FXCM's Institutional Department Announces Future Direction
April 20 2015 - 8:00AM
FXCM Inc. (NYSE:FXCM) a leading online provider of foreign exchange
(FX) trading and related services, today announced the future
direction of FXCM's Institutional business. Separate from the
institutional non-core assets the firm has announced plans to sell,
FXCM will continue various institutional services.
FXCM's Institutional department, FXCM Pro, will focus heavily on
its wholesale business, which will continue catering to retail
brokers, small hedge funds and emerging market banks while FXCM's
Prime of Prime business, FXCM Prime, will focus on high frequency
trading customers (HFTs).
"With the pending disposition of institutional non-core assets
we are now purely focused on mobilizing more resources to our
wholesale business, where we have seen tremendous success," said
Brandon Mulvihill, Global Head of Institutional Sales at FXCM. "In
2014 this business line produced approximately $1 trillion in
trading volumes and proved post January 15th to be among the most
resilient institutional clientele at FXCM."
FXCM Pro provides retail brokers with tailored pricing and
execution, cross collateralization of FX and CFD's in one account,
and custom settlement solutions. FXCM recently doubled the size of
its broker services desk, a veteran support team that exclusively
handles all retail broker inquiries.
FXCM Prime provides users centralized clearing across multiple
venues, including direct access to single banks, along with
pre-trade and post-trade risk monitoring. This product addresses
the needs of HFTs and funds, many of whom are now seeking
alternative credit solutions. FXCM Prime has its first customers
trading live, doing in aggregate nearly $2 billion per day.
For more information contact an FXCM Institutional
representative Support@fxcmpro.com
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign
exchange (forex) trading, CFD trading, spread betting and related
services. Our mission is to provide global traders with access to
the world's largest and most liquid market by offering innovative
trading tools, hiring excellent trading educators, meeting strict
financial standards and striving for the best online trading
experience in the market.
Clients have the advantage of mobile trading, one-click order
execution and trading from real-time charts. In addition, FXCM
offers educational courses on forex trading and provides free news
and market research through DailyFX.com to our retail clients.
Visit www.fxcm.com and follow us on Twitter @FXCM, Facebook
FXCM, Google+ FXCM or YouTube FXCM.
Disclaimer: Trading foreign exchange and CFDs
on margin carries a high level of risk, which may result in losses
that could exceed your deposits, therefore may not be suitable for
all investors.
Read full US disclaimer.
Read full UK disclaimer.
Forex Capital Markets Limited is authorised and regulated in the
UK by the Financial Conduct Authority. Registration number 217689.
Registered in England and Wales with Companies House company number
04072877.
CONTACT: FXCM Inc.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
jklein@fxcm.com
investorrelations@fxcm.com
Global Brokerage (CE) (USOTC:GLBR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Global Brokerage (CE) (USOTC:GLBR)
Historical Stock Chart
From Sep 2023 to Sep 2024