LONDON, March 27, 2018 (GLOBE NEWSWIRE) -- FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, has joined the FastMatch FX Tape™.
Launched by FastMatch, a Euronext company, the FX Tape is a centralized streaming service that provides real-time last trade data to all subscribing market participants. The underlying trade data is comprised of a diverse group of participating segments within the global market place and now includes anonymized data from FXCM.
The ultimate mission of the FX Tape is to create a transparent and public reference point for all spot foreign exchange participants which is something that FXCM very much supports.
“We believe the FastMatch FX Tape is a great step in improving post-trade transparency. It will serve as a reliable reference price for everyone as the tape will show confirmed trade rates instead of quoted rates.” said Brendan Callan, CEO of FXCM Group. “FXCM has always provided our clients with as much data as possible to increase transparency and aid in their trading experience. We applaud FastMatch for looking to do the same.”
The FX Tape is open to all contributors under an open access model with a percentage of the revenue generated by FX Tape shared with contributors, according to the volume contributed.
About FXCM:
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
FXCM’s free or cost-effective unique market data includes volume, sentiment, order and market depth. Read more here: https://www.fxcm.com/uk/algorithmic-trading/market-data/
FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"].
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales@fxcm.com