Chris Twort
Chris Twort

Spotlight: IS Prime’s Agency Execution business

FCA regulated IS Prime is renowned for its breadth of services. In addition to being one of the fastest growing and most successful Prime of Prime brokerages, the firm also provides multi-asset execution across Tier 1 aggregated liquidity venues and has a highly reputable Agency Execution business which offers a compelling service to institutional clients. e-Forex talks to Chris Twort, who heads up IS Prime’s Agency Execution business, to find out more.

Tell us about your background and your role at IS Prime.

I joined IS Prime when the firm was founded in 2014, having spent 20 years as a Spot FX Trader in a range of banks including UBS, Rabobank and Royal Bank of Canada. My initial role was to get the Agency Execution business off the ground and subsequently my remit has been to develop and grow it. 

What is the Agency Execution service that you offer?

It’s a separate technology and liquidity environment which has been created specifically for our institutional client base, leveraging the strong relationships which our Prime of Prime business has with top tier banks whilst also utilising the impressive technology resources of ISAM’s hedge fund business. We have an agency platform, which is backed by a leading UK banking institution on the basis of a centrally cleared model. We offer liquidity via an API or GUI, with a multitude of execution order types and extensive algorithmic capabilities. We can provide clients with a deep, anonymous and unique liquidity solution, with competitively priced liquidity from the major market making banks, non-bank LPs and selected ECNs. It’s a highly customised service tailored to specific client requirements.

Who is the service aimed at?

Hedge funds, mid-tier and smaller banks as well as voice traders. The combination of our technology, liquidity and experience has resulted in us growing a prestigious client base. As a result of our extensive technological capabilities, our team can work with a broad spectrum of technology including clients’ proprietary platforms and all third party vendors. 

What are your future plans?

We are continuing to expand our team and in 2018 are aiming to widen our product range as well as to grow our client base. Our initial focus has been on building the business in the UK and Europe but we now have plans to leverage the firm’s relationships in other regions such as North America, the Far East and Middle East.