Application-based trading platform Tradable has opted to terminate connectivity to global FX brokerage FXCM and will begin discontinuing new transactions as early as next month, according to a company statement.
The decision by Tradable represents a staunch departure from several years ago, as the FX technology and platform company wants to revamp the core of its API service.
Despite the decision to relinquish its ties with FXCM service, it is presently unclear what direction or solutions Tradable will move towards. In a recent company statement, Tradable has stated that it will be releasing more details shortly to clients.
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In 2016, Tradable enabled TradingView to connect to FXCM as the first brokerage that offers its traders the ability to freely trade while using the charting software and trading community.
Tradable is already a partner with a wide range of brokerages across the US, Europe and Asia-Pacific in a bid to provide developers with a global multi-asset platform for trading across foreign exchange, stocks, commodities and indices.
Tradable, available on Windows or Mac OS, has a unique interface which enables traders to download and arrange third party developed apps.