FXCM relaunches its institutional trading site FXCMPro.com

FXCM relaunches its institutional trading site FXCMPro.com

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FXCM Inc. (NYSE:FXCM), the leading US forex broker, announced it has relaunched its website for institutional trading FXCMPro.com.

The institutional trading service of FXCM, FXCM Prime, was first launched in 2004. The FXCMPro.com site provides retail brokers, small hedge funds and emerging market banks with wholesale execution and liquidity. The high and medium frequency funds get access to prime brokerage services via FXCM Prime. The service currently offers direct access to Bloomberg Tradebook, Currenex, EBS Direct, EBS Markets, EBS Select, FXall, FastMatch, and Hotspot (BATS). Single bank access is available to BNP, Deutsche Bank, Citi, Goldman Sachs, Nomura, UBS, and RBS.

“We are thrilled to unveil our clearing solution within our new website”, said Brandon Mulvihill, Global Head of Sales at FXCM Pro. “FXCM Prime provides clients access to multiple trading venues, allowing for direct relationships between traders and liquidity management experts at each ECN provider. FXCM Prime fills the void of settling trades done across all platforms, with over 15 platforms available to clients. This agnostic approach is exactly what tier one prime brokers provide, and this is a rare service found in the secondary prime market”, Mulvihill added. He clarified that onboarding timelines for new customers can be as fast as two weeks. There is no a minimum asset requirement and the starting balance requirement is $250 000.

FXCM’s institutional services desk operates on a 24/5 basis and centralizes all customer requests. Its main office is in the FXCM headquarters in New York and has regional offices in Dallas, San Francisco, Hong Kong, Sydney, Tel Aviv, Paris, Berlin, and London.

FXCM is the largest US and second-largest forex broker in the world, in terms of retail trading volume in March. It retains the position in spite the drop both in Q1 2016 and in March. FXCM is also the February leader in the US in terms of client deposits.

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