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

blockdag

Crypto News: BlockDAG’s X30 Miner Excels in Crypto Mining While Ethereum & XRP Prices Fall

Learn how BlockDAG’s X30 Miner remains a solid investment despite Ethereum’s price volatility and XRP’s declining trends.

Digital Assets

SEC seeks $5.3 billion fine for Terraform and co-founder Do Kwon

Federal regulators are pursuing a fine of $5.3 billion against Terraform Labs and its co-founder Do Kwon for defrauding investors, following a recent verdict that found them liable for a multi-billion-dollar fraud.

Digital Assets

El Salvador’s Bitcoin wallet hacked by CiberInteligenciaSV

El Salvador’s official Bitcoin wallet, Chivo, has faced another security setback as the hacker group CiberInteligenciaSV released parts of the wallet’s source code on the black hat hacking forum BreachForums.

blockdag

BlockDAG’s $19.8M Presale & Moon Keynote Teaser Place It Above KANG, SOL, & ARB as the Top Crypto Investment in 2024

Uncover the success behind BlockDAG’s $19.8M presale and learn what’s making it a more compelling investment than KangaMoon, Solana, and Arbitrum.

Fintech

Revolut to share user interactions data with ad agencies

Fintech giant Revolut is exploring new revenue streams by planning to share customer data with advertising partners.

Chainwire

Zircuit Staking Soars Past $2B TVL In Only 2 Months

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

Retail FX

PrimeXBT joins Financial Commission’s membership roster

The Financial Commission, an independent external dispute resolution (EDR) body, today announced the addition of cryptocurrency trading firm PrimeXBT as its latest member effective March 6, 2024.

Digital Assets

Ripple wants to reduce SEC’s $2 billion penalty to $10 million

Ripple Labs has responded to the U.S. Securities and Exchange Commission’s (SEC) recent demand for $2 billion in penalties, arguing that the amount should be substantially reduced to $10 million. The legal stance was disclosed in a court document filed late Monday.

blockdag

Analysts Go Bullish On BlockDAG After Its Surge to $0.005 And Unique Developer Platform That Goes Beyond Ethereum & BONK

Discover how BlockDAG’s unique low-code and no-code platforms offer more adaptability than Ethereum’s bull run and BONK’s fluctuating prices.

<