FXCM Pro, the institutional arm of the online foreign exchange and CFD trading business, has 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.
Mario Sanchez, Managing Director & Global Head of FXCM Pro, commented: “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.”
Andrey Vedikhin, Chief Executive Officer at Your Bourse, said: “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. Clients will also benefit from the low-latency connection with an opportunity to reduce the execution speed even further by utilizing a cross-connect between FXCM and Your Bourse infrastructure hubs in Equinix data centers (LD4, LD5, NY4, NY5, CH1, HK1, TY, and FR2).”
FXCM Pro has recently selected FlexTrade’s “MaxxTrader” solution which covers an end-to-end workflow that includes Aggregation, Price creation, Distribution, Order Management, Margin Engine, Risk Management, and Auto-hedging strategies. Its out-of-the-box Algo suite features TWAP, VWAP and Basket trading, which can be used internally and offered directly to clients.
Mario Sanchez was promoted to Global Head of FXCM Pro Sales in late 2018 after seven years with FXCM, where he held various sales-based positions. Sánchez-Wandemberg played a key role in the growth of the FXCM Pro. He has over 18 years of extensive experience in the brokerage industry focusing on the institutional segment. Before joining FXCM, he was working with CMC Markets in the institutional sales division.
Founded in 1999, FXCM is now a Leucadia company. The acquisition took place in the sequence of the Swiss “flash crash” which hit the retail FX broker hard. An emergency loan arrangement of $300 million for two years from Leucadia National Corp following the Swiss Franc spike on January 15, 2015, was utilized in covering the negative balances of clients in that shocking event which affected most of the brokers.
Now Leucadia holds an economic interest in FXCM and has been involved in all major decisions of the company ever since followed by appointment of Jimmy Hallac as Chairman of FXCM, previously with Leucadia
