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ICAP FX Prime

From now on you'll never be beaten on price

ICAP FX Prime enables customer banks to view and trade on the best prices available to the world's leading FX banks on ICAP FX Spot – prices that might otherwise be unavailable to them – by enabling them to see the market through the pre-screened credit of an ICAP Prime bank. This gives them the confidence that they are seeing prices that are best in the market and that they are accessing liquidity at its source.

ICAP Prime customers contract directly with ICAP Prime banks to use their credit and trade on the best ICAP FX Spot prices. The commercial arrangement between the ICAP Prime customer and the ICAP Prime bank is independent of ICAP. Customers negotiate and pay a fee to their ICAP Prime bank, typically in the form of a spread added to the dealt price on the ICAP Prime customer's deal ticket. They also pay a standard transaction brokerage fee to ICAP.

Benefits to ICAP Prime customers include:

Access to the same liquidity available to the EBS platform's top tier banks
Ability to see and trade on prices previously unavailable due to limited bilateral credit relationships
Access to tighter prices and a greater depth of liquidity from the world's leading market making banks, leading to improved competitive position in the market
Continuous price stream of more competitive prices
Increased probability of execution of orders (deal on your bid/offer)
Increased revenue opportunities

ICAP FX Prime for the professional trading community

ICAP FX Prime is also available to the non-bank professional trading community (PTC), providing that community with access to the world's leading provider of spot FX and market data trading solutions.

By utilising the credit of an ICAP Prime bank, the PTC can enjoy a range of benefits including:

Increased revenue opportunities
Enhanced competitive position in the global trading arena
Ability to see and trade on prices previously unavailable
Access to tighter prices and a greater depth of liquidity from the world's leading market-making banks
Access to superior liquidity and exceptional market data
Straight through processing and auditing capabilities
Increased opportunities to service own client base better
Increased probability of execution of orders

The ICAP FX Prime offering for the PTC can also enable model-driven trading for customers who want to trade smaller deal sizes, at higher frequencies. To ensure consistent and orderly access to the global FX marketplace, normal ICAP FX Prime dealing rules apply.

The FX market data sourced from the EBS platform is invaluable for those customers who use automated trading models. Live market rates are available for traders to test their models. PTC customers contract directly with an ICAP Prime bank to utilise that bank's credit and trade on the best ICAP FX Spot prices. Customers negotiate and pay a fee to their ICAP Prime bank, typically in the form of a spread added to the dealt price on the customer's deal ticket. They also pay a standard transaction brokerage fee to ICAP.

Access to exceptional market data

Global market price distribution relies on ICAP FX Spot - the purest source of the world's spot FX prices - for FX spot data on all major currency pairs.

ICAP Spot FX market data solutions include:

ICAP FX Live (live streaming prices delivered with minimum latency direct from the EBS platform to the customer's market data distribution platform)
ICAP FX Ticker (third-party system distribution of pricing from the EBS platform)
ICAP FX Ticker Direct (direct distribution of pricing from the EBS platform)
ICAP FX Rates (desktop view of ICAP FX Spot prices, available exclusively through the BLOOMBERG PROFESSIONAL® service)
ICAP FX Data Mine (unique and certified historical data of all currencies traded on the EBS platform)
ICAP FX Market Data Mobile (real-time financial information on mobile devices and phones)

Our market data solutions are designed for a variety of uses, including:

Populating analysis programs and models
For internal display
For instant portfolio evaluation
The creation and storage of historical databases

To find out more about how ICAP FX Prime can add value for your organisation, contact the ICAP FX Sales team. Click here to find out more about the features and benefits of ICAP FX Spot.

E-trading - Asia: +65 64 24 8303
E-trading - Europe: +44 (0)20 7029 9171
E-trading - Japan: +81 3 5511 6696
E-trading - Americas: +1 212 521 4655