FXCM Pro, the institution-focused platform of FXCM Group, has partnered with Centroid to offer a range of automated risk management solutions for its clients, the brokerage announced today.
“Our work with Centroid is all about providing clients with a seamless trading experience while harnessing market-leading and ESMA-compliant risk management technology,” Mario Sanchez, managing director and global head of FXCM Pro, said on the partnership.
“While legacy risk mitigation systems are an unfortunate part of many of the most popular trading platforms, we are providing our customers the latest technology so that they can continue executing their trades confidently on whichever platform they wish to use.”
An Important Tool in a Volatile Market
Centroid concentrates its offerings to the foreign exchange trading platforms with sophisticated risk management services and real-time analytics deemed very useful in a fluctuating market.
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With this implementation, FXCM Pro clients can now manage and monitor risk, optimize execution, and observe regulatory requirements through automated reporting from a single framework, the press release highlighted.
Earlier this month, the institutional trading platform partnered with Devexperts to provide liquidity to its newly launched customizable trading platform DXtrade. It also partnered with Tradesocio to strengthen its trading technology.
“Establishing this partnership with FXCM Pro creates significant added value to the client bases of both firms,” Richard Bartlett, head of business development at Centroid Solutions, added.
“The current FX landscape is a very challenging environment to operate in, so having the best of breed liquidity solution coupled with next-generation risk management is essential for our respective clients to maintain efficiency and at the same time maximize performance results. We are excited to bring this to the market.”