FXCM launches two new platforms as retail volumes hit all-time highs
“Trading technology is constantly changing and as a leading player, it’s vital that we embrace innovation to stay ahead of the competition. Our new platform and web-based app provide our clients with the optimal experience and a suite of products and tools they need to succeed.”
FXCM has launched a new trading platform and web application in partnership with trading technology provider Adaptive Financial Consulting, the online FX and CFD broker announced.
The new platforms are designed to support a larger number of instruments and a progressive web application (PWA) which gives greater access globally to FXCM’s products and services.
“It’s vital that we embrace innovation”
Brendan Callan, CEO of FXCM, commented: “Trading technology is constantly changing and as a leading player, it’s vital that we embrace innovation to stay ahead of the competition. Our new platform and web-based app provide our clients with the optimal experience and a suite of products and tools they need to succeed. Our team, with the backing of Jefferies, has been working on some exciting developments which we look forward to sharing with the market over the coming months.”
The launch of the new trading platforms comes on the heels of retail trading hitting an all-time high earlier this year with non-institutional market participation accounting for around 23% of market volume.
FXCM’s new platforms are designed to make it even easier for this increasingly important segment of the market to access key markets and provide the tools they need to take advantage of new opportunities.
FXCM’s progressive web application provides app-like experience
The two new platforms add to FXCM’s existing proprietary trading platforms, Trading Station Desktop, its flagship trading platform and Trading Station Mobile, its native mobile application for IOS and Android. In addition to proprietary platforms, FXCM also provides an extensive MT4 offering and API trading opportunities via a proprietary API, FIX and Java.
FXCM’s new web-based platform, built using React, replaces the firm’s previous web platform. Still in an early beta phase, the web platform will integrate an array of tools and features in the coming months.
FXCM’s new progressive web application (PWA) provides an app-like experience to users, while still being accessible through a web browser, removing the need to download and install an app. Instead, the PWA can simply be added to the user’s home screen. It also improves access, particularly for clients in jurisdictions that do not have access to FXCM’s native trading applications in their local stores, and it works offline and in-low quality network conditions.
