Prime brokerage and execution venue, IS Prime, which is a part of the ISAM Capital Markets Group, announced on Thursday that its liquidity has been integrated by the multi-asset trading platform operated by Fortex Technologies.
The official press release shared with Finance Magnates detailed that the group will offer the liquidity of its FX, bullion and index swap via Fortex’s platform and solutions.
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“Our partnership with Fortex provides us with an additional global distribution channel,” IS Prime’s Distribution and Liquidity Head, Barry Flanigan said in a statement.
“It builds on our strategy of connecting to the key platforms in our industry, ensuring that IS Prime’s liquidity is easily accessible to as wide a pool of brokers, banks, hedge funds and professional traders as possible.”
Meeting the Institutional Liquidity Demand
Fortex Technologies was established in 1997, and it made quite a name in the institutional trading industry with offerings that include FX, equities and crypto instruments. The primary client base of the company is regional banks, hedge funds, asset managers, broker-dealers and professional traders.
“Our newly released XForce 2.0 multi-asset trading platform packs liquidity aggregation, order and risk management, MT4/5 Bridges, FIX API, hosting and multiple trading GUI in one valued SaaS offering,” Fortex Chief Executive, Daniel Chen added.
“It is broker-neutral and liquidity agnostic, with a sole mission to facilitate interconnectivity of our global clients to their best trading counterparties. Having IS Prime joining this open and collaborative financial ecosystem is a significant step towards that goal.”
Meanwhile, IS Prime is aggressively expanding its industry presence by enhancing its products and liquidity distribution. Furthermore, the group’s profits tripled in the 2020 financial year.
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