FXCM Pro and Tradesocio Partner for Liquidity And Automated Investing
Tradesocio, a leading wealth management technology provider, has partnered with FXCM Pro for its market-leading institutional liquidity which will become
Tradesocio, a leading wealth management technology provider, has partnered with FXCM Pro for its market-leading institutional liquidity which will become available to its clients in New York and London. In turn, FXCM Pro’s clients can enjoy access to Tradesocio’s customizable trading technology, providing automated and fast track investing for its clients.
This partnership will provide banks, brokers, asset managers, and other buy-side institutions, with a full fintech solution combining digital investment and trading technology from Tradesocio with market-leading institutional liquidity and global scale from FXCM Pro.
Tradesocio’s Investor Trading Platform provides clients with accurate real-time data, reporting tools and advanced infrastructure for trading. By partnering with Tradesocio, FXCM Pro will ensure its clients keep pace with the highly competitive broking and trading sectors while benefiting from being at the forefront of fintech innovation.
Wael Salem, CEO of Tradesocio, commented: “We are very excited about this partnership which combines a complete, front-to-back-end fintech solution from Tradesocio with FXCM’s state-of-the-art liquidity offering and risk tools. This partnership will enable brokerage firms, investment managers and hedge funds digitize their existing services, build a scalable mass affluent platform, and tap into new revenue verticals.”
Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales, said: “Technology is undeniably playing a greater part in broking and widening participation, and as an industry, we are in a great position to reap the benefits of modern fintech solutions. This partnership shows how FXCM Pro continues to be at the forefront of adopting institutional-grade trading technology to ensure our clients are able to and trade with confidence and have some of the best tools at their disposal when it comes to sourcing liquidity and executing trades.”
FXCM Pro has recently begun onboarding clients with FlexTrade System’s “MaxxTrader” solution across the LD4 hosting center. MaxxTrader supplements FXCM’s existing liquidity and execution solutions, providing a significant edge in areas such as bank and non-bank liquidity customization, connectivity between market makers and takers, reporting, and measuring best execution. This end-to-end, dedicated and customizable solution covers all products including FX Spot, Swaps, NDFs, CFDs, and Commodities which will be rolled out across all major hosting centers with NY4, TY3 and SG1 following closely behind LD4.
The firm has also built a partnership with Your Bourse, a technology company providing liquidity aggregation and risk management platform for MT4/MT5 brokers with hosting in Equinix data centers. The deal will combine FXCM liquidity and Your Bourse technology to provide access to FXCM liquidity through Your Bourse’s Liquidity Hub, thus optimizing the processes of FX and CFD brokers.
Reporting by Rick Steves. Filed 8 July 2020, 22:35 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
