Sunday, October 13, 2019

FXCM PRO PARTNERS WITH FLEXTRADE ON TECHNOLOGY

LONDON and SINGAPORE, Oct 9 (Bernama-GLOBE NEWSWIRE) -- FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading and related services, together with FlexTrade, a global leader in high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income, announced a technology partnership for FXCM’s institutional business and FlexTrade’s “MaxxTrader” solution.

FXCM, through FXCM Pro, provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.

Siju Daniel, Chief Commercial Officer of FXCM Group, noted: “We are thrilled to partner with FlexTrade, a truly innovative and leading technology provider in the space.” Daniel added: “MaxxTrader is an End-to-End, dedicated and customizable solution covering all products including FX Spot, Swaps, NDFs, CFDs and Commodities across all the major hosting centers including NY4, LD4, TY3 and SG1.

“This, coupled with FXCM’s leadership in supplying unique and tailored bank and non-bank liquidity, delivers a powerful offering to clients who require best in class across their technology and liquidity needs. FXCM Pro further differentiates itself by adding FlexTrade to its existing suite of robust solutions.”

Manish Kedia, Managing Director of FlexTrade APAC, stated: “FXCM is a leader in this space and ahead of the curve in terms of liquidity and pricing.  And when you combine it with our “MaxxTrader” solution, it’s a win-win situation for clients interested in a comprehensive solution.

“FXCM Pro’s long-standing reputation of being fully client oriented made our decision to integrate with them an easy one. We are a firm believer in FXCM Pro’s vision and look forward to further collaborations.”

About FlexTrade:

Founded in 1996, FlexTrade Systems is the global leader in high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income.

A pioneer in the field, FlexTrade is internationally recognized for introducing FlexTRADER, the world’s first broker-neutral, and execution management trading system, which allows clients to completely control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies.

“MaxxTrader” is a comprehensive White Label solution offering Desktop, Web and Mobile apps, along with distribution on the FIX API and integration with all the major distribution channels. It covers an end-to-end workflow that includes Aggregation, Price creation, Distribution, Order Management, Margin Engine, Risk Management and Auto-hedging strategies. It has an out-of-the box Algo suite such as TWAP, VWAP and Basket trading, that can be used internally and offered directly to clients.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Trading Forex/CFD's on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. LimitedFXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services GuideProduct Disclosure Statement, and Terms of Business. The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.

Read full disclaimer.

Media contact:

Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com

Source: FXCM Group

--BERNAMA

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