In a move aimed at expanding its presence in the Asia-Pacific (APAC) market, iSAM Securities, an algorithmic trading firm, has forged a strategic partnership with PrimeXM, a leading technology provider in the financial sector renowned for its offerings including MT4 and MT5 bridging and white-label solutions.
Utilizing PrimeXM's infrastructure, iSAM Securities underscores that its collaboration seeks to bolster trading capabilities and meet the changing demands of its client base. The integration of its proprietary FX pricing solution into PrimeXM's SGP XCore platform marks a pivotal step. This venture is poised to establish a fresh connection hub in Singapore for the company.
Sam Johnson, the Managing Director at iSAM Securities, said: “We are thrilled to partner with Prime XM and continue to expand our footprint in Asia. This integration not only enhances our trading capabilities but also reinforces our commitment to providing clients with cutting-edge solutions tailored to their needs”.
The partnership between iSAM Securities and PrimeXM strategically places the firm to address the increasing demand for trading services in the Asia-Pacific region, leveraging Singapore's global financial significance alongside iSAM Securities' established presence in Hong Kong.
In February, iSAM Securities made a significant addition to its team by appointing Aaron Brown as Sales Director. With over two decades of sales experience, Brown's expertise is expected to drive iSAM Securities' global presence forward. Brown's extensive career journey spans various notable institutions within the financial sector. His most recent position was Head of Institutional Sales MENA at IXO Prime, a liquidity provider brand under INFINOX Global.
During the fiscal year ending June 2023, iSAM Securities UK, the UK division of iSAM Group's trading arm, faced an 11% decline in revenue, attributed to subdued trading conditions. Despite this setback, the company has emphasized an investment program geared towards unlocking substantial expansion prospects in 2024. In response to changing client demands, iSAM Securities UK is gearing up to introduce customized solutions aimed at enriching its services and reaching a wider clientele.