What is a Prime of Prime? In this day and age in the FX retail world, a Prime of Prime allows smaller FX brokers to take advantage of larger brokers long established relationships with Tier 1 liquidity.
In the aftermath of the 2008 financial crisis, the use of prime brokers has drastically reduced to high risk or retail brokerage firms. As a result, only FX firms that are highly capitalized, like Tradeview, are able to access some of the World’s best liquidity sources. Here at Tradeview, over the last 10+ years we have built strong and trustworthy relationships with some of the World’s largest Tier 1 banks and liquidity exchanges. With over 20,000 live and active FX traders, Tradeview transacts so much volume that our liquidity providers and exchanges that we deal with compete over our business. As a result of the high volume that we send to the banks, in return they are fighting or competing for our business and at the same time providing us with the tightest spreads possible in order to ‘win’ the business and receive the trade. We provide our clients the top of book pricing; the best BID and OFFER from a number of different liquidity sources. By providing the best BID/OFFER we show clients raw pricing (no markups) and we are constantly in the top 2 or 3 brokers in terms of tightest spreads in the industry.
Here is where a smaller FX firm is able to levy our current relationships with our liquidity sources and show their clients the spreads that we have been receiving and have earned over the last 10+ years. Here are some highlights of what you as a broker will be receiving:
- Tight, raw pricing from our liquidity sources (no markups)
- Best BID/OFFER
- Easy to open trading account (approved within 24 hours)
- Low commissions
- Access to Tier 1 liquidity without high deposit size ($100,000 minimum deposit size)
- Higher leverage then banks are able to offer
- Personal 24 hour customer support representative
- Access to a FIX API (Tradeview covers the monthly fixed costs)
The demand for prime of prime services has been increasing year over year and here at Tradeview we are prepared to offer the best technology and tightest spreads that the industry has to offer. By partnering with Tradeview for your liquidity needs, you will be able to save on transaction costs and as a result of the tight spreads and low costs, see a dramatic increase in account openings and trading volumes!
To read more about our Prime services, please visit our TV Prime website: http://www.tradeviewprime.com/
To speak with me regarding liquidity, please do not hesitate to contact me and I will be able to find the best solution for you and your brokerage.
Head of Liquidity