FXCM Pro to provide multi-asset liquidity to Devexperts’ DXtrade platform

By Megha Bhattacharya

FXCM Pro, the institutional arm of the FXCM Group, announced a partnership with Devexperts in a bid to offer multi-asset liquidity to its trading platform- DXtrade. DXtrade stated that its SaaS off-the-shelf trading platform allows for full customisability, with brokers being able to determine everything from the layout and set-up, including the back-end configurations and user interface.

Conor O’Driscoll, VP of OTC Platform at Devexperts, commented, “FXCM Pro is the primary source of multi-asset liquidity for many brokers worldwide. Their excellent service, coupled with Devexperts’ knowledge in building trading platforms and integration for our clients into DXtrade, results in a turn-key and affordable solution for new entrants launching their forex or CFD brokerage.”

The partnership will enable FXCM Pro to provide multi-asset liquidity to retail brokers utilising DXtrade. Launched in 2020, DXtrade is a new off-the-shelf trading platform for forex and CFD brokers.

Founded in 1999, FXCM is a provider of online foreign exchange (FX) trading, CFD trading, and related services.  FXCM Pro provides retail brokers, small hedge funds, and emerging market banks access to wholesale execution and liquidity while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.

Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales, commented, “If the previous six months have shown us anything, it is that brokers’ technology has to be the greatest area of focus. With trading volumes hitting peaks during the volatility that the market experienced, brokers need to ensure that when instances like this happen and interest from traders grow, they can capitalise by onboarding clients quickly and efficiently. Access to competitive pricing is central to this. Partnering with Devexperts ensures that new entrants into the broker market are able to access world-leading liquidity from FXCM Pro through a truly innovative trading platform.”

Recently, FXCM Group announced that the institutional arm of the business, FXCM Pro will be collaborating with Your Bourse, a tech company offering liquidity aggregation and risk management platform for MT4/MT5 brokers with hosting in Equinix data centres.