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.
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.
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 The traders have already transferred the profits to linked accounts which have since withdrawn the funds.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.