FXCM Integrates CFD Pricing into FlexTrade’s Technology
New York – January 25, 2016 – FXCM Inc. (NYSE:FXCM) (“FXCM” or “the Company”), a leading online provider of foreign exchange (FX) trading and related services, with FlexTrade Systems Inc., a global leader in high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income, today announced the integration of FXCM’s CFD pricing into FlexTrade’s technology. FXCM through FXCM Pro focuses heavily on its wholesale business, which services brokers, funds, and emerging market banks. The offering provides a bevy of products including indices, energies, treasuries and precious metals.
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.”
Mulvihill added, “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.”
According to Manish Kedia, Managing Director of FlexTrade APAC in Singapore, integration of FXCM’s CFD pricing into FlexTrade’s OMS and retail trading solution is a best of both worlds arrangement for the company’s brokerage clients. “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.”