Two popular retail trading companies have just partnered to offer advanced liquidity solutions and faster trading execution to clients. FXCM's institutional division, known as FXCM Pro, and technology provider Tools for Brokers (TFB), announced today (Tuesday) their newest collaboration. The partnership will include trading platforms from MetaQuotes, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
FXCM Pro and Tools for Brokers Announce Partnership
FXCM Pro will now directly stream its institutional-grade liquidity to TFB's client base. This move enables TFB clients to integrate pricing and trading functionalities into their MT4 and MT5 platforms via TFB's FIX API server. When selecting a technology or bridge provider, the partnership adds another layer of choice for FXCM Pro clients.
TFB's Trade Processor bridge is compatible with multiple trading platforms, including MT4 and MT5, cTrader, and Match-Trader. It also supports third-party integrations through an external FIX API. Its user-friendly interface sets it apart, offering brokers data analytics and enhanced risk management features.
"At FXCM Pro, we are committed to providing our clients with the technology they need to succeed, and this is demonstrated in our partnership with Tools for Brokers," Mario Sanchez, the Managing Director and Global Head of FXCM Pro Sales, commented. "This collaboration gives our clients additional choice when it comes to selecting a bridging provider and by selecting TFB, they will benefit from fast execution, automation and improved market access."
FXCM Pro has a longstanding experience in providing retail brokers and small hedge funds with access to wholesale execution and liquidity. Tools for Brokers serves retail brokers and supports proprietary trading companies. The company's ecosystem revolves around its flagship Trade Processor liquidity bridge.
Alexey Kutsenko, the CEO of Tools for Brokers, expressed his enthusiasm about the partnership. According to Kutsenko, the FXCM Pro and TFB alliance will create a robust platform for brokerages and hedge funds, enabling them to scale their operations more efficiently and sustainably.
FXCM's and Tools for Brokers' New Cooperations
This June, FXCM Pro teamed up with Your Bourse, a trading tech firm, to offer traders high-speed order execution. The collaboration will enable both FXCM Pro and FXCM customers to leverage Your Bourse's Matching Engine, boasting an impressive two-microsecond order processing time. Additionally, the partnership will facilitate the rapid establishment of new FIX sessions in under 20 seconds.
Meanwhile, TFB has expanded its regtech capabilities through a strategic alliance with MAP FinTech, integrating their reporting solution into TFB's Trade Processor liquidity bridge. This move aims to enhance the features of both companies' products. According to a report by Allied Market Research, the global regtech market is projected to grow to $55.28 billion by 2025, with a CAGR of 23.5% from 2018 to 2025.
Earlier in March, the firm rolled out an advanced FIX API emulator technology. This innovation simplifies the transition to a Trade Processor liquidity bridge, eliminating the need for cumbersome coding and reconfiguration steps.