Refinitiv to Power FxPro’s Data for Real-Time Prices, Corporate Actions, News, ESG

Refinitiv - FxPro FxPro has adopted Refinitiv’s data and execution management solutions to support its online trading platforms, according to an official announcement. Refinitiv’s global data across multiple asset classes will power FxPro’s capabilities with real-time prices, corporate actions, market-moving Reuters top news, and Environmental, Social, and Governance (ESG) data.

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. FxPro is a global Contracts for Difference (CFDs) broker that offers clients trading capabilities on foreign exchange, futures, shares, indices, energies and metals. The partnership will provide FxPro with powerful tools that support their online trading applications with data, analytics, and transactional connectivity.

Charalambos Psimolophitis, Chief Executive Officer of FxPro Group

Charalambos Psimolophitis, Chief Executive Officer, FxPro, said: “The adoption of Refinitiv’s solutions comes in line with our strategic vision to expand our online trading offering. As we prepare to launch a digital wealth management platform, we see great value in offering our clients sound real-time trading capabilities, top-quality news, financial analytics, and emerging corporate actions. The partnership also offers FxPro exclusive ESG content and data that is now essential for trading across global markets.

Nadim Najjar, Managing Director, Middle East, and Africa, Refinitiv, commented: “We are delighted to be part of FxPro’ s growth journey especially as they expand their retail client base. Our partnership will enhance FxPro’ s trading offering and help them make an impact as innovators in the trading space. Refinitiv will help FxPro meet its data needs and effectively achieve its trading execution capabilities during the changing business environment post-COVID-19. Our trading solutions continue to move the industry forward and enable our customers to deliver a better client experience.”

In 2019, FxPro sold its international payments business of HermexFX to FairFX for a total consideration of £2 million in cash. Prior to the deal, FairFX had rebranded from Equals Group and acquired City Forex for £6 million payable in cash in 2018.

The same year, FxPro was one of many retail brokers to adopt Integral’s recently launched Institutional Market Data service in order to access live spot FX and crypto-asset prices sourced from tier-one banks and non-bank liquidity providers trading over Integral’s Open Currency Exchange (OCX) platform.