IS Prime Adds MT5 White Label Solutions

Posted by Robert Buxton on Apr 15, 2021 12:39:00 PM

14 April 2021 - IS Prime, part of ISAM Capital Markets, has added MT5 to its White Label solutions to give further choice to retail FX brokers.

IS Risk Analytics' View From the Desk - February 2021

Posted by Fred Gewirtz on Mar 11, 2021 6:02:07 PM

February volumes were in line January’s totals and with 2020 monthly averages. Profits, on the other hand, were much improved over January’s subpar figures. Gold was the primary driver of profitability as the majority of retail clients were long into sharp downward movements early and late in the month. GBP pairs were also profitable for brokers as they broke from January ranges. Unlike other instruments, indices were primarily range bound and therefore not a consistent source of profits for most brokers.

Exclusive: IS Prime’s Will Robbins on the Asia FX market

Posted by Robert Buxton on Mar 11, 2021 10:21:00 AM

FNG Excusive Interview
London based Prime-of-Prime institutional FX services provider IS Prime set up shop in Hong Kong four years ago, and has seen significant growth as the Asia region has continued its emergence on the global FX scene. FX News Group spoke to Will Robbins, IS Prime’s Head of Asia in Hong Kong, to find out more about the trends in the region and the reasons behind the firm’s success.

IS Prime Launches New Multi-Asset Trading & Risk System with Reactive Markets

Posted by Robert Buxton on Mar 1, 2021 12:08:10 PM

1 March 2021 - IS Prime, part of ISAM Capital Markets, has launched a new trading GUI and risk system with Reactive Markets, particularly aimed at its growing client base of FX hedge funds and asset managers.

IS Prime Expands Sales Team with Two New Appointments

Posted by Robert Buxton on Feb 11, 2021 2:06:51 PM

11 February 2021 – IS Prime, part of ISAM Capital Markets, has expanded its institutional sales team with the appointments of Daniel Lewis and Jodie Barrett.

IS Risk Analytics' View From the Desk - January 2021

Posted by Fred Gewirtz on Feb 4, 2021 1:41:11 PM

January volumes were in line with 2020 monthly averages, but profits slipped rather markedly. Losses were driven by a rebound in USD and EUR retracement. Gold volumes were up primarily from its move lower early in January, and gold showed consistent profitability for brokers overall during the month. The latter part of the month was relatively flat but closed with an uptick in volume due to US equity volatility impacting the broad market.

IS Risk Analytics' View From the Desk - December 2020

Posted by Fred Gewirtz on Jan 14, 2021 5:29:08 PM

Activity in the first two weeks of December was enough to make the month a relatively strong one for brokers despite volatility waning as the month progressed. Early month profitability was driven by retail clients shorting EURUSD into what ended up being a broad-based USD selloff. As the holidays approached, markets became range bound and profitability and volumes suffered, but full month figures ended up in line with 2020 averages.

IS Prime Offers Liquidity Via FDCTech’s Condor FX Pro Platform

Posted by Robert Buxton on Dec 22, 2020 3:00:00 PM

22 December 2020 – embargoed until 14.30 GMT - IS Prime, part of ISAM Capital Markets, has partnered with FDCTech to extend its liquidity distribution to the innovative Condor FX Pro trading platform.

IS Risk Analytics' View From the Desk - November 2020

Posted by Fred Gewirtz on Dec 4, 2020 1:14:41 PM

Buoyed by early month volatility that arose surrounding vaccine news, November volumes exceeded October’s even though activity trailed off sharply late in the month. The vaccine news prompted a sharp gold selloff that many brokers were on the wrong side of, but total monthly profits far exceeded the depressed figures from October and finished in line with 2020 monthly averages. December is historically a slow month in the markets, but with Covid cases still surging and a Brexit deadline looming, this year could prove to be an anomaly.

IS Prime Reports Impressive Growth

Posted by Robert Buxton on Nov 27, 2020 9:15:17 AM

27 November 2020 – For the sixth consecutive year, IS Prime has reported impressive growth, with a 30% increase in turnover y/e 31 March 2020. Reported figures from the London-headquartered FCA regulated Prime of Prime broker show a rise from £27.6m y/e 2019 to £36m y/e 2020.

CFD Market Data … Boring but essential!

Posted by Robert Buxton on Nov 24, 2020 12:49:09 PM

A key and often overlooked issue that we have been seeing time and time again, with LPs and brokers alike, is that of inaccurate market data. In times of extreme market volatility and high volumes, such as we have experienced recently over the US election results and the announcements in the press regarding a Covid-19 vaccine, these issues have become particularly apparent.

Risk Update: US Election – Are You Ready?

Posted by Jeff Wilkins on Oct 30, 2020 7:47:20 AM

As the US 2020 US Presidential race draws to a close on Tuesday, with polls opening on the morning of November 3rd, ISRA takes a look at the market conditions around the election, and discusses how brokers can better prepare their businesses, and protect themselves from market shocks.  

IS Risk Analytics' View From the Desk - September 2020

Posted by Fred Gewirtz on Oct 6, 2020 8:23:14 AM

September volumes slumped slightly from August figures, and profits dipped as well. However, most brokers were able to post respectable overall statistics due to relatively strong early to mid-month gains. The month also saw a reversal from August trends, with equity indices pulling back and both oil and gold selling off. The movement in gold drove the majority of PL volatility during the month.

Is waiting for a ‘client drop’ really the best way to manage P&L and risk?

Posted by Jeff Wilkins on Sep 23, 2020 1:31:20 PM

Retail brokers generally state that around 75% of retail investors lose money - the majority of these losses are in the spread value of their trades (because they are trading on wide spreads) rather than because they call the market wrong. 

However, studies have shown that over the long-term (if you take out transaction costs and spreads), clients’ trading P&L is generally no better or worse than that of their brokers.

Getting it right from the start: Taking a constructive approach to client integration

Posted by Daniel Crane on Aug 5, 2020 3:37:57 PM

Whenever a firm decides to work with a new Prime of Prime (PoP), there are a number of steps involved and various factors to consider. Firms – particularly retail brokers servicing their own end clients - may not realise that the way the PoP approaches their initial onboarding process, their technology integration and their continued, ongoing support, will all become key factors in the success or failure of their business and their ability to service their own end clients.

IS Risk Analytics' View From the Desk - July 2020

Posted by Fred Gewirtz on Aug 5, 2020 1:45:39 PM

After a relatively quiet start to the month, the second half of July brought strong profits for brokers, allowing most to far exceed the results seen in June. Although volumes were only up marginally from the prior month, revenues were robust because of broad-based USD selling and the late month rally in metals. By the beginning of August, metals had reached all time highs and EURUSD was at a level not seen for 16 months.

Liquidation Risk: Have you assessed the impact on your firm?

Posted by Jeff Wilkins on Jul 24, 2020 9:51:45 AM

As market volatility persists, brokers have become increasing vigilant monitoring the risk of their clients’ potential (and realised) negative balance exposure following liquidation, but there is another side to liquidation risk that may be even more important for brokers to consider.

IS Risk Analytics' View From the Desk - June 2020

Posted by Fred Gewirtz on Jul 7, 2020 2:33:13 PM

June profits and volumes were front-loaded with the bulk of PL in the first 10 days of the month, primarily due to broad-based USD selling. Profitability in that period was focused in EUR and JPY pairs, along with indices and gold. Mid-month activity was relatively flat, but the month finished well primarily because of the continuation of the gold rally. Overall, both profits and volumes recovered well from the lows seen in May.

Why Client Flow Needs to Be Matched Against Appropriate Liquidity Pools

Posted by Barry Flanigan on Jun 26, 2020 9:06:00 AM

In a follow-up to my recent post on Aggregation & Spreads: The Race to Zero, I’d like to drill down on the best practices that we use to help brokers distinguish between true retail flow and institutional or proprietary trading flow.

How can they tell which is which, and what can they do to ensure they are receiving the appropriate liquidity for each?

IS Risk Analytics' View From the Desk - May 2020

Posted by Jeff Wilkins on Jun 23, 2020 12:44:36 PM

May volumes were very similar to April totals, but still far below the highs reached in February and March. Although volumes were in line with April, profits were far lower. Losses in oil suppressed profitability in the early weeks of May as the majority of retail clients held their long positions into the rally at the start of the month. Movements in indices later in May helped salvage respectable, though below average, overall profits for the month.

VIDEO - FX Liquidity: Virtual Vision Finance

Posted by Robert Buxton on Jun 12, 2020 10:55:22 AM

Jonathan Brewer, Managing Partner at IS Prime, joins the 'Virtual Vision Finance' liqiudity pannel discussion. 

IS Prime - Best Trade Execution (Prime of Prime) in Global Forex Awards 2020

Posted by Robert Buxton on Jun 5, 2020 3:45:23 PM

5 June 2020 – IS Prime has been voted winner of the Best Trade Execution (Prime of Prime) category in the Global Forex Awards 2020.

Re-evaluating Prime of Prime

Posted by Robert Buxton on Jun 5, 2020 11:49:55 AM

In the last year we have seen a dramatic fall in interest from our clients and prospects, particularly retail brokers, in “True Prime of Prime” offerings , i.e. where a broker uses a Prime of Prime (PoP) purely as a credit intermediary and has ‘direct’ relationships with Tier1 Liquidity Providers (LPs).

Why copy trading needs to be carefully managed

Posted by Barry Flanigan on May 26, 2020 6:42:45 PM

Following IS Prime’s recent announcement about our partnership with Pelican Trading to integrate their social copy-trading technology into our trading platforms, it’s worth exploring some of the potential issues that copy trading can raise for both retail brokers and Liquidity Providers (LPs), and how IS Prime helps address those issues.


Aggregation & Spreads: The Race to Zero

Posted by Robert Buxton on May 15, 2020 12:19:56 PM

Barry Flanigan, head of Electronic Trading Solutions (ETS) at IS Prime, talks to eForex magazine about the pitfalls of purely focusing on spreads.

IS Risk Analytics' View From the Desk - April 2020

Posted by Jeff Wilkins on May 11, 2020 4:53:07 PM

April saw broker volumes fall off significantly from the near-record numbers recorded in February and March. Profits, though down as well, were respectable as a result primarily of mid-month moves in oil markets that saw prices fall briefly into negative territory. Profits were also buoyed by movements in gold and US indices. Oil prices will likely be in focus again in May as we approach the expiration of this month’s futures contract.

Risk Update: NFP – Are you ready?

Posted by Jeff Wilkins on May 7, 2020 5:32:29 PM

Nonfarm Friday is a day that used to be quite exciting for trading desks and traders alike, although the last couple years have been somewhat sleepy. After hovering in a tight range for an extended period of time, US Nonfarm Payroll figures dropped by 700,000 in the April release.

IS Prime Releases Revolutionary UK & US Oil Index Rebased at 100

Posted by Robert Buxton on Apr 27, 2020 1:55:33 PM

New products could potentially save brokers from losing millions of dollars

Challenging times in Finance: Working from home

Posted by Jeff Wilkins on Apr 27, 2020 8:00:00 AM

The last year has not been a particularly easy one for brokers. Increasing costs associated with regulatory compliance, lack of volatility in the markets, falling revenues, tighter margins and now, on top of all of that, the impacts of COVID-19, are taking their toll.

Risk Update: Mind the (Weekend) gap

Posted by Jeff Wilkins on Apr 14, 2020 11:44:03 AM

The recent rise in market volatility has left all brokers susceptible to being taken advantage of by predatory traders but this is particularly true for startups and smaller brokers. While the opportunities for traders to attempt to exploit brokers have always existed, current market conditions have exacerbated the risk with strategies ranging from weekend gap loading to depth of book and spread arbitrage.

Antony Tan Joins IS Prime Hong Kong from Invast Global

Posted by Raj Sitlani on Apr 14, 2020 10:22:41 AM

Tuesday 14 April 2020 - IS Prime Hong Kong, part of the ISAM Capital Markets Group, has appointed Antony Tan as Vice President – Trading Solutions, Asia. Tan joins IS Prime Hong Kong from Invast Global where he was Head of Dealing Services.

IS Risk Analytics' View From the Desk - March 2020

Posted by Jeff Wilkins on Apr 3, 2020 3:21:15 PM

Volume totals in March matched the strong numbers from February, though daily figures trailed off late in the month. Daily profit figures also softened in the second half of the month, but monthly totals exceeded February as volatility in a broad range of markets brought strong early month results. After the turbulent market movements in February and March, volatility will likely continue while markets try to discover their true bottom. 

COVID-19 – Working Like We’ve Never Worked Before

Posted by Robert Buxton on Mar 27, 2020 4:03:19 PM

Like many firms across the Globe, the IS Prime team is now working from home and adjusting to a new way of living and working.

“Relationship” Liquidity – Why it Matters

Posted by Jonathan Brewer on Mar 11, 2020 11:20:12 AM

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.

Financial Times Ranks IS Prime as the 15th Fastest Growing Financial Services Company in Europe

Posted by Robert Buxton on Mar 3, 2020 12:11:16 PM

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.

IS Risk Analytics' View From the Desk - February 2020

Posted by Jeff Wilkins on Mar 2, 2020 5:41:00 PM

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.

IS Prime Named in List of Most Influential FinTech Companies 2020

Posted by Robert Buxton on Feb 28, 2020 11:00:00 AM

28 February 2020 –  IS Prime has been named one of the world’s most influential financial technology companies, following nominations by a panel of expert judges from some of the most respected companies in the financial services industry including EY, Lloyds Banking and Baringa.

Three Layers of Defense Against Toxic Flow

Posted by Jeff Wilkins on Feb 25, 2020 12:54:51 PM

In previous blog posts we have discussed how traders sometimes take advantage of unwary brokers by engaging in various forms of malicious activity (such as flooding trade servers with orders), and why it’s critical for brokers to optimise their risk management strategies to minimise their risks.

IS Risk Analytics' View From the Desk - January 2020

Posted by Jeff Wilkins on Feb 6, 2020 1:19:57 PM

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.

IS Prime gets Hong Kong SFC licence

Posted by Robert Buxton on Feb 5, 2020 8:18:07 AM

IS Prime Hong Kong, part of ISAM Capital Markets, has just announced that it has been granted a Type 3 Leveraged Foreign Exchange Trading licence by the Hong Kong Securities and Futures Commission (SFC).

Workflow optimisation, essential for FX brokers

Posted by Robert Buxton on Dec 13, 2019 10:56:33 AM

Good workflow and optimisation go hand in hand. Indeed, the terms are almost synonymous.

Why optimising FX risk management requires a global view

Posted by Jeff Wilkins on Dec 5, 2019 10:23:00 AM

What makes the difference between success and failure in the retail FX marketplace?

How retail FX brokers can optimise across jurisdictions

Posted by Jeff Wilkins on Nov 29, 2019 9:00:00 AM

When the European Securities and Markets Authority (ESMA) introduced its new trading rules in 2018, retail brokers had to rethink their strategies due to the more demanding regulatory environment and the corresponding squeeze in profits. In particular, following the Product Intervention Measures, brokers have been looking beyond Europe in order to diversify their client base and maintain volumes. 

Customised vs Commoditised: Optimise your FX liquidity

Posted by Robert Buxton on Nov 22, 2019 1:56:32 PM

In this article we explore best practices on liquidity management and how IS Prime and the ISAM capital markets group interact with liquidity providers.

IS Prime Reports Strong Financials for the 5th Consecutive Year

Posted by Raj Sitlani on Nov 8, 2019 12:14:12 PM

4th November 2019 – IS Prime has reported continued growth, with a 60% increase in turnover y/e 31 March 2019.

(Re)Defining Prime of Prime – How well do you know your FX Liquidity Provider?

Posted by Robert Buxton on Oct 30, 2019 7:44:42 AM

Liquidity is one of, if not the most important parts of a broker’s business and is one of its key differentiators - without the right pricing in the right products delivered in the right way it is extremely difficult for brokers to survive in this increasingly competitive environment. As a result, the proper assessment and selection of an FX Liquidity Provider is something that brokers should undertake very carefully.

Are Traders Taking Advantage Before They Even Trade?

Posted by Jeff Wilkins on Sep 18, 2019 2:25:23 PM

At IS Risk Analytics, we oversee over 1 Trillion USD in notional volume on a monthly basis. This includes startup brokers, established powerhouses and everything in between.

Within our client books we see all of the tricks malicious “retail traders” use to take advantage of brokers. This includes cross broker arbitrage, malicious Expert Advisors (EAs), spraying the market, spoofing, the list goes on.

IS Prime Connects to TradAir for Price Distribution

Posted by Robert Buxton on Aug 21, 2019 9:20:52 AM

August 21 2019, London and New York - Award winning Prime of Prime and Liquidity Provider, IS Prime has extended its liquidity distribution by connecting to TradAir, a leading provider of FX and Digital Asset trading solutions. 

“True Prime of Prime” adds no value at all

Posted by Jonathan Brewer on Aug 7, 2019 9:47:28 AM

When I sat on a panel at the FX Week conference in London alongside representatives from industry peers, we were all asked  “how does the cost of your service compare to the cost of a Tier 1 PB?”  The response of our peers was unanimous and astonishing, all of them stating that their service will be “a little more expensive” than a Tier 1 PB.  

IS Prime Wins FX Week Award for Best Prime of Prime Provider 2019

Posted by Robert Buxton on Jul 15, 2019 11:02:59 AM

12 July 2019 – IS Prime has been named Best Prime of Prime Provider at the prestigious e-FX Awards, organised by FX Week. The award recognises the most comprehensive and satisfactory service provider in the Prime of Prime space.

Is Your Aggregator a Curse Rather Than A Blessing?

Posted by Jonathan Brewer on Jul 3, 2019 1:17:17 PM

In 2015, I wrote an opinion piece about the inherent inefficiencies of re-aggregation of Prime of Prime feeds and I believe it is a good time to refresh this topic from a different perspective.

IS Risk Analytics Launches Next Generation Risk Engine and Bridge

Posted by Robert Buxton on Jul 2, 2019 11:47:29 AM

Today we are pleased to announce that IS Risk Analytics has released its brand new risk engine and bridge software, an exciting step for the product and team, delivering market leading risk management tools and services to their clients.

Spot Gold Trading - All that Glitters…

Posted by Robert Buxton on Jun 28, 2019 4:02:40 PM

Since early May this year, gold prices have been increasing almost daily, to the extent that we are now at a similar level to the highs of August 2013, in USD terms.

IS Prime identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2019 report

Posted by Robert Buxton on Jun 26, 2019 8:00:00 AM

Report identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) across the UK

IS Prime, leading the way in institutional Prime of Prime

Posted by Robert Buxton on Jun 21, 2019 1:57:23 PM

Today we were delighted to learn that IS Prime has been voted by readers of Profit and Loss as the Best FX Prime of Prime Services Provider, in their 2019 Readers’ Choice Awards, otherwise known as the FoXys.

Don't Manage Risk in a Vacuum

Posted by Jeff Wilkins on Jun 12, 2019 3:49:00 PM

Imagine the situation… you are sitting on the trading desk reviewing activity for the day and you come across a pocket of traders who were able to arbitrage your feed systematically. It has been a few hours since the transactions took place. The traders have already transferred the profits to linked accounts which have since withdrawn the funds. Now you must explain how this happened to your Head of Risk and CEO, who will undoubtedly not be pleased to hear the news.