FXCM Inc (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, with FlexTrade Systems Inc., a global leader in high performance execution management and order management systems for equities, foreign exchange, options, futures and fixed income, today announced the integration of FXCM’s CFD pricing into FlexTrade’s technology. FXCM through FXCM Pro focuses heavily on its wholesale business, which services brokers, funds, and emerging market banks. The offering provides a bevy of products including indices, energies, treasuries and precious metals.
A significant combination in the world of institutional CFD trading – FlexTrade has become one of the first institutional Order Management Systems (OMS) to be able to offer CFD’s to their clients. Brokerage clients using FlexTrade’s OMS and retail trading solution can now utilize FXCM’s wholesale CFD pricing and liquidity to redistribute to their own clients alongside FX, allowing the broker to manage their risk and outgoing price feeds all through one single technology platform.
Brandon Mulvihill, Global Head of FXCM Pro stated, “We are absolutely thrilled to partner with FlexTrade, a truly innovative and adaptive technology provider in the space of retail broking. Of the top tier FX aggregators, FlexTrade has been among the first of its kind to recognize fundamental differences that exist between price making in FX and CFDs. Their comprehension of structural distinctions with respect to clearing and redistribution of market data allowed us to collaborate together in a way that precisely addresses demand from the brokerage community.”
Mulvihill added, “FlexTrade’s superior FX aggregation technology, coupled with FXCM’s dominance in supplying unique, wholesale CFD liquidity delivers a powerful offering to broker customers who require best in class across their technology and liquidity needs.”
According to Manish Kedia, Managing Director of FlexTrade APAC in Singapore, integration of FXCM’s CFD pricing into FlexTrade’s OMS and retail trading solution is a best of both worlds arrangement for the company’s brokerage clients. “When it comes to CFDs, FXCM is ahead of the curve in terms of liquidity and pricing. And when you combine it with our own technology, it’s a win-win situation for clients interested in a comprehensive brokerage solution for FX, Precious Metals and CFDs.” (Original Source)
Shares of FXCM Inc closed last Friday at $11.80. FXCM has a 1-year high of $30.90 and a 1-year low of $5.26. The stock’s 50-day moving average is $12.07 and its 200-day moving average is $10.00.
FXCM Inc is an online provider of foreign exchange trading and related services to retail and institutional customers. It offers its customers the ability to trade contract for differences, spread betting, equities and equity options.