FXCM Announces Integration of FXCM Pro to XCore System

FXCM Group today announced the ‎successful integration of its institutional arm, FXCM Pro, ‎with XCore system, a provider of FX bridge ‎aggregation and institutional hosting solutions owned and operated by Swiss-based ‎technology company PrimeXM.

The core of the integration of FXCM Pro into PrimeXM ‎consists of an ultra-low latency order routing and pricing ‎engine, XCore, giving the institutions the opportunity to ‎connect to a wide range of liquidity providers. Furthermore, ‎XCore is installed in PrimeXM’s infrastructure in Equinix ‎data centers, allowing for the efficient management of the entire brokerage business in a centralized environment.‎

PrimeXM has undergone a series of initiatives in 2017 ‎designed to grow its business and market penetration. ‎In September, the group opened a London office, part ‎of its bid to expand the reach of its solutions suite to clients ‎in different institutional segments.‎

The partnership will also support FXCM Pro’s team in growing ‎out a new value proposition for new and existing clients.

FXCM Pro is the group’s agency trading service aimed at middle market hedge funds and ‎financial institutions. Leveraging over $100 billion in monthly trading volume, ‎FXCM Pro gives clients access to global top-tier banks using their own lines of ‎credit.‎

Commenting on the news, Brendan ‎Callan, CEO of FXCM, said: ‎“FXCM is delighted to announce that we have signed a deal with ‎Prime XM and integrated the FXCM Pro FX and CFD pricing within the ‎XCore infrastructure. XCore has proved to be an extremely popular ‎venue amongst FXCM Pro’s institutional client base. As a globally recognized Liquidity Provider, ‎the FXCM Pro team is confident that Prime XM’s market leading ‎technology will complement our extremely competitive spreads to ‎provide FXCM Pro’s institutional clients with a first class trading ‎experience.”‎

‎“Committed to offering market leading technology solutions, we are ‎very pleased to welcome FXCM to our XCore community. FXCM’s ‎top-tier liquidity offering and the organization’s extensive experience ‎will bolster the already strong selection of LPs available within our ‎network and provide significant added value to our client base,” added ‎Head of Global Sales, Richard Bartlett.‎

bitcoin
Bitcoin (BTC) $ 32,532.00 1.45%
ethereum
Ethereum (ETH) $ 1,328.51 3.79%
tether
Tether (USDT) $ 1.00 0.13%
polkadot
Polkadot (DOT) $ 17.39 2.78%
ripple
XRP (XRP) $ 0.269739 1.22%
cardano
Cardano (ADA) $ 0.344159 1.47%
chainlink
Chainlink (LINK) $ 23.81 2.43%
litecoin
Litecoin (LTC) $ 137.69 1.22%
bitcoin-cash
Bitcoin Cash (BCH) $ 434.62 0.30%
binancecoin
Binance Coin (BNB) $ 41.26 0.93%
S&P 500  ^GSPC 
$3,855.36  $13.89  (0.36%)
Dow Jones Industrial Average  ^DJI 
$30,960.00  $36.98  (-0.12%)
NASDAQ Composite  ^IXIC 
$13,635.99  $92.93  (0.69%)
Russell 2000  ^RUT 
$2,163.27  $5.49  (-0.25%)
Crude Oil Mar 21  F*CL.NYM 
$52.87  $0.1000  (0.19%)
   
$0.0000  $0.0000  (0.00%)