26 Degrees Review Introduction

26 Degrees Global Markets (formerly Invast Global) is an award-winning and trusted liquidity provider specialising in providing high-touch prime services, customised to meet the unique needs of their clients. Building on the success of Invast Global with its decade-long reputation of providing transparent, full-service solutions across multiple asset classes, 26 Degrees continues to offer Tier 1 services and support. The company has a strong regulatory standing being regulated by The Australian Securities and Investments Commission (ASIC). 26 Degrees is headquartered in Sydney, Australia, and has offices in Japan and Cyprus, allowing them to support their clients 24 hours a day, five days a week with a responsive multi-lingual service.

26 Degrees Solutions

26 Degrees is built to power broker-dealers, emerging hedge funds and family offices affected by the continued tightening of access to Tier 1 Prime services and support. With a focus on providing bespoke and innovative solutions, 26 Degrees partners with their international clients to assist in growing their business.

Let's take a deep dive into the broad range of solutions they offer:

Solutions for broker-dealers

• Liquidity Solutions: 26 Degrees provides broker-dealers with bespoke and optimised liquidity streams, tailored to their client’s unique needs. The company offers pricing and execution to over 26,000 instruments across a range of asset classes including FX, precious metals, index and commodity markets and global equities, all available via a single API.
• Execution and Transparency: 26 Degrees offers transparent liquidity and execution analysis, encouraging their clients to analyse execution reports and metrics as often as possible. The company is one of the few publicly listed Prime of Primes offering pre-trade and post-trade TCA/market impact tools for liquidity and executions. This provides their clients with crucial information, allowing for informed decisions on their trade executions and workflows.
• Tech-Focused: The company provides broker-dealers with access to world-class trading tools to ensure their clients have access to robust, resilient and low-latency trading environments across LD4, NY4 and TY3. They also offer a range of ancillary services that allow their broker-dealer clients to streamline operational workflows.
• Market Data: 26 Degrees’ market data solution covers all their Index, Commodity and Single Stock CFD products under a single agreement. With a focus on exchange compliance, the agreement is also customisable and flexible, allowing their clients to pay only for the products they want.
• Reporting: The company supports broker-dealers with their middle-office and back-office solutions. These reporting services can be tailored to their clients’ unique requirements and are aimed at assisting in streamlining their business and assisting with their reporting obligations.
• Risk Solutions: 26 Degrees provides broker-dealers with their own proprietary tools to assist in analysing data to help them optimise their risk management. The tools also allow broker-dealers to understand their own client order flows, including their market impact, volume distribution, and yield.

Hedge-fund solutions

• Tech Focused: Like with broker-dealers, 26 Degrees places a strong emphasis on technology for hedge funds. This includes connectivity to the execution management system of choice and the DMA Portal, which assists hedge fund clients with corporate action management.
• Proprietary Back-Office Reporting: The company helps hedge funds with their unique and customisable back-office reporting. Everything from the delivery method (FIX drop-copy, REST API, SFTP, PDF), to the timing and frequency of reports can be tailored by 26 Degrees to suit the specific needs of their clients.
• Global Coverage: 26 Degrees has trading servers in major banking centres like London, New York, and Tokyo. They also have international offices in Australia, Japan and Cyprus, supporting their clients 24 hours a day, 5 days a week.

26 Degrees Asset Classes

26 Degrees provides an extensive multi-asset product offering to both broker-dealer and hedge fund clients.

For Broker-Dealers

• FX and Metals CFDs: 26 Degrees utilises their vast prime broker relationships with Tier 1 investment banks like Morgan Stanley, JP Morgan, Deutsche Bank, NatWest, and Barclays to curate custom liquidity solutions. Their access to more than twenty banks, non-banks, and ECN liquidity providers allows them to offer highly competitive pricing and fast execution due to their trading servers in LD4, NY4 and TY3.
• Equity Index and Commodity CFDs: With their in-house quantitative pricing team, 26 Degrees have developed a suite of 34 proprietary Index and Commodity CFDs for the institutional API market. The company delivers these as a bespoke solution to meet their clients’ liquidity needs, providing them with highly competitive pricing and the flexibility of fixed or variable spreads. All Index and Commodity CFDs are also covered under the 26 Degrees Market Data agreement, ensuring full exchange compliance.
• Equity and ETF CFDs: With access to over 2000+ stocks from 34 exchanges worldwide and extensive access to borrow thanks to their deep brokering relationships, 26 Degrees offers a complete solution for broker dealers wanting to trade Equity and ETF CFDs. Broker dealers can also get access to competitive financing and the ability to trade fractional equity CFDs.
• Algo Execution: 26 Degrees offers a suite of algos to help dealing desks enter or exit equities risk more efficiently. Their algorithms include VWAP (Volume-Weighted Average Price), TWAP (Time-Weighted Average Price), Iceberg, goal percentage of market volume, smart order routing, and others. These algos streamline processes and can achieve great executions.

This wide range of asset classes and related services shows that how committed 26 Degrees is to meeting the unique needs and liquidity requirements of broker dealers internationally.

For Hedge Funds

• Single Stock and ETF Synthetics: Hedge fund clients of 26 Degrees have direct market access (DMA) to 54 stock platforms around the world. Synthetic exposure allows them to trade long and short directly onto the underlying exchange.
• Equity Algorithm Suite: 26 Degrees also offers a complete set of twelve algorithms to hedge funds. The suite includes TWAP, VWAP, SORTDMA (Iceberg capability), TARGETPOV, Close, Dynamic, NextAuction, NightOwl, NightVision, Pegged, TargetClose, and SORTDMAPP. Each algorithm is designed to meet a certain trading need, such as executing orders evenly over a pre-determined time interval, trading at a certain percentage of market volume or minimising market impact.
• FX and Precious Metals: Hedge fund clients of 26 Degrees can get access to liquidity from more than twenty bank, non-bank, and ECN sources through their oneZero platform. This allows for low-latency pricing on FX and precious metal products.

Award Wins

26 Degrees, under its former brand name Invast Global, has won multiple prestigious industry awards over the past 5 years. See a full list below:

• FX Markets eFX Awards 2023: Best Prime of Prime Broker
• FX Markets Asia Awards 2023: Best FX Prime of Prime
• FX Markets Asia Awards 2022: Best FX Prime of Prime
• Asia Services Awards 2021: Best Boutique Prime Broker
• FX Markets Asia Awards 2021: Best FX Prime of Prime
• Asia Services Awards 2020: Best Boutique Prime Broker
• FX Markets Asia Awards 2020: Best FX Prime of Prime
• Hedgeweek European Awards 2020: Best Specialist Prime Broker
• Hedgeweek Global Awards 2019: Best Specialist Prime Broker
• Hedgeweek Global Awards 2018: Best Specialist Prime Broker
• Hedgeweek Global Awards 2017: Best Specialist Prime Broker

26 Degrees Offices Locations

The liquidity provider is globally recognised, with offices strategically located to cater to clients in various regions.

Australia

• The company was founded and is headquartered in Sydney, Australia.
• Their office is situated in the renowned Rocks area, offering breathtaking views of Sydney Harbour and the Sydney Opera House.
• Address: Level 5, 55 Harrington Street, The Rocks, Sydney, New South Wales, Australia 2000.

Japan

• 26 Degrees has established strong partnerships with major brokerages in Japan.
• Address: 1-5-6, Higashi-Nihonbashi, Chuo-ku, Tokyo 103-0004, Japan.

Cyprus

• With the aim of better serving their European clients in their respective time zones, 26 Degrees has expanded its presence in Cyprus.
• Address: View Point Building, Level 4, 28 October Ave. 261, Limassol, Cyprus.