FXCM and PFSOFT Announce New Partnership
LONDON, Jan. 11, 2016 (GLOBE NEWSWIRE) — FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced its partnership with PFSOFT, a developer of professional trading software for banks, prime brokers and retail brokers. FXCM will provide trade execution and market data to the PFSOFT Protrader multi-asset solution through FIX API.
Striving to create an exceptional solution, PFSOFT has integrated FXCM's FIX API, which offers both FX and CFD execution. As a result of this collaboration every broker who uses the Protrader solution will be able to access FXCM's unique capabilities in both FX and CFD performance.
"PFSOFT is excited to offer our partners a fully integrated feed from FXCM," said Roman Nalivayko, Global Head of Business Development of PFSOFT. "Combining the Protrader solution with FXCM's robust liquidity we have created one of the world's leading trading solutions for FX and CFD brokers."
Brandon Mulvihill, Managing Director of FXCM Pro stated,
"PFSOFT is a long time specialist in the field of multi asset platform functionality. FXCM's FX execution performance handles on average over 500,000 trades per day, and our newly developed enhanced CFD execution model was built to handle automated trading on products such as index CFDs. As brokers today mandate best in breed models, the combination of FXCM's FX and CFD expertise coupled with PFSOFT's array of instruments offered is an extremely robust and powerful combination for brokers globally."
FXCM recently announced an important enhancement of their market making technology for CFD trading, allowing scalpers and algo traders to trade index CFDs without trade restrictions. FXCM's back office allows for the combination of FX and CFD trading settling via one account. In addition, FXCM expressed readiness to offer a credit facility to qualified Protrader brokers. Qualification standards occur through FXCM's credit review process.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.
About PFSOFT LLC
PFSOFT is a leading global provider of technology solutions for the financial services industry. The company offers Protrader - a comprehensive multi-asset trading solution for all major markets including: equities, futures, options, foreign exchange, CFDs and Spread Betting. Protrader can be integrated with various functional APIs, with an unlimited number of liquidity providers and data feeds. Protrader trading environment contains a wide range of tools suitable for asset managers, day traders, scalpers and algorithmic traders.
Head of Business Development Department
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