Australian-based Global Prime
(www.globalprime.com) introduces a specialist non-bank CFD liquidity
solution to dramatically reduce CFD spreads and improve fill rates. The
new offering, which is available to retail and institutional clients,
presents an ideal environment to support all types of client trading
strategies including EA traders, scalpers and news traders.
CFD liquidity providers (LPs) present a unique challenge for Forex
and CFD brokers since no two LP's prices and products are the same, and
there is no central counterparty through which to clear trades. This
means the traditional prime brokerage model used for other OTC markets
such as Foreign Exchange is not possible, and a single counterparty is
typically used for pricing and execution on a per product basis. Head of Trading and Institutional for Global Prime, Elan Bension
added Finding a CFD liquidity solution that is the right fit for our
business model has been a significant challenge, taking over three
years! The introduction of a quantitative specialist non-bank CFD
liquidity provider, has dramatically reduced the spreads we provide to
our clients, improved their fill rates during all market conditions, and
stopped queries relating to adverse pricing events. Our focus has now
shifted to bringing this product to institutional clients including
brokers and funds. The new setup which has been live since October 2019 has seen the
average spread during market hours improve considerably, while spreads
as low as 0.5 points can be seen on the GER30 (DAX) and 1.2 points on
the US30 (Dow). Fill rates have also improved markedly from 72% to over
99%. This pricing and execution quality comfortably rank Global Prime
among the best in the world across these products. The tighter spreads provide lower overall transaction costs while
decimalized pricing improves accuracy and transparency. Further
enhancements include the support of micro contract sizes which allow
traders to take smaller and more precise positions, for improved risk
management. Retail traders can access these products through the MetaTrader 4 and
TraderEvolution trading platforms, while institutional clients can
access via FIX API. The range includes 13 of the most liquid Global
Stock Indices and 3 Commodities markets including Oil and Natural Gas. About Global Prime Traders chose Global Prime for its world class pricing and execution,
institutional grade post-trade transparency as proof that Global Prime
does not trade against its clients, and its focus on community
interaction through its public Discord chatroom, where Global Prime and
its clients talk trading and markets 24/7. CFD trading is high risk and is not suitable for everyone. Please
review the Global Prime PDS, available from our website, to ensure you
fully understand the risks involved before trading. Web: www.globalprime.com Email: marketing@globalprime.com Phone: +61 (2) 8379 3622 Global Prime Pty Ltd, ABN 74 146 086 017, holds an AFSL (no. 385620) to carry out financial services in Australia. Source - https://www.newswire.com/news/global-prime-dramatically-improves-cfd-spreads-with-new-cfd-liquidity-21156188
Sydney headquartered Forex and
CFD provider Global Prime aims to set a new standard in online trading
through the promotion of trading conditions that empower traders.
Company Name | Contact Person | Contact Number | Email Id | Website | Address |
---|---|---|---|---|---|
GLOBAL PRIME PTY LTD |
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