FXCM Pro, the institutional division of the broader FXCM Group, has promoted Jemal Shenolov as the Vice President of Institutional Sales, which became effective earlier this month.

FXCM Pro Promotes Jemal Shenolov

According to his Linkedin profile, Shenolov has been a part of FXCM Pro for more than four years. He joined the Bulgaria-based offices of the company in October 2018 as a Pro Services Representative. Before the latest promotion, he held the Senior Pro Services Representative position.

“Thankful and excited to take on a new role as Vice President Institutional Sales within FXCM Pro!” Shenolov wrote in a Linkedin post.

Shenolov is an International and Business Management graduate from Birmingham’s Aston University. He started his career locally as a Junior Business Analyst for Salts Healthcare. Additionally, he worked in the event management industry for less than a year before entering the brokerage space.

Check out the recent FMLS session on "Online Trading – A Futurist Look," where the CEO of FXCM, Brendan Callan was a panellist.

FXCM Pro Is Enhancing Services

Under the Pro brand, FXCM provides services to institutional clients who need market data and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term access across multiple trading venues but wants to settle with a single account on one centralized platform. The offerings of FXCM Pro include “wholesale execution and liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term solutions for retail brokers, hedge funds, and emerging market banks,” along with other prime brokerage services. In addition, it provides API solutions to its clients.

FXCM Pro, owned by the merchant banking arm of Jefferies Financial Group, is committed to enhancing its services. In late 2021, the platform partnered with Integral, a trading industry technology provider, to launch a centrally cleared platform for contracts for differences (CFDs), thus reducing transaction costs.

Meanwhile, Ilies Larbi separated from FXCM, the retail division, last May after working with the brand for almost 15 years. He co-founded a cryptocurrency exchange service named Ouinex and is now heading the platform as the Chief Executive Officer.