London, Sydney, Johannesburg, 10th Aug 2020 – FXCM Pro, the institutional arm of theFXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), has partnered with Devexperts, a software developer for the financial industry, to provide liquidity to its innovative trading platform, DXtrade.
DXtrade launched in May 2020 and is a new off-the-shelf trading platform for forex and CFD brokers, FXCM Pro becomes one of the first major names to onboard onto the trading platform as an institutional liquidity provider.
Off-the-shelf trading platforms provide significant efficiency benefits as brokers are able to be up and running on the platform in a matter of days. However, incumbent platforms are burdened by legacy technology and are reliant upon multiple third-party vendors to ensure operability, increasing operational risk.
DXtrade’s Software-as-a-Service (SaaS) off-the-shelf trading platform offers many of the benefits available from existing bespoke platforms, but with the efficiency of an off-the-shelf platform. It allows for full customisability, with brokers being able to determine everything from the layout and set-up, including the back-end configurations and user interface.
As a market-leading provider of institutional liquidity FXCM Pro will provide multi-asset liquidity to retail brokers utilising DXtrade.
Conor O’Driscoll, VP of OTC Platform at Devexperts, commented:
“FXCM Pro is the primary source of multi-asset liquidity for many brokers worldwide. Their excellent service, coupled with Devexperts’ knowledge in building trading platforms and integration for our clients into DXtrade, results in a turn-key and affordable solution for new entrants launching their forex or CFD brokerage.”
Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales, commented:
“If the previous six months have shown us anything, it is that brokers’ technology has to be the greatest area of focus. With trading volumes hitting peaks during the volatility that the market experienced, brokers need to ensure that when instances like this happen and interest from traders grow, they can capitalise by onboarding clients quickly and efficiently.
“Access to competitive pricing is central to this. Partnering with Devexperts ensures that new entrants into the broker market are able to access world-leading liquidity from FXCM Pro through a truly innovative trading platform.”
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 realtime 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
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