First Prudential Markets
First Prudential Markets, commonly known as "FPM" or "FPMarkets" is an Australian-based investment company that provides over-the-counter (OTC) and exchange traded derivative products including direct market access (DMA) Contracts-For-Difference (CFDs), foreign exchange (Forex) and global futures contracts to its retail and professional client base.
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 provide CFDs, Forex, futures and spread betting across Europe.
Clients
The group's client base is dominated by retail clients as well as corporate and professional, particularly in its Direct Market Access (DMA)CFD business. Within the UK they provide DMA Spread Betting.
Operations
First Prudential Markets claims to provide access to broad range of online trading products and services to retail and corporate clients. Specialising in Contracts-For-Difference (CFDs), First Prudential Markets provides Direct Market Access to largest range Australian Share CFDs. In addition to CFDs it also provides access to shares, futures, foreign exchange (Forex) and warrants. The range of underlying markets includes Australian and international shares, global stock indices, FX, metals, energies and commodities.
Online dealing
In 2005 First Prudential Markets introduced webIRESS, a web-based application developed by IRESS enabling FPM to provide 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. In the UK and Europe they are regulated by the FSA Financial Services Authority