FXCM relaunches FXCMpro.com

FXCM Inc. (NYSE:FXCM) has today relaunched its institutional division FXCMPro.com

The company’s institutional division, which was led for quite some time by prominent industry figure Francois Nembrini during his twelve…

The company’s institutional division, which was led for quite some time by prominent industry figure Francois Nembrini during his twelve years at FXCM, was initially established in 2004 and had offices in New York.

The relaunch of FXCMPro will involve the division providing high and medium frequency funds access to prime brokerage via FXCM Prime.

In April 2015, FXCM announced that as a separate matter from the institutional non-core assets the firm has announced planned to sell, FXCM will continue various institutional services.

At that time, FXCM’s Institutional department, FXCM Pro, was set to focus heavily on its wholesale business, which would continue catering to retail brokers, small hedge funds and emerging market banks while FXCM’s Prime of Prime business, FXCM Prime, was set to focus on high frequency trading customers (HFTs).

Later that year FXCM looked at selling FXCMPro, however the relaunch now encompasses FXCM’s return to strength as a leading corporate entity.

Brandon Mulvihill, Global Head of Sales at FXCM Pro stated, “We are thrilled to unveil our clearing solution within our new website. FXCM Prime provides clients access to multiple trading venues, allowing for direct relationships between traders and liquidity management experts at each ECN provider. FXCM Prime fills the void of settling trades done across all platforms, with over 15 platforms available to clients. This agnostic approach is exactly what tier one prime brokers provide, and this is a rare service found in the secondary prime market.”

Mr. Mulvihill added, “Onboarding timelines for new customers can be as swift as two weeks. We do not deploy a minimum asset requirement, and our balance requirement to start is $250,000.”

#fxcm, #prime, #relaunch

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