Power of Attorney TradingIG Markets has developed a strong legal and IT framework to help multi-account managers offer a competitive service to clients. With this model of partnership, the introducer takes a large and ongoing role in the client's trading. He may simply execute for the client (for example, take an order and place it through one of our systems), or he may form a trading view (take the position and manage the subsequent risks). In both cases the introducer must be appropriately regulated, and therefore knowledge of the required governmental or industry regulation is essential. IG Markets also requires a warranty that the account manager, who has power of attorney over the introduced clients' accounts, has sufficient authorisation from those clients and has the legal authority to act on their behalf. Managing client accountsOnce you are managing accounts with IG Markets, we can offer you a range of resources. The L2 Dealer platform offers multi-account management, including block-trading of equities. CFD Trader also has a feature called Proxy Dealer which enables the manager to switch between accounts. For analysing positions, AccountView gives a broker or trader an instant overview of all the positions, margin requirements and cash movements over any number of accounts. Any questions? |
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