Devexperts and FXCM Pro Partner Up To Provide DXtrade With Liquidity

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FXCM Group, LLC’s institutional arm, FXCM Pro, has recently announced that it has made a partnership with Devexperts. This partnership will see liquidity be provided to Devexperts’ newly-launched customizable trading platform, going by the name of DXtrade.

Partnering With Devexperts

DXtrade stands as a Software-as-a-Service (SaaS) trading platform, and was launched back in May of this year. The platform was designed specifically for two industries: The contracts of difference (CFD) industry, as well as the foreign exchange (Forex) industry.

FXCM Pro stands as the first well-known company to join the trading platform, with this new announcement. With this partnership, FXCM Pro will serve as an institutional liquidity provider for DXtrade, providing multi-asset liquidity to retail brokers leveraging DXtrade, as the agreement states.

FXCM Pro Providing Liquidity

Conor O’Driscoll stands as the VP of OTC Platform at Devexperts, and gave comment about the matter at large. He described FXCM Pro as a primary source of multi-asset liquidity for an array of brokers across the globe.

O’Driscoll stated that Devexperts could use its knowledge in building trading platforms and coupled it with the excellent service FXCM Pro provides. O’Driscoll stated that this would result in an affordable, turn-key solution that will allow new entrants to launch their own form of brokerage, be it CFD, Forex, or both.

DXtrade stands as an “off the shelf” trading solution for CFD brokers, in particular. This is due to the platform offering both front and back end customizations. With this, brokers are fully capable of determining the setup and layout of the platform at large.

Innovation Is King

Mario Sanchez stands as the Global Head and Managing Director For FXCM Pro Sales, and gave his own statement about the matter. He explained that the last six months have made it clear that broker technology should be the greatest focus for FXCM Pro. He cited the massive increase in trading volumes that occurred as the market experienced overwhelming volatility. In particular, he explained that brokers needed to be capable of ensuring that they can capitalize when this occurs, onboarding clients efficiently and quickly when massive trader interest occurs.

Sanchez stated that one of the key points to staying relevant amid massive trade volume spikes, is access to competitive pricing. With this Devexperts partnership, Sanchez explained that new players in the broker market would be capable of accessing FXCM Pro’s world-leading liquidity, doing so through a trading platform he described as truly innovative.

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