“ Comes with Market depth and NDF ”
IKON Platinum offers a superior execution engine and efficient pricing mechanism. The user friendly design is combined with a full suite of trading support tools including charts, technical studies, news and Market depth. Risk management includes real time p/l and margin information, pre-order margin check and auto rejection features.
Platinum FX Trading
Ikon GM offers thirty-six spot foreign exchange pairs and if requested their reverse parities. Live streaming executable rates, integrated currency reports and high speed order execution are key features of the platform. IKON Platinum also offers Multi layer Market depth and 7 different order types for trading FX. Liquidity is provided by some of world’s largest banks. In addition, ECN solutions with fixed commissions are also available.
Spot Bullion Trading
Spot Bullion trading has never been easier. With Ikon Platinum, you will be able to do charting and technical analysis, follow fundamental reports and enjoy the first ever Market depth on Spot Bullion. Minimum Quantity is 20 Ounces for spot Gold and 1,000 Ounces for spot Silver. We offer streaming two way live prices. There is no dealer intervention and no re-quotes. In addition, with the direct integration to the options platform, platinum clients will be able to access options on Bullion.
Non Deliverable Forwards
IKON initially offers liquidity in the Brazilian Real, russian ruble, Colombian Peso and indian rupee in up to three months via our proprietary NDF RFQ system . The system will provide streaming indications for the pairs and allow customers to select a maturity and obtain a tradeable quote.
A non-deliverable forward (NDF) is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is used in various markets such as foreign exchange and commodities. NDFs are prevalent in some countries where forward FX trading has been banned by the government (usually as a means to prevent exchange rate volatility). The NDF market is an over the counter (OTC) and trades using the following standard terms / conventions
• the notional amount: This is the "face value" of the NDF, which is agreed between the two counterparties. It should again be noted that there is never any intention to exchange the notional amounts in the two currencies
• the fixing date: This is the day and time whereby the comparison between the NDF rate and the prevailing spot rate is made.
• the settlement (or delivery) date: This is the day when the difference is paid or received. Depending on the currencies dealt, the fixing date is one or two good business days before the settlement date.
• the contracted NDF rate: This is the rate agreed between the two counterparties on the transaction date, and is essentially the outright forward rate of the currencies dealt.
• the prevailing spot rate: The fixing spot rate on the fixing date is usually provided by the central bank, and is commonly calculated by calling a number of dealers in the market for a quote at a specified time of day, and taking the average. The exact method of determining the fixing rate will be agreed when a trade is initiated, but most NDF markets have their own conventions
Managed Accounts
Ikon GM offers two different solutions to money managers via Ikon Platinum. The ‘Broker’ setup allows users to place orders to multiple managed accounts via pick and choose from a drop-down menu. In this sense the money manager account does have access to all underlying accounts from a single login.
The ‘Percentage Allocation MM’ setup on the other hand allows the money manager to allocate his sub accounts filled orders. A previously configured allocation guides how every trade gets distributed among sub-accounts. Method is especially used by larger pool operators.
Embedded Backoffice
Ikon GM provides a direct backoffice access to all its Platinum users. System consists of daily and monthly statements, reports, trades details, swap charges table and personal information. Backoffice system is integrated and can be directly accessed from the Platinum system under ‘statements’ tab. All journal and wire entries are also logged on the system on a daily basis.
Integrated Support
Ikon GM offers 24/7 support to its customers. From Ikon Platinum, users have direct access to detailed manual, a demonstration video on how to use the systems, a direct access to search our libraries for frequently asked questions, E-support system to place online inquiries and opportunity to chat with a live support personnel instantly from the program. When building relationships with our clients, we pride ourselves in assisting them on a timely basis.
