT.com on 2 March 2020.
February was an excellent month for brokers as Covid-19 coronavirus fears brought volatility to a wide range of markets. Volumes were up substantially from January, with some brokers reaching record monthly totals.
Profits were also robust, driven primarily by late month declines in stock indices and gold. With the uncertainty surrounding coronavirus continuing, the volatility may persist well into March, if not longer.
2020 is off to a strong start as volumes and profits rebounded from a pedestrian month of December.
Early month profits were driven primarily by Gold, and the month finished strong on late month movements in the Euro. Indices also produced profits throughout the month as reactions to the spread of the coronavirus added volatility to equity markets.