FXCM Pro joins MT5 as liquidity provider

FXCM Pro joins MT5 as liquidity provider

- in All News, Featured News, Trading Platforms
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FXCM Pro, one of the two liquidity solutions of the US forex broker FXCM (NYSE:FXCM), has been added to the MetaTrader 5 (MT5) trading platform as a liquidity provider and would provide brokers, professional traders and institutional investors with fast and reliable trade execution on forex and CFD markets.

According to the statement of MetaQuotes Software, the developer of the MT5 trading platform, it developed the native connectivity gateway, which would provide reliable and fast data exchange between the platform and the software of FXCM Pro. It would also allow brokers to hedge forex orders through access to the interbank markets and provide better pricing to their clients.

“FXCM Pro is excited to be among the first liquidity providers to complete a custom integration to MetaTrader 5,” said Brandon Mulvihill, MD and Global Head of FXCM Pro. “Once again, MetaQuotes is at the forefront of delivering tools based on client demand, which center around speed and transparency of execution. Our joint integration removes the need for an external gateway, thus cutting latency times and allowing customers access to an FX/CFD liquidity pool that generates on average over $14 billion of volumes and over 550,000 trades, daily.”

“We are committed to providing our clients with connectivity to the best global liquidity providers in the forex and stock markets,” said Renat Fatkhullin, CEO of MetaQuotes Software Corp on his part. “We continue to expand the possibilities of the mutli-asset MetaTrader 5 platform for institutional investors, and we will release more gateways soon.”

After years of standing in the shadow of its more popular predecessor MT4, in the past few months MT5 is rapidly gaining popularity among forex brokers, mostly thanks to the adding of the hedging option this spring. Since then MetaQuotes Software has made series of improvements and additions in a bid to promote MT5. Among the most recent additions are the tools for analyzing exchange markets and a gateway to the CQG trading platform.

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