- First Prudential Markets
First Prudential Markets, commonly known as "FPM" or "FPMarkets" is an Australian based investment company offering over-the-counter (OTC) and exchange traded derivative products including direct market access (DMA) Contracts-For-Difference (CFDs),
foreign exchange (Forex) and globalfutures contracts to its retail and professional client base. First Prudential Markets is a market leading DMA CFD and Forex provider.In December 2007 FPM became a member of the
Australian Securities Exchange (ASX) and introduced the world’s first exchange traded Contracts for Difference (ASX CFDs) to its product listing.International Expansion
In January 2008, First Prudential Markets European headquarters were established in the UK providing a springboard to offer CFDs, Forex, futures and
spread betting across Europe.Clients
The Group's client base is dominated by retail clients, particularly in its Direct Market Access (DMA)CFD business.
Operations
First Prudential Markets offers a wide range of financial products and services to its retail and corporate customers. In addition to its core business of Contracts-For-Difference (CFDs), First Prudential Markets other principal products and services include:
* Futures
* Spread Bet
* Foreign Exchange (Forex)
* Funds
* BondsThe range of underlying markets currently includes:
* Australian and international shares
* Global stock indices
* FX
* Metals
* Energies
* Commodities
* Options
* Interest ratesOnline Dealing
In 2005 First Prudential Markets introduced "webIRESS", a web-based solution developed by
Iress Market Technology enabling FPM to offer online dealing to its retail and professional client base. First Prudential Markets client base increased significantly with the introduction of online dealing and now more than 90% of transactions are executed online.Regulation
First Prudential Markets is regulated by the Australian Securities and Investments Commission (ASIC) in Australia.
External links
* [http://www.fpmarkets.com.au First Prudential Markets (FPM) Homepage]
* [http://www.iress.com.au Iress Market Technology Homepage]
* [http://www.asx.com.au Australian Securities Exchange Homepage]
* [http://www.asic.gov.au Australian Securities and Investments Commission Homepage]
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