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

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Middle East Tensions April 17 ,2024

The Federal Reserve walks a delicate line, addressing high inflation through a hawkish stance while avoiding stifling economic growth.

blockdag

‘Kaspa Killer’ BlockDAG Goes To The Moon With $18.5M Presale, Draws Attention from AVAX and Kaspa Investors

Discover how ‘Kaspa Killer’ BlockDAG’s $18.5M presale and 400% surge positions it as the fastest-growing crypto, amidst AVAX’s anticipated market rally and Kaspa’s performance gains.

Tech and Fundamental, Technical Analysis

Bitcoin Technical Analysis Report 19 April, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 67000.00, top of the previous minor correction ii.

Digital Assets

Crypto.com denies setback in South Korean market entry

Crypto.com has refuted reports from South Korean media that suggested a regulatory hurdle might delay its expansion in South Korea.

Digital Assets

Tether expands USDT and XAUT offerings on Telegram

Tether’s stablecoin USDT, which boasts a market cap of $108 billion, has expanded its presence onto The Open Network (TON), a blockchain closely linked to the Telegram messaging app.

Digital Assets

Embrace the New Era: USDt on TON Revolutionizes Peer-to-Peer Payments

The integration of USDt, the world’s largest stablecoin by market capitalization, onto The Open Network (TON) marks an advancement in the realm of digital finance.

<