Finance Magnates learned on Monday that FXCM Pro, the institutional arm of brokerage firm FXCM, has joined Gold-i’s Matrix Net.
Matrix Net is Gold-i’s liquidity distribution network. The liquidity management firm’s network supports trading in contracts-for-difference (CFDs), cryptocurrency and foreign exchange.
Any client of Gold-i’s using its Matrix Net or MetaTrader bridges can access the liquidity that firms such as FXCM Pro distribute.
“As Matrix Net continues to gain momentum, we are delighted to add further value to our clients by offering them access to FXCM Pro’s multi-asset liquidity,” said Tom Higgins, Gold-i’s Chief Executive Officer. “FXCM is a highly respected firm with a high quality liquidity offering. They are a great addition to our [network].”
More clients for FXCM
As the above indicates, FXCM Pro will now be able to access more clients.
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Brokers, who previously may not have been connected to FXCM Pro’s liquidity, can now tap into the liquidity providers’ services.
According to a statement issued by Gold-i, that should enable the firm to grow and make more cash.
The brokerage firm’s institutional arm acts as a liquidity and execution services provider to retail brokers, hedge funds and emerging market banks.
“FXCM is delighted to expand its relationship with Gold-i and integrate FXCM Pro pricing within Gold-i’s Matrix Net,” said Mario Sanchez, Managing Director, FXCM Pro. “As a globally recognised Liquidity Provider, the FXCM Pro team is confident that Gold-i’s cutting-edge system will complement our extremely competitive spreads to provide FXCM Pro’s institutional clients with a top-notch trading experience.”
Both FXCM and Gold-i will be attending the iFX Expo Asia in Hong Kong this week. So, whether you are wandering around the exhibition hall or heading into one of the event sessions, keep a lookout for both firms.