Forex Capital Markets (FXCM)
Group, a long-time retail forex and CFDs provider, has launched a new trading
platform and progressive web application (PWA) for its clients. The new
platforms, which are additions to FXCM’s Trading Station Desktop and
Trading Station Mobile proprietary trading platforms, will enable the brokerage
firm’s “expansion in the coming months.”
FXCM told Finance Magnates that
it is launching the new web-based application in order to provide support to a
larger number of instruments to its clients. The application is also targeted
at providing “greater access” globally to the brokerage firm’s products and services.
Furthermore, FXCM said it developed the new web-based application, which is still in “an early beta phase,” in partnership with trading technology provider, Adaptive Financial Consulting. The broker noted it will
introduce a variety of tools and features to the new
application “in the coming months.”
Web view of FXCM’s new PWA trading platform. Source: FXCM
“Retail trading hit an all-time
high earlier this year with non-institutional market participation accounting
for around 23% of market volume. FXCM’s new platforms are designed to make it
even easier for this increasingly important segment of the market to access key
markets and provide the tools they need to take advantage of new
opportunities,” FXCM explained.
New Web App Offers “App-Like
Experience”
In addition to its desktop and
mobile trading platforms, FXCM also
provides its clients with MetaTrader 4 and Application Programming Interface (API) trading
opportunities. However, the broker’s new PWA
makes it possible for clients to enjoy “an app-like experience” from a web
platform, it said in a statement. With this experience, users can simply add the new platform to their
home screen, instead of having to download and install a mobile app, FXCM further explained.
A mobile view of FXCM’s new web-based trading platform. Source: FXCM
“[Our new web-based platform] also improves
access, particularly for clients in jurisdictions that do not have access to
FXCM’s native trading applications in their local stores, and it works offline
and in-low quality network conditions,” FXCM explained.
Brendan Callan, CEO, FXCM
Speaking on the latest update, Brendan Callan, the CEO of FXCM, noted that the brokerage firm’s team with support from
investment bank and capital markets firm, Jefferies, has been working on “some
exciting development” that will be unveiled over the coming months.
“Trading technology is
constantly changing and as a leading player, it’s vital that we embrace
innovation to stay ahead of the competition. Our new platform and web-based app
provide our clients with the optimal experience and a suite of products and
tools they need to succeed,” Callan explained.
Meanwhile, Finance Magnates
reports that Jefferies’ maximum loss exposure to FXCM reduced during the last quarter. This is as the New York-headquartered investment
bank and financial services provider revealed a maximum loss exposure of $82.8
million between December 2022 and February 2023.
Bitcoin breaks $30K; Cypator’s crypto ECN; read today’s news nuggets.
Forex Capital Markets (FXCM)
Group, a long-time retail forex and CFDs provider, has launched a new trading
platform and progressive web application (PWA) for its clients. The new
platforms, which are additions to FXCM’s Trading Station Desktop and
Trading Station Mobile proprietary trading platforms, will enable the brokerage
firm’s “expansion in the coming months.”
FXCM told Finance Magnates that
it is launching the new web-based application in order to provide support to a
larger number of instruments to its clients. The application is also targeted
at providing “greater access” globally to the brokerage firm’s products and services.
Furthermore, FXCM said it developed the new web-based application, which is still in “an early beta phase,” in partnership with trading technology provider, Adaptive Financial Consulting. The broker noted it will
introduce a variety of tools and features to the new
application “in the coming months.”
Web view of FXCM’s new PWA trading platform. Source: FXCM
“Retail trading hit an all-time
high earlier this year with non-institutional market participation accounting
for around 23% of market volume. FXCM’s new platforms are designed to make it
even easier for this increasingly important segment of the market to access key
markets and provide the tools they need to take advantage of new
opportunities,” FXCM explained.
New Web App Offers “App-Like
Experience”
In addition to its desktop and
mobile trading platforms, FXCM also
provides its clients with MetaTrader 4 and Application Programming Interface (API) trading
opportunities. However, the broker’s new PWA
makes it possible for clients to enjoy “an app-like experience” from a web
platform, it said in a statement. With this experience, users can simply add the new platform to their
home screen, instead of having to download and install a mobile app, FXCM further explained.
A mobile view of FXCM’s new web-based trading platform. Source: FXCM
“[Our new web-based platform] also improves
access, particularly for clients in jurisdictions that do not have access to
FXCM’s native trading applications in their local stores, and it works offline
and in-low quality network conditions,” FXCM explained.
Brendan Callan, CEO, FXCM
Speaking on the latest update, Brendan Callan, the CEO of FXCM, noted that the brokerage firm’s team with support from
investment bank and capital markets firm, Jefferies, has been working on “some
exciting development” that will be unveiled over the coming months.
“Trading technology is
constantly changing and as a leading player, it’s vital that we embrace
innovation to stay ahead of the competition. Our new platform and web-based app
provide our clients with the optimal experience and a suite of products and
tools they need to succeed,” Callan explained.
Meanwhile, Finance Magnates
reports that Jefferies’ maximum loss exposure to FXCM reduced during the last quarter. This is as the New York-headquartered investment
bank and financial services provider revealed a maximum loss exposure of $82.8
million between December 2022 and February 2023.
Bitcoin breaks $30K; Cypator’s crypto ECN; read today’s news nuggets.