FxPro Launches Its Prime of Prime Offering Following up on Quotix Acquisition
- The company launches its prime-of-prime offering using a dozen of liquidity providers with half a dozen more in the pipeline and different pricing structures depending on the platform, with cTrader and MT4 available.
Earlier this year, after FxPro announced the acquisition of Quotix, we all knew that it was coming. The company has launched FxPro Prime, a prime-of-prime offering which is leveraging its recently acquired technology from Quotix to deliver a multiple stream tier one FX 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 directed at institutional investors.
The company has already established a solid position in the retail trading space and the move to agency institutional business.
FxPro has upward of 12 institutional Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term, with banks comprising the majority, but with some non-banking financial institutions adding to the mix. The liquidity pool is expected to expand soon with the company adding about half a dozen more, which would bring an even more competitive offering.
The company's CEO Charalambos Psimolophitis, CEO at FxPro, shared in the announcement, “For small to medium sized institutions that are looking to save costs on their spot FX execution, FxPro Prime not only offers this, but it is also a solution that removes the need to establish relationships with one or more top tier banks where credit facilities have been contracting."
The current pricing of the agency model on the FxPro's cTrader platform is $65 per $1 million traded (upon opening and closing a position), while on the firm's MT4 solution there is a spread markup for forex and precious metals and a fixed commission of $15 per lot on futures and 0.10% when trading shares.
Clients of the company will be able to connect to FxPro Prime via API or the advanced bridge technology.
Earlier this year, after FxPro announced the acquisition of Quotix, we all knew that it was coming. The company has launched FxPro Prime, a prime-of-prime offering which is leveraging its recently acquired technology from Quotix to deliver a multiple stream tier one FX 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 directed at institutional investors.
The company has already established a solid position in the retail trading space and the move to agency institutional business.
FxPro has upward of 12 institutional Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term, with banks comprising the majority, but with some non-banking financial institutions adding to the mix. The liquidity pool is expected to expand soon with the company adding about half a dozen more, which would bring an even more competitive offering.
The company's CEO Charalambos Psimolophitis, CEO at FxPro, shared in the announcement, “For small to medium sized institutions that are looking to save costs on their spot FX execution, FxPro Prime not only offers this, but it is also a solution that removes the need to establish relationships with one or more top tier banks where credit facilities have been contracting."
The current pricing of the agency model on the FxPro's cTrader platform is $65 per $1 million traded (upon opening and closing a position), while on the firm's MT4 solution there is a spread markup for forex and precious metals and a fixed commission of $15 per lot on futures and 0.10% when trading shares.
Clients of the company will be able to connect to FxPro Prime via API or the advanced bridge technology.