NEW YORK, April 20, 2015 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) a leading online provider of foreign exchange (FX) trading and related services, today announced the future direction of FXCM's Institutional business. Separate from the institutional non-core assets the firm has announced plans to sell, FXCM will continue various institutional services.
FXCM's Institutional department, FXCM Pro, will focus heavily on its wholesale business, which will continue catering to retail brokers, small hedge funds and emerging market banks while FXCM's Prime of Prime business, FXCM Prime, will focus on high frequency trading customers (HFTs).
"With the pending disposition of institutional non-core assets we are now purely focused on mobilizing more resources to our wholesale business, where we have seen tremendous success," said Brandon Mulvihill, Global Head of Institutional Sales at FXCM. "In 2014 this business line produced approximately $1 trillion in trading volumes and proved post January 15th to be among the most resilient institutional clientele at FXCM."
FXCM Pro provides retail brokers with tailored pricing and execution, cross collateralization of FX and CFD's in one account, and custom settlement solutions. FXCM recently doubled the size of its broker services desk, a veteran support team that exclusively handles all retail broker inquiries.
FXCM Prime provides users centralized clearing across multiple venues, including direct access to single banks, along with pre-trade and post-trade risk monitoring. This product addresses the needs of HFTs and funds, many of whom are now seeking alternative credit solutions. FXCM Prime has its first customers trading live, doing in aggregate nearly $2 billion per day.
For more information contact an FXCM Institutional representative Support@fxcmpro.com
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 to our retail clients.
Disclaimer: 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.
Forex Capital Markets Limited is authorised and regulated in the UK by the Financial Conduct Authority. Registration number 217689. Registered in England and Wales with Companies House company number 04072877.