FNG Exclusive Interview… Continuous innovation has been the lifeblood of the modern FX industry and this, along with rapid technological development seen in recent years, has been crucial for sustained industry growth.

We thought that this would be a good opportunity to catch up with Managing Director and Global Head of FXCM Pro Sales Mario Sanchez, and find out more about the company’s latest innovative product, CFD Prime ahead of FXCM Pro’s participation in the Finance Magnates London Summit on 17 November.

FNG: Hi Mario, and thanks for joining us today. Please let us know a little more about FXCM Pro’s latest innovation, CFD Prime.

Mario: As one of the leading providers of online FX and CFD trading and other related services, FXCM has been a frequent innovator and we’re not slowing down. This approach is embedded in the introduction of CFD Prime which brings the netting, rollover fee, and margin benefits enjoyed in the FX market to those trading CFD products, something never-before-seen in the trading ecosystem.

FXCM CFD Prime is underpinned by Integral’s market-leading trading technology that allows more market participants to connect and trade with the widest range of counterparties. By eliminating bilateral credit as a barrier to market, many can access core CFD liquidity more efficiently.

FNG: How does CFD prime brokerage work exactly? Why is choosing the right relationship important for FX and CFD brokers?

Mario: By using our balance sheet and battle-tested infrastructure, FXCM offers a CFD prime brokerage solution which can effectively connect both sides, providing a central clearing function, reducing counterparty risk and offering capital optimisation to both makers and takers.

Our customers also benefit from FXCM’s real-time support which features CFD Prime dedicated coverage, account management and trading teams as well as real-time comprehensive portfolio, risk, performance and account reporting using FXCM’s well-established infrastructure. They can also make seamless transfers between FX and CFD prime brokerage accounts held at FXCM.

We’re committed to upgrading the trading experiences of our clients, and our new CFD Prime service is the latest in the long line of our innovations which once again illustrates our “client first – trader driven” approach to cater for the unmet the needs of market participants.

FNG: What does the future hold for FX investing?

Mario: Innovation has been, and will continue to be, the foundation of sustained market growth, and we hope the Finance Magnates London Summit 2021 will serve as a catalyst for collaboration and idea-sharing as we recap on the learnings of 2021 and cast our eyes to the future.

The market-leading event is one the first face to face events in nearly two years and we are excited to be attending and exhibiting in-person on 17 November.

We will have an installation at booth 27 on 17 November where the team can provide information on our latest innovations such as CFD Prime our other best-in-class trading solutions. Our CEO, Brendan Callan, will also be participating in a roundtable on ‘The Future of Online Trading’ from 10:55am on 17 November to share his insights into our accomplishments to date and future strategy.

If you’re attending, schedule a one-on-one meeting with FXCM Pro here.