FXCM and Tradency are upgrading their business cooperation to a mass market model.
January 09, 2013 –FXCM Inc. (NYSE:FXCM), a global online provider of forex trading and Tradency, originator of the Mirror Trading concept and developer of Forex trading platform - Mirror Trader; have elevated their business activity level and are now offering Mirror Trader solutions to FXCM’s entire client base. Under the new agreement, FXCM’s registered traders will be able to login to the Mirror Trader platform using their existing credentials, trading via their live trading account. The new business structure supports the conversion process of the Mirror Trader platform into a mass market trading platform.
The reinforcement of the business cooperation between the two companies enables FXCM to offer its clients with advanced mirroring capabilities. The mirror trading concept opens FXCM clients a new gateway for investing in Forex, allowing an easy transition to live trading. Drew Niv, FXCM founder & CEO expounds: “FXCM focuses heavily on helping our customers, novice and savvy alike, to become better traders, and with the new Mirror Trader model FXCM can achieve that and grow our activation level and trading volume at the same time.” “Mirror Trader is a very marketable platform with a high client lifespan, which can help us attain clients previously out of reach,” added Niv. Following FXCM’s decision to make Mirror trader a part of their core online FX trading services, Lior Nabat Tradency’s CEO states: “FXCM is the major player in the Forex market. We are both honored and delighted to deepen our long lasting business cooperation. As a pioneer in this field from day one, we strive continually to improve and versify our offering to brokers; this is the prime reason for the conceptual change to our business model earlier this year. We had successfully turned the Mirror Trader platform into a mass market product. We are now presenting FXCM with a platform that encompasses a full spectrum of traders from novice to the experienced, all traders benefit from the vast amount of knowledge they have at their fingertips inside the platform.”
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency's Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. www.tradency.com
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com. Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
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Source: FXCM Inc.