FXCM Launches FXCM Pro

imageFXCM, one of the world's leading Forex brokerages and a publicly quoted company on the New York Stock Exchange (NYSE) this week announced the relaunch of FXCMPro.

FXCM Pro will cater to customers with balances of at least $250,000 seeking high-end execution and liquidity solutions, and will be serviced by a veteran dedicated team of over thirty professionals. The prime brokerage offering will be known as FXCM Prime, and will allow clients access to multiple trading venues, with over 15 platforms available. FXCM Prime 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.

It is anticipated that new clients to the service can be fully set up within as little as two weeks.

FXCM Prime are looking to offer a strong value proposition to those customers requiring market data and execution access across multiple trading venues, who also seek to settle all such activity in one centralized source and through one account. Pre-trade and post trade credit checks ensure efficient and effective allocation of net open position utilization. All customers will execute user agreements with each individual trading venue, paying trading commissions directly to each ECN or single bank. FXCM earns revenue only through commissions generated from pre-agreed clearing fees, behaving as a tier one clearer.

FXCM Prime is specifically designed for high frequency trading firms, prop shops, small to medium sized hedge funds, as well as small regional and emerging market banks.

DailyForex.com Team
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