London based Prime-of-Prime brokerage IS Prime has announced that it has created a new spread index swap offering, allowing clients of the ISAM Capital Markets Group to trade indices and oil with variable spreads.
The company said that this latest development provides clients with even more competitive pricing and more accurately reflects the market conditions and available liquidity in these products. It is part of the Group’s broader strategy to launch a range of new products, adding further value to brokers, hedge funds and professional trader clients.
Barry Flanigan, Head of Distribution and Liquidity, IS Prime says,
“Traditionally, Liquidity Providers offer fixed spreads on indices and oil but we have seen increasing demand from clients for variable pricing. We developed our product in this area for a particular client and are rolling it out on a wider basis to enable more clients to benefit from the competitive pricing available through this model. This is a great example of how we evolve and develop our products in response to client demand.”
The ISAM Capital Markets Group offers full service brokerage and execution via its cutting edge proprietary technology. The Group provides aggregated pricing sourced primarily from Tier one institutions.