FXCM Pro and Integral launch the first cleared CFD platform
LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, November 10, 2021 (GLOBE NEWSWIRE) – FXCM Pro, the institutional arm of the leading international provider of online currency trading, CFD trading and related services, and Integral, a leading financial technology company, today announced the launch of a centrally cleared platform for CFDs (contracts for difference).
With this new service, the first cleared contract for CFD users was executed with trade liquidity provided by Jump Trading, a global leader in FX and CFD market making.
The Prime CFD platform brings all the widely recognized benefits of Prime Brokerage to the CFD market, including consolidated margin, account opening and clearing, which helps reduce transaction costs. Using Integral’s cutting-edge technology, users can trade standardized CFD products, including major indices, commodities and crypto currencies, using FXCM Pro’s premier brokerage services in conjunction with tenor liquidity. market, including Jump Trading.
FXCM Pro will provide its balance sheet as well as its proven post-trade infrastructure to offer clients the margin and operational advantages of a single account, while Integral’s technology platform allows clients to use a single connection to obtain aggregate prices and transact with multiple liquidity providers without having to enter into multiple bilateral relationships.
Brendan Callan, CEO of FXCM Group, commented, “We are committed to improving our clients’ trading experiences, and our new CFD Prime service is the latest in a long line of innovations designed to do just that. We leverage 20 years of experience and leverage the latest technological advancements to pave the way for a more diverse and vibrant global CFD trading community on our platform.
Harpal Sandhu, Founder and CEO of Integral, said: “Integral’s innovations have always been focused on providing clients with unparalleled access to credit and liquidity. Unlocking direct access to leading CFD market makers through a unique credit and technology relationship is a big step forward in what was until now a two-way market. “
Bo Bjurgert, Head of Business Development at Jump Trading, added: “This innovation is a truly revolutionary development in the structure of the CFD market. By allowing LPs and clients to trade with each other directly, without having to manage multiple bilateral relationships, traders of CFD products will enjoy significant liquidity and cost advantages.
This communication is intended for institutional and professional clients only.
FXCM is a leading provider of online currency (FX) trading, CFD trading and related services. Founded in 1999, the company’s mission is to provide international traders with access to the world’s largest and most liquid market by offering innovative trading tools, recruiting excellent trading educators, respecting financial standards. strict and striving for the best online trading experience on the market. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. In addition, FXCM offers FX trading training courses and provides trading tools, proprietary data, and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks with access to wholesale execution and liquidity, while providing high and mid-frequency funds with access to premier brokerage services via FXCM Prime. FXCM is a Leucadia company. Trading Forex / CFDs on margin involves a high level of risk and may not be suitable for all investors.
Leverage can work against you. The products are intended for retail, professional and eligible counterparties. Retail clients who maintain one or more accounts with Forex Capital Markets Limited
(“FXCM LTD”), could suffer a total loss of the funds deposited but are not subject to subsequent payment obligations beyond the funds deposited, but professional clients and eligible counterparty clients could suffer losses greater than the deposits . Before trading in products offered by FXCM LTD or other companies within the FXCM group of companies [collectively the “FXCM Group”], take a close look at your financial situation and level of experience. If you decide to trade in products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms and Conditions. Our FX and CFD prices are set by us, are not set on a stock exchange, and are not governed by the Financial Advisory and Intermediation Services Act. The FXCM Group may provide general comments, which are not intended to be investment advice and should not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no responsibility for any errors, inaccuracies or omissions; does not guarantee the accuracy or completeness of the information, texts, graphics, links or other elements contained in these documents. Read and understand the terms and conditions on the FXCM Group websites before taking any further action.
Integral is a financial technology company that helps clients (banks, brokers and asset managers) outperform their competitors in the forex market with innovative workflow management and advanced execution solutions. This powerful cloud-based platform is the industry’s only answer for foreign exchange institutions who want to design and deliver end-to-end solutions tailored to their business. Integral’s modern approach of handling the entire FX lifecycle with an intelligent platform enables its clients to achieve the lowest transaction costs, the highest operational efficiency and the highest return. raised. Founded in 1993, Integral has development, support and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.
© 2021 Integral Development Corp. All rights reserved. Integral technology is protected by US Patents 6,347,307; 7,882,011; 8,417,622; 8,862,507, 9,412,134; 9,836,789; 10,387,952 and pending patent and related intellectual property applications. Additional information is available at https://www.integral.com
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