FXCM’s Subsidiaries in UK and Cyprus Change Name To Stratos
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The British subsidiary of FXCM (Forex Capital Markets) has changed its name. On Sunday, September 10th, the company announced it is changing its name to Stratos Markets Limited.
This decision came after one of the branches based in Cyprus changed its name to Stratos Europe Ltd. It is part of FXCM’s bigger plan to give all its European subsidiaries a new name and brand.
FXCM Pro Announces Alliances
FXCM has a history that goes back to 1999 when it started as a financial company in New York. It was later associated with Global Brokerage Inc., which went bankrupt in 2017. It has extended its operations in Europe, making changes by renaming its branches and updating some of its products to better serve its customers.
There is also a change in the FXCM UK website. Instead of FXCM, it has now been replaced by its new name Stratos, which is now managing trading services.
FXCM Pro, the primary feature of FXCM, has recently announced two noteworthy alliances to improve trading services. The initial partnership involves Tools for Brokers (TFB), a tech provider, focused on integrating MetaQuotes’ trading platforms, such as MetaTrader 5 and MetaTrader 4.
After that, FXCM Pro allied with Your Bourse, another provider of trading technology. It aims to provide traders with an ultra-fast order execution process. This partnership harnesses Your Bourse’s Matching Engine, encouraging an impressive order processing time of two microseconds. It also enhances the capability to establish a novel FIX session in less than 20 seconds.
FXCM Rolls Out More Products And Features
In 2023, FXCM rolled out a novel Progressive Web Application (PWA) and a trading platform to supplement its current Trading Station Mobile and Trading Station Desktop platforms. These groundbreaking fresh platforms align with FXCM’s strategy to extend its influence in the immediate future.
The firm expressed its plan to introduce a web-based feature to encourage a broader range of trading tools and facilitate more global access to its product portfolio.
The innovative moves show that FXCM is actively adapting to market variations and aiming to set itself as a competitive player in the evolving financial environment. The company plans to ensure further rebranding to expand its operations.
