FXCM Pro Partners with Devexperts to Provide Liquidity for DXtrade

FXCM Pro, the institutional arm of the FXCM Group, LLC, announced today that it has partnered with Devexperts to provide 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 to its newly launched customisable Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term DXtrade.

Launched back in May of this year, DXtrade is a SaaS (Software-as-a-Service) trading platform, which has been specifically designed for the retail foreign exchange (forex) and contracts for difference (CFD) industry.

With today’s announcement, FXCM Pro is one of the first well-known companies to onboard the trading platform as an institutional liquidity provider. Under the agreement, the prime broker will provide multi-asset liquidity to retail brokers using DXtrade.

Commenting on the partnership, Conor O’Driscoll, VP of OTC Platform at Devexperts, said in the statement: “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.”

DXtrade is an 'off the shelf' trading solution for CFD brokers. The platform is customisable, both for the front and back end, with brokers being able to determine the layouts and setup of the platform.

FXCM Pro: COVID Has Highlighted Tech Priority

“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,” added Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales in the statement.

“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.”