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.‎

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