Trading Execution

Integrity & Reliability

Price reliability and integrity is about ensuring that our prices are in line with market prices.

This means our market mid point is in line with other providers or the underlying markets that the product is based off. This takes into consideration factors such as news events, rollover, periods of illiquidity, fair value and so on.

• We source our prices from a diverse range of counterparties including over 20 different tier-1 banks, non-bank market makers and ECNs.
• We do not create our own price, i.e. we simply stream the prices that we receive from our trading counterparties. This means our clients orders are never visible to our trading counterparties - completely negating this potential conflict of interest.
• We review our prices relative to other providers. For products where we do not have an ‘aggregated’ price and therefore the price is more susceptible to manipulation, e.g. Indices CFDs, we take factors such as fair value and skew into consideration to ensure the fairness and competitiveness of our prices.
• We regularly review all trading counterparties and are always adding new ones to improve our pricing and execution. See the trading counterparties section for more information.

Trading Counterparties

As an ECN, STP and NDD broker, our focus is to find the best trading counterparties for your trades.

Global Prime executes all trades on a back to back, 1:1 basis, with the group parent Gleneagle Securities Pty Ltd. Gleneagle maintains all prime broker and trading relationships for the group. Gleneagle Securities executes trades with the trading counterparties below for Global Prime.

When you request a trade receipt from Global Prime, one of these trading counterparties will always feature - assuming the trade is above the interbank minimum.

• We review our prices relative to other providers. For products where we do not have an ‘aggregated’ price and therefore the price is more susceptible to manipulation, e.g. Indices CFDs, we take factors such as fair value and skew into consideration to ensure the fairness and competitiveness of our prices.
• We regularly review all trading counterparties and are always adding new ones to improve our pricing and execution.

We trade with you as principal

When you trade with Global Prime, we execute your trades as principal since we issue the product to you, i.e. we are the financial services provider giving you the product.

This legal relationship does not mean your trade is not executed by one of the group's liquidity providers, it just means that Global Prime is the legal counterparty to your trade. This legal relationship will be the same wherever you trade unless the broker is an ‘agent’, i.e. They’re a middleman between you and the real broker, who you will trade with as principal. This is generally how OTC markets operate.

Global Prime cannot act as an agent between a trader and the market since this would require the trader to have a relationship with the prime broker, which they could not do without tens of millions of capital behind them. Global Prime can and does facilitate such arrangements for institutional traders that have their own prime broker.

Who is the counterparty on your trades?

Global Prime is the legal counterparty to all of your trades. We are the financial services provider issuing the product to you and we are trading with you as principal.

Global Prime offsets 100% of its market risk with Gleneagle Securities Pty Ltd who in turn offsets most of this risk with its trading counterparties - banks, non-banks and ECNs. See the small trades section above for how small trades are executed.

Despite the fact that we are the counterparty to your trades, we are always able to demonstrate which liquidity provider filled your trades and this is the core difference between Global Prime’s ECN, STP, NDD business model and 99.99% of other brokers.