FxPro, one of Europe’s largest retail FX firms (and a member of LeapRate’s Approved List of Forex firms), has expanded its recently-introduced ECN platform by partnering with Integral for its liquidity aggregation solution, and with Traiana (an ICAP company) for its post-trade matching-of-trades solution.
FxPro’s announcement continues a trend we are seeing recently, of increased price competition in the retail Forex sector. As markets mature, retail Forex firms are beginning to compete more on the basis of price – that is, offering (and delivering) lower spreads.
And while it is one thing for a Forex firm to say “we offer lower spreads” – virtually every retail FX firm does advertise something of the sort – it is another thing to actually deliver. And to deliver, on a consistent basis and in good and bad markets, the promise needs to be backed up by the right technology. A Forex firm which does not connect itself and its clients to the deepest sources of liquidity will simply not be able to deliver low spreads across a variety of trading instruments.
The investment which FxPro is making in these combined solutions should result in FxPro clients having access to deeper liquidity and tighter spreads.