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 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. […]

fxcm water street

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.”

Read this next

Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

<