FXCM Institutional Targets Wholesale Business as Non-Core Asset Sale Nears
- In 2014 the FXCM Pro business line produced approximately $1 trillion in trading volumes.
According to an announcement made by FXCM, the company will remain focused on delivering institutional grade services despite the prospective sale of its stake in FastMatch and Lucid. As the company has announced that it will be refocusing on its core business, the sale of the institutional units of FXCM Inc are imminent.
While FXCM Pro will be focusing on the company’s wholesale business, FXCM Prime will cater to customers interested in high frequency trading (HFT).
The firm emphasized that FXCM Pro will continue offering services to retail brokers, small hedge funds and emerging market banks. In recent efforts, FXCM doubled the size of its broker services desk, which is supporting all retail broker inquiries.
Commenting on the announcement, the company’s Global Head of Institutional Sales, Brandon Mulvihill, said, “With the pending disposition of institutional non-core assets, we are now purely focused on mobilizing more resources to our wholesale business, where we have seen tremendous success.”
In 2014 the FXCM Pro business line produced approximately $1 trillion in trading volumes.
“In 2014 this business line produced approximately $1 trillion in trading volumes and proved post January 15th to be among the most resilient institutional clientele at FXCM,” Mr. Mulvihill concluded.
FXCM Prime is currently providing centralized Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term across a number of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues, including single banks. According to the announcement the unit’s clients currently account for about $2 billion per day. FXCM Prime comes along with pre-trade and post-trade risk monitoring at a time when alternative credit solutions are quite necessary to the market.
According to an announcement made by FXCM, the company will remain focused on delivering institutional grade services despite the prospective sale of its stake in FastMatch and Lucid. As the company has announced that it will be refocusing on its core business, the sale of the institutional units of FXCM Inc are imminent.
While FXCM Pro will be focusing on the company’s wholesale business, FXCM Prime will cater to customers interested in high frequency trading (HFT).
The firm emphasized that FXCM Pro will continue offering services to retail brokers, small hedge funds and emerging market banks. In recent efforts, FXCM doubled the size of its broker services desk, which is supporting all retail broker inquiries.
Commenting on the announcement, the company’s Global Head of Institutional Sales, Brandon Mulvihill, said, “With the pending disposition of institutional non-core assets, we are now purely focused on mobilizing more resources to our wholesale business, where we have seen tremendous success.”
In 2014 the FXCM Pro business line produced approximately $1 trillion in trading volumes.
“In 2014 this business line produced approximately $1 trillion in trading volumes and proved post January 15th to be among the most resilient institutional clientele at FXCM,” Mr. Mulvihill concluded.
FXCM Prime is currently providing centralized Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term across a number of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues, including single banks. According to the announcement the unit’s clients currently account for about $2 billion per day. FXCM Prime comes along with pre-trade and post-trade risk monitoring at a time when alternative credit solutions are quite necessary to the market.