Global Prime Dramatically Improves CFD Spreads With New CFD Liquidity
SYDNEY, June 9, 2020 (Newswire.com) - 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
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.
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: Global Prime
