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Screenshot of a breaking news alert e-mail from Q2 2017
FXCM Inc (NYSE:FXCM), an online provider of Forex trading and related services, today announces the integration of its CFD pricing into the technology of FlexTrade Systems Inc., a provider of high performance execution management and order management systems.
FXCM through FXCM Pro concentrates on its wholesale business, which services brokers, funds, and emerging market banks. The offering provides a variety of products including indices, energies, treasuries and precious metals.
Brokerage clients using FlexTrade’s Order Management Systems (OMS) and retail trading solution can now utilize FXCM’s wholesale CFD pricing and liquidity to redistribute to their own clients alongside FX, enabling the broker to manage their risk and outgoing price feeds all through one single technology platform.
Brandon Mulvihill, Global Head of FXCM Pro stated,
“We are absolutely thrilled to partner with FlexTrade, a truly innovative and adaptive technology provider in the space of retail broking. Of the top tier FX aggregators, FlexTrade has been among the first of its kind to recognize fundamental differences that exist between price making in FX and CFDs. Their comprehension of structural distinctions with respect to clearing and redistribution of market data allowed us to collaborate together in a way that precisely addresses demand from the brokerage community.”
“FlexTrade’s superior FX aggregation technology, coupled with FXCM’s dominance in supplying unique, wholesale CFD liquidity delivers a powerful offering to broker customers who require best in class across their technology and liquidity needs.”
Manish Kedia, Managing Director of FlexTrade APAC in Singapore, said,
“When it comes to CFDs, FXCM is ahead of the curve in terms of liquidity and pricing. And when you combine it with our own technology, it’s a win-win situation for clients interested in a comprehensive brokerage solution for FX, Precious Metals and CFDs.”
You can view the announcement from FXCM by clicking here.