FXCM Pro Onboards Clients With FlexTrade's MaxxTrader

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

FlexTrade

FXCM Pro Onboards Clients With FlexTrade’s MaxxTrader

March 10, 2020

MaxxTraderFXCM Pro, the institutional business of the leading FX and CFD trading firm, has 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.

Mario Sanchez, Managing Director & Global Head of FXCM Pro Sales, said: “When we began working with FlexTrade late last year, our aim was to leverage its innovative technology to provide an efficient trading experience for our FXCM Pro customers. By beginning the process of onboarding clients to LD4, we are taking the next steps in the journey of our partnership and realizing our initial aim.

He further stated: “Through this partnership, we will be able to provide our customers with enhanced trading execution alongside significant cost savings through low-latency solutions. We look forward to further distributing these benefits to customers as we look to continue the roll-out among the other main data centers around the world.”

FlexTrade and FXCM Pro first announced the partnership in late 2019, making FXCM Pro able to offer one of the most competitive pricing models in the market. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.

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.

FXCM was founded in 1999 and has changed hands to Leucadia following the crisis triggered by the EUR/CHF flash crash in 2015. 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 the appointment of Jimmy Hallac as Chairman of FXCM, previously with Leucadia.

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