26 Degrees celebrates Pairs CFDs and looks to enhance US Equity CFDs

Original Article posted on Finance Feeds 12/12/2024:

The Finance Magnates London Summit (FMLS) 2024 once again brought together the brightest minds and companies in trading and fintech.

Among the standouts was 26 Degrees (formerly Invast Global), the Sydney-headquartered multi-asset prime brokerage firm blending innovation and market savvy. In a conversation with Nikolai Isayev, Editor-in-Chief of FinanceFeeds, the firm’s executives shared their journey, strategies, and plans for the future.

26 Degrees reinforces commitment to Cyprus

At the iconic Shard in London, 26 Degrees hosted a client event for over 100 of their closest clients, partners and friends. Liam Smith, the UK Chief Operating Officer, described the gathering as a unique opportunity to foster global relationships. He emphasized how such events help bring team members, often separated by geography, together in a meaningful way. Anthia Christodoulou, Head of Legal & Compliance for EMEA, echoed this sentiment, highlighting the personal connections formed with clients and vendors that set the foundation for strong partnerships.

The conversation then turned to Cyprus, a key operational hub for the company which has experienced some changes in its organisational structure, to better align with its strategic priorities.

Anthia explained that recent staffing changes were part of a broader strategy to optimize global operations and realign core objectives for the Cypriot team and the broader global company. , She emphasized that the Cyprus office remains integral to the Company’s commitment to delivering the highest degree of compliance and operational excellence.

Liam, who previously worked in the Cyprus office for three years underscored this commitment, stating that Cyprus continues to be a cornerstone of its client engagement strategy. “I’d like to add that Cyprus remains a crucial location for 26 Degrees. We have a talented team there and strong relationships with local clients.”

Strong demand for “Pairs CFDs”, particularly for gold-based pairs

One of the most intriguing topics was Pairs CFDs, a product reshaping trading experiences. James Alexander, Group Chief Commercial Officer explained how these instruments allow traders to speculate on the relative performance of two assets. From gold-based pairs to equity combinations, these products have proven immensely popular. Brokers have praised their simplicity and versatility, making them a standout innovation in an increasingly competitive market.

Liam Smith echoed James’ comments, noting the company was surprised with how much demand there was for gold-based pairs from brokers wanting to be the first to market. “The appeal comes from the familiarity of gold which makes the pair thematic easy to comprehend, but personally, I think Risk managers should be the most excited because it gives a chance to differentiate the concentrated gold exposure into other instruments.”

26 Degrees eyes extended US trading hours for equity CFDs

Compliance was another area of focus, with Anthia outlining the company’s rigorous approach to market data transparency. She stressed the importance of working with reputable providers to ensure licensed data and highlighted ongoing collaborations with exchanges to maintain the highest standards.

With a strong commitment to innovation, compliance, and localised client support, 26 Degrees demonstrated why it’s a leader in the trading industry. FMLS:24 provided the perfect stage for the company to share its vision, leaving attendees eager to see what’s next.