FXCM Pro gets risk management solution from Centroid
FXCM Pro, the institutional arm of FX brokerage firm FXCM Group, has announced that it is partnering with Centroid, a leading provider of Foreign Exchange (FX) technology solutions.
The partnership will provide FXCM Pro’s institutional clients with a range of automated risk management solutions from Centroid. The partnership will aim to supplement trader confidence by mitigating the risks posed by legacy technology still in use on major trading platforms.
Centroid’s technology provides its clients with sophisticated risk management services and real-time analytics derived from extensive industry knowledge during a time of fluctuating market conditions. Given increasing trading activity recently, harnessing optimised low-latency solutions will be a key step for traders looking to mitigate risk and reduce operational costs without sacrificing efficiency.
The company said that the partnership shows FXCM Pro’s commitment to cultivating a modernised FX trading ecosystem as Centroid’s customisable technology can be onboarded quickly and without disrupting trading or wider business operations.
Available across a range of trading platforms, FXCM Pro clients now have access to Centroid’s all-in-one suite of trading technology to manage and monitor risk, optimise execution, and observe regulatory requirements through automated reporting from a single framework.
With this partnership, FXCM Pro clients will have access to one of the latest and most advanced risk mitigation solutions, all the while benefiting from FXCM Pro’s institutional liquidity.
Richard Bartlett, Head of Business Development at Centroid Solutions, commented on the partnership:
“Establishing this partnership with FXCM Pro creates significant added value to the client bases of both firms. Both companies share the same ethos and ongoing commitment to offering the very latest tools and services to the market for both existing and new clients alike, therefore, establishing such an alliance was a natural move. The current FX landscape is a very challenging environment to operate in, so having the best of breed liquidity solution coupled with next generation risk management is essential for our respective clients to maintain efficiency and at the same time maximise performance results. We are excited to bring this to the market.”
Mario Sanchez, Managing Director and Global Head of FXCM Pro, commented:
“Our work with Centroid is all about providing clients with a seamless trading experience while harnessing market-leading and ESMA-compliant risk management technology. Together, we are delivering unique solutions for managing, monitoring, and reporting risk to clients at a very critical time. While legacy risk mitigation systems are an unfortunate part of many of the most popular trading platforms, we are providing our customers the latest technology so that they can continue executing their trades confidently on whichever platform they wish to use.”
Centroid Solutions are a next generation technology provider that combines real-time analytics, sophisticated risk-management, and advanced connectivity with extensive industry-knowledge to improve risk-adjusted performance and strengthen sustainability for brokers. They have incorporated the very latest quant-based risk management and client analytical tools into the markets most reliable and lowest-latency aggregation engine. In addition, they offer connectivity to all trading platforms, such as MT4/5, cTrader and any proprietary trading applications, as well as to an unlimited number of liquidity providers globally. To further enhance stability and overall performance for their client’s eco-system they have established their own infrastructure in Equinix LD4, NY4 and TY3 whereby they host clients trading platforms in co-location to their dedicated Centroid Hub and cross-connected LPs.