New Institutional Prime-of-Prime Service Launched by FxPro
09 December 2014, London. FxPro Financial Services Ltd (FxPro) has launched FxPro Prime, a prime-of-prime offering that will leverage its exceptional pool of multiple stream tier one FX liquidity and open it up to institutional businesses.
FxPro’s retail clients already benefit from very deep FX liquidity, with low dealing costs and reliable trade execution on the MT4 and cTrader platforms. Now, with plans to add more liquidity providers (LPs) on top of the existing LPs, small to medium sized institutions will be able to benefit in the same way and make considerable cost savings on their FX trade execution.
“For small to medium sized institutions that are looking to save costs on their spot FX execution, FxPro Prime not only offers this, but it is also a solution that removes the need to establish relationships with one or more top tier banks where credit facilities have been contracting. We are very excited about entering the prime-of-prime market with our outstanding liquidity and low cost offering as we feel it is a part of the FX industry that has considerable growth potential.” Charalambos Psimolophitis, CEO at FxPro.
With FxPro Prime institutional clients can take advantage of FxPro’s well established relationships with its prime broker and LPs. The service not only offers prime brokerage and central single margin account clearing solutions with advanced real-time reporting, but it is fast and simple for clients to connect to FxPro’s liquidity via API or the advanced bridge technology.
