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FXCM partners with PFSOFT to provide FX and CFD trading to ProTrader users

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

FXCM Inc (NYSE:FXCM) has today announced a partnership with trading platform provider PFSOFT in which the company will connect its FX and CFD trading environment to the Protrader platform. The next step in FXCM’s development of new market making technology for CFDs which was exclusively reported by FinanceFeeds, FXCM will now provide trade execution and market […]

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FXCM Inc (NYSE:FXCM) has today announced a partnership with trading platform provider PFSOFT in which the company will connect its FX and CFD trading environment to the Protrader platform.

The next step in FXCM’s development of new market making technology for CFDs which was exclusively reported by FinanceFeeds, FXCM will now provide trade execution and market data to the PFSOFT Protrader multi-asset solution through FIX API.

Making a statement today on the commercial alliance, Roman Nalivayko, Global Head of Business Development of PFSOFT said:

“PFSOFT is excited to offer our partners a fully integrated feed from FXCM. Combining the Protrader solution with FXCM’s robust liquidity we have created one of the world’s leading trading solutions for FX and CFD brokers.”

Brandon Mulvihill, Managing Director of FXCM Pro today made a corporate statement on the partnership:

“PFSOFT is a long time specialist in the field of multi asset platform functionality. FXCM’s FX execution performance handles on average over 500,000 trades per day, and our newly developed enhanced CFD execution model was built to handle automated trading on products such as index CFDs. As brokers today mandate best in breed models, the combination of FXCM’s FX and CFD expertise coupled with PF SOFT’s array of instruments offered is an extremely robust and powerful combination for brokers globally.”

Photograph: FXCM’s global headquarters in New York. Copyright Andrew Saks-McLeod

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