FXCM Pro, the institutional arm of FXCM, a provider of online foreign exchange trading, CFD trading and related services, has partnered with Your Bourse, a software solutions provider for retail and institutional MT4/MT5 brokers, to provide ultra-low latency execution.
What does this mean for clients?
Your Bourse’s flagship product, Matching Engine, will enable FXCM and FXCM Pro clients to benefit from an order processing time of two microseconds per order and will be able to create a new FIX session in less than 20 seconds. FXCM Pro will be distributing its institutional liquidity directly to Your Bourse clients via the Your Bourse Platform, leveraging its expertise in financial instruments such as transferable securities and financial contracts for differences.
Clients will benefit from the flexibility of changing trade conditions as well as the ease of sorting through the incoming/outgoing fix messages, combined with state of art liquidity from FXCM PRO, all at their fingertips, fully integrated within the Your Bourse platform.
FXCM Pro, the online foreign exchange trading services platform, enables retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while offering high and medium frequency funds access to brokerage services via FXCM Prime.
Your Bourse’s suite of services includes MT5 gateway and MT4 bridge, multi-asset liquidity aggregation, risk management, client profiling, real-time and historical reporting, and MT4/MT5 hosting in all Equinix data centers with 99.999% Service-Level Agreements, as well as plug-ins for MT4 and MT5 and FIX API connections for Business-to Business clients.
What does this mean for FXCM Pro and Your Bourse?
“Our alliance with FXCM represents a significant advancement for Your Bourse and our clients, reflecting our commitment to delivering exceptional services. Serving as a trusted provider to FXCM Pro is a privilege we sincerely appreciate,” said Elina Pedersen, CRO of Your Bourse.
“By leveraging the extensive functionality offered by Your Bourse, FXCM Pro will greatly enhance the provision of direct liquidity to its customers, solidifying our commitment to delivering top-tier services in the financial industry,” Elina Pedersen further commented.
“We are committed to working with the best firms to provide clients with the features and tools they need to succeed. Our clients will now be able connect to FXCM via Your Bourse’s FIX API server or connect their MT4 or MT5 directly using Your Bourse’s MT4 Bridge or MT5 Gateway,” said Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales.
“By combining our deep liquidity with Your Bourse’s speed and flexibility, we are able to offer an even more comprehensive range of services to our customers,” Mario Sanchez said.
What is the wider industry context of this partnership?
Latency is the time it takes for a signal to travel from one point to another. In the context of forex trading, latency is the time it takes for a trade order to be sent from your trading platform to the forex exchange and executed.
Ultra-low latency is a term used to describe trading systems with very low latency. This is important for forex trading because it can give you a competitive edge over other traders.
There are a few reasons why ultra-low latency matters for forex trading. First, it can help you to get better fills. When you place a trade order, you want to make sure that it is filled at the best possible price. Ultra-low latency can help you to get better fills because it allows your trade order to reach the exchange faster.
Second, ultra-low latency can help you to take advantage of market opportunities more quickly. If you see a trading opportunity, you want to be able to act on it as quickly as possible. Ultra-low latency can help you to do this by reducing the time it takes for your trade order to be executed.
Third, ultra-low latency can help you to reduce your trading costs. When you trade with a high-latency system, you may have to pay more in trading fees. This is because your trade orders may be executed at less favorable prices.
There are a few things you can do to improve the latency of your forex trading system. First, you can use a trading platform that is designed for low latency. Second, you can co-locate your trading server in a data center that is close to the forex exchange. Third, you can use a high-speed internet connection.
If you are serious about forex trading, then you should consider investing in a system with ultra-low latency. This can give you a competitive edge over other traders and help you to make more money.
Here are some additional benefits of ultra-low latency for forex trading:
- Increased profitability: Ultra-low latency can help you to increase your profitability by allowing you to take advantage of market opportunities more quickly and get better fills.
- Reduced risk: Ultra-low latency can help you to reduce your risk by allowing you to exit losing trades more quickly.
- Improved trading experience: Ultra-low latency can improve your trading experience by making it feel more responsive and giving you the confidence to trade more aggressively.
If you are looking to improve your forex trading performance, then ultra-low latency is a worthwhile investment.
Here are some of the challenges of achieving ultra-low latency for forex trading:
- Cost: Ultra-low latency systems can be expensive to set up and maintain.
- Complexity: Ultra-low latency systems can be complex to configure and manage.
- Latency sensitive strategies: Not all trading strategies benefit from ultra-low latency. For example, long-term trend following strategies may not see much benefit from ultra-low latency.
Overall, ultra-low latency can be a valuable asset for forex traders who are looking to improve their performance. However, it is important to weigh the costs and benefits of ultra-low latency before making a decision.
Gerald Ainomugisha is a business news reporter and freelance B2B marketer with over 10 years of experience in writing high-converting copy and content for businesses of all kinds, especially SaaS providers in the niches of HR, IT, fintech, eCommerce and web3. Since joining Upwork in 2012 (back when it was still eLance), Gerald A. has delivered great results for hundreds of clients, maintaining a 98% Job Success rate as well as 5+ years of Top Rated Plus rating (and Premium Writers Talent Cloud membership). Book a meeting with Gerald A. today to get the powerful SEO content you need!