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.

(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.

“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 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.

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.

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.

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