FXCM Pro Goes Live with MaxxTrader, Now Onboarding to LD4

FXCM’s institutional arm is now onboarding clients with FlexTrade System’s MaxxTrader solution following the ‎successful integration that was originally announced last year. FXCM Pro was initially co-located across the LD4 center, but MaxxTrader plans to expand its reach to all major hosting hubs, including NY4, TY3, and SG1.

The partnership will also support FXCM Pro’s team in growing ‎out a new value proposition for new and existing clients. MaxxTrader offers multi-bank streaming capabilities, as well as STP and white label FX trading systems, to process client NDFs, spot currencies, and precious metals.

FlexTrade’s solution also supplements FXCM’s existing 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 and execution solutions, giving its clients the opportunity to ‎connect to a wide range of service providers. The platform offers real-time prime broker reporting, an integrated OMS to manage orders, and aggregated liquidity from more than 50 banks, ECNS and exchanges.

Better execution and cost-savings

The core of the integration of FXCM Pro into MaxxTrader ‎consists of a front-end solution allowing orders to trade directly from client to client, directly with the trading desk, or back-to-back with all 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.

FXCM Pro is the group’s agency trading service aimed at middle-market hedge funds and ‎financial institutions. Leveraging over $100 billion in monthly trading volume, ‎FXCM Pro gives clients access to global top-tier banks using their own lines of ‎credit.‎

FlexTrade’s product suite offers access to market data providers while ‎‎easily integrating with any order management system (OMS) via FIX and ‎‎API. Global investment managers prefer the solution since the consolidation of equities, FX, listed options, futures, or any combination is essential on the same platform in order to ensure smooth functioning. The multi-asset execution management system can also be tailored for global access to broker algorithms, as well as the ability to build proprietary algorithms.

Mario Sanchez, Global Head of FXCM Pro Sales, commented: “When we began working with FlexTrade late last year, our aim was to leverage its innovative technology to provide an efficient trading experience for our FXCM Pro customers. By beginning the process of onboarding clients to LD4, we are taking the next steps in the journey of our partnership and realising our initial aim. Through this partnership, we will be able to provide our customers with enhanced trading execution alongside significant cost-savings through low-latency solutions.”