iSAM Securities announced a connection between its Apex infrastructure and LMAX perpetual-futures liquidity on 26 October. The company statement, distributed by TradeInformer, lists 22 contracts: Bitcoin, Ether, gold and 19 other crypto references. It describes market-set funding every eight hours and leverage of up to 100:1. These are supplier specifications, not independently measured execution results.[1]
What the connection changes
| Item | Detail |
|---|---|
| Apex | Access alongside a broker’s other liquidity sourcesSource 1 |
| Perpetual tenor | No fixed expiry; margin and funding remain relevantSource 1 |
| Trading hours | Advertised round-the-clock access, subject to applicable termsSource 1 |
| Client permissions | Determined by the serving entity and the customer instrumentSource 1 |
ESMA’s February statement says products described as perpetual futures can fall within national CFD intervention measures when they meet the legal definition. Leverage restrictions, margin close-out, negative-balance protection and risk warnings are therefore relevant where those measures apply. The product’s name alone does not determine its regulatory treatment.[2]
For a broker, the implementation question is how the wholesale hedge maps to the client’s actual contract: margin, funding, symbol specifications and operating hours must agree. The announcement supplies no controlled evidence of lower customer costs. A useful assessment would compare actual fills and financing under the proposed client terms.[1][2]
Sources & further reading
- iSAM Securities statement on Apex connectivity to LMAX perpetuals iSAM Securities, distributed by TradeInformer · 26 Oct 2026 · Accessed 27 Oct 2026
- Reminder on CFD product-intervention obligations ESMA · 24 Feb 2026 · Accessed 27 Oct 2026