IG Prime offers brokerage market needs

IG Group, a FTSE 250 global leader in online trading, has today launched IG Prime for institutional clients to address the specific needs of start-up & multi-prime hedge funds and Family Offices.
IG Prime will provide clients with prime brokerage services, such as custody and asset servicing, multi asset-class product offering, synthetic prime, cash equities, which will be supported by an expanded international sales coverage network within IG Prime.
"Institutional clients have been calling for a new challenger, for some time, to enter the prime-brokerage market and offer an innovative and competitive alternative to the incumbent providers," said Fouad Bajjali, Head of Institutional, and CEO, IG Bank SA. "IG Prime will deliver world-class prime brokerage execution for clients through cutting-edge technology combined with access to global markets."
Founded in London in 1974, IG is a trusted global leader in online trading with over 15 years' experience of serving institutional clients. In 2006, IG launched prime brokerage services, delivering tailored solutions for hedge fund managers and family offices ever since.
"IG Prime is yet another example of IG being at the forefront of technological innovation for our clients," said Simon Myers, Chief Technology Officer at IG. "Our advanced trading platforms are engineered for speed, stability and resilience, routinely processing multi-million trades per month and providing access to more than 40 global financial markets."
IG Prime has global resources across 16 countries providing clients with their own dedicated account management team covering business and technology processes. As part of IG's wider strategy of investing for growth, to deliver a more diversified and sustainable business, IG Prime will continue to expand its products and services for clients over the next two years.
"IG Prime will deliver efficiency for clients through its use of cutting-edge technology and product development. We can successfully compete because we will be cost effective, whilst still offering clients deep and sophisticated product access with a personal touch," said Max Hayden, Global Head of Institutional Sales at IG Group. "Hedge Fund clients are more focused on cost than ever as the industry has gone mainstream, but they still want the comfort of a secure well capitalised counterparty."
IG Prime gives hedge fund managers and family offices access to the full spectrum of prime brokerage services across synthetic, custody, trading and financing solutions. The business combines web-based trading with real-time reporting and is supported by IG's strong global client support network.