iSAM Apex adds Scope Prime feeds for different broker trading flows

iSAM Securities said on 29 October that its Apex platform has integrated Scope Prime’s institutional liquidity. Brokers can add the provider’s prices to existing arrangements and control their aggregation and routing through Apex. The announcement describes a completed connection, rather than a future development agreement.[1]

Scope Prime chief executive Daniel Lawrance said the service provides feeds designed for different trading flows, including short-horizon strategies, under one margin profile. The distinction is between how particular flow is priced and how the broker’s collateral relationship is organised; the announcement does not publish the margin formula.[1]

Routing makes the feed selection operational

Apex’s product documentation describes routing rules that can use the instrument, user or user group, trade direction, volume and time of day. Trading source, such as an automated strategy or a mobile application, can also form part of a rule. A broker can consequently express a differentiated hedging policy in the platform instead of applying one routing decision to its entire customer book.[2]

Apex also documents reconciliation between expected and actual positions in internal books and liquidity-provider accounts. Its reconciler flags discrepancies after routing changes, including transfers between externally hedged and internally retained books. That comparison is important because selecting a new feed and accounting correctly for the resulting hedge are separate tasks.[2]

The product and its trading hours remain specific

Scope Prime’s product catalogue separates OTC contracts for difference from direct access to exchange-traded futures, options, shares and ETFs. Those routes provide different exposures: a CFD references an underlying market, while an exchange order enters the relevant venue. A connection to the provider’s liquidity does not turn all of its wider services into the same product or extend every underlying exchange’s opening hours.[3]

The integration release advertises 24/7 gold, silver, oil and selected-equity liquidity. It also specifies maintenance every two weeks on Saturday from 03:30 to 04:00 EST/EDT. The round-the-clock description therefore carries a scheduled interruption.[1]

The announcement supplies no integration tariff or weekend spread schedule. The operational change is that brokers can route different types of flow to Scope Prime through an existing Apex connection.[1]

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