FXCM Group, LLC, a provider of online foreign exchange (forex) and contracts for difference (CFD) trading, announced this Tuesday that its institutional arm, FXCM Pro, has partnered with Your Bourse.
Under the agreement, clients of FXCM will be able to access Liquidity through the Your Bourse Liquidity Hub. Your Bourse provides a Platform-as-a-Service solution for forex, CFD, and crypto liquidity management.
The technology company offers a Liquidity Aggregation and risk management platform for MetaTrader 4 and 5 brokers. Furthermore, the platform offers data analytics and reporting solutions to the retail brokerage and institutional marketplace.
Mario Sanchez-Wandemberg, MD at FXCM
Source: LinkedIn
Commenting on the partnership, Mario Sanchez, Managing Director & Global Head of FXCM Pro, said in the statement: “Today’s priorities for FX and CFD Market Participants are focused around cost saving opportunities as well as execution efficiency."
“Through partnering with Your Bourse, FXCM clients will have one of the latest innovative technology, able to enjoy greater flexibility while accessing multi-asset liquidity, as well as allowing MT4/MT5 traders to experience a host of low latency solutions at a reduced cost.”
Your Bourse continues to add liquidity members
Your Bourse has been adding more and more market participants to its liquidity hub. As Finance Magnates reported, Scope Markets recently partnered with the company, joining its Liquidity Hub, as did CMC Markets in January of this year.
Andrey Vedikhin, Founder and CEO of Your Bourse
“We are excited to add FXCM to our network of liquidity providers and thus allow more brokerages to get access to FXCM multi-asset liquidity at an affordable cost,” added Andrey Vedikhin, Your Bourse CEO in the statement released this Tuesday.
“Clients will also benefit from the low-latency connection with an opportunity to reduce the execution speed even further by utilising a cross-connect between FXCM and Your Bourse infrastructure hubs in Equinix data centres (LD4, LD5, NY4, NY5, CH1, HK1, TY, and FR2).”
