Axiory To Go to Market with IS Prime 

Oil has become an increasingly attractive commodity to invest in, amid unprecedented price moves.  Foreign Exchange Broker Axiory revealed that it will be launching new oil products, US Oil Index and UK Oil Index. 

In particular, it is the first to go to market with IS Prime’s new products. These are the products that aim to combat negative oil prices whilst still giving traders exposure to the asset. 

Both the US Oil Index and the UK Oil Index are rebased at $100. Meaning, should IS Prime’s proprietary spot price fall into negative territory, say $-5USD, the pricing will reflect this at $95.

Chief Executive Officer of Axiory, Roberto d’Ambrosio said, IS Prime has come up with these products. They think it’s the way to both protect clients and give them the opportunity to take advantage of the market.

The new product, in d’Ambrosio’s opinion, allows the broker to minimise risk and maximise the opportunity for its clients. The CEO also highlighted that the product reduces operational risks.  It is harmonious with broker’s trading systems because prices won’t go negative. 

Being an index and not a future, it will have a smoother behaviour. It’s still with a lot of volatility when this will happen during the settlement. 

But it will be without the incredible impact it could have if the product was based directly on the future. This refers to the future expiring the day that you have to roll it over.

Axiory Educates Traders

As Axiory launches the product, alongside, it will continue to provide its clients and traders with plenty of educational materials.This includes those who aren’t clients of the broker. 

This is to ensure its users are aware of the risks and what’s happening on the market at present.

They believe educating traders is something that is very important. It will be increasingly important going forward.

They think it’s healthy for the whole industry that clients are aware of what they’re doing. This is even if clients are trading with other brokers.