FXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange and CFD trading, announced today that FXCM Pro is beginning the process of onboarding clients with FlexTrade System’s “MaxxTrader” solution across the LD4 hosting centre.
This announcement follows from the recent news in late 2019 detailing the initial launch of the partnership between FlexTrade and FXCM Pro.
FlexTrade’s MaxxTrader is an end-to-end, dedicated and customization solution covering all products including FX Spot, Swaps, NDFs, CFDs, and Commodities which will be rolled out across all major hosting centres with NY4, TY3 and SG1 following closely behind LD4.
MaxxTrader supplements FXCM’s existing liquidity and execution solutions, providing a significant edge in areas such as bank and non-bank liquidity customization, connectivity between market makers and takers, reporting, and measuring best execution.
These technology partnerships contribute to FXCM Pro’s ability to offer one of the most competitive pricing models in the market. FXCM Pro is continuing to further develop its use of technology to remain a market standard, both in its offering and pricing.
Mario Sanchez, Managing Director & Global Head of FXCM Pro Sales: “When we began working with FlexTrade late last year, our aim was to leverage its innovative technology to provide an efficient trading experience for our FXCM Pro customers. By beginning the process of onboarding clients to LD4, we are taking the next steps in the journey of our partnership and realising our initial aim. Through this partnership, we will be able to provide our customers with enhanced trading execution alongside significant cost-savings through low-latency solutions.
“We look forward to further distributing these benefits to customers as we look to continue the roll-out among the other main data centres around the world.”
Below is an example of last week’s average spreads* on some of FXCM Pro FX pairs and Gold:
Past Performance is not an indicator of future results.
* Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM for the period February 16, 2020 to February 22, 2020. Spreads are variable and are subject to delay. Please note that spreads around trade rollover (I.e. 17 h EST) were not taken into consideration. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.