The FXCM Inc, forex broker and provider of related services informed about the new cooperation with the FlexTrade Systems Inc., related to the integration of its CFD pricing FlexTrade technology.
FlexTrade focuses on high performance execution management and order management systems, while FXCM is focused on wholesale clients, like banks, brokers, fund, etc. This cooperation is related to various indices, commodities (from precious metals to energy commodities) or bonds.
FlexTrade’s Order Management Systems (OMS) and retail trading solution is now provided to FXCM clients, as well as to brokerage clients already using FlexTrade’s solution. Thus they can utilize the wholesale CFD pricing and liquidity to redistribute to their own clients alongside forex, enabling the broker to manage their risk and outgoing price feeds all through one single technology platform.
Global Head of FXCM Pro, Brandon Mulvihill said: “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.”
FXecosystem, providing outsourced connectivity services for the forex market, informed about its approach to the treasuries’ market.
A new Bondecosystem was introduced by the company to provide trades, interested in bonds, to take advantage of its market connectivity. That is something available before only to the FX market.
Bondecosystem will deliver a single point of contact to connect global bond traders to leading ECNs and banks, which enables the merging of asset classes and eliminates the need for multiple leased lines. FXecosystem’s co-location facilities will provide proximity hosting solutions to meet all bond trading requirements in LD4 and NY4, resulting in improved trading execution and operational efficiencies.
James Banister, CEO of FXecosystem – James Banister stated:
“Bondecosystem will enable bond traders to benefit from the same dynamic connectivity solutions enjoyed by FX traders. Merging platforms and asset classes together into one e-commerce platform makes clear sense and reflects the direction leading banks are taking.
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