FXCM to Deliver Liquidity to Protrader Brokers through FIX API
- FXCM has partnered with the developers of the Protrader platform PFSOFT to deliver liquidity through FIX API.
FXCM Inc. (NYSE:FXCM), the online brokerage for foreign exchange and CFDs trading, has unveiled a new partnership that is directly aiming at brokers that use one of the best alternatives to MT4. The company will provide access to PFSOFT's Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Protrader through the FIX API protocol.
The solution which PFSOFT has been developing over the past couple of years has been acclaimed by professional and retail traders alike, and the new trading platform offering with FXCM Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term will be delivering price quotes on both CFDs and foreign exchange instruments.
Commenting on the new partnership, the Global Head of Business Development, Roman Nalivayko, said: "Combining the Protrader solution with FXCM's robust liquidity we have created one of the world's leading trading solutions for FX and CFD brokers."
The FIX API protocol has been established as an industry standard and the solution from FXCM Inc and PFSOFT brings to the market a strong alternative to rather standard MT4 offerings.
The Managing Director of FXCM Pro, Brandon Mulvihill, elaborated: "PFSOFT is a long time specialist in the field of multi asset platform functionality. FXCM's FX execution performance handles on average over 500,000 trades per day, and our newly developed enhanced CFD execution model was built to handle automated trading on products such as index CFDs."
"As brokers today mandate best in breed models, the combination of FXCM's FX and CFD expertise coupled with PF SOFT's array of instruments offered is an extremely robust and powerful combination for brokers globally," he explained.
FXCM Inc (NYSE:FXCM) has also highlighted in its announcement that it stands ready to offer credit facilities to qualified Protrader brokers. The company has recently upgraded its market making technology for CFD trading, enabling scalpers and algo traders to trade index CFDs without trade restrictions.
FXCM Inc. (NYSE:FXCM), the online brokerage for foreign exchange and CFDs trading, has unveiled a new partnership that is directly aiming at brokers that use one of the best alternatives to MT4. The company will provide access to PFSOFT's Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Protrader through the FIX API protocol.
The solution which PFSOFT has been developing over the past couple of years has been acclaimed by professional and retail traders alike, and the new trading platform offering with FXCM Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term will be delivering price quotes on both CFDs and foreign exchange instruments.
Commenting on the new partnership, the Global Head of Business Development, Roman Nalivayko, said: "Combining the Protrader solution with FXCM's robust liquidity we have created one of the world's leading trading solutions for FX and CFD brokers."
The FIX API protocol has been established as an industry standard and the solution from FXCM Inc and PFSOFT brings to the market a strong alternative to rather standard MT4 offerings.
The Managing Director of FXCM Pro, Brandon Mulvihill, elaborated: "PFSOFT is a long time specialist in the field of multi asset platform functionality. FXCM's FX execution performance handles on average over 500,000 trades per day, and our newly developed enhanced CFD execution model was built to handle automated trading on products such as index CFDs."
"As brokers today mandate best in breed models, the combination of FXCM's FX and CFD expertise coupled with PF SOFT's array of instruments offered is an extremely robust and powerful combination for brokers globally," he explained.
FXCM Inc (NYSE:FXCM) has also highlighted in its announcement that it stands ready to offer credit facilities to qualified Protrader brokers. The company has recently upgraded its market making technology for CFD trading, enabling scalpers and algo traders to trade index CFDs without trade restrictions.