Bourse Direct, a French financial broker, will white label the Trading Station platform of US Forex broker FXCM. This partnership is another move that extends the activity of FXCM.
Bourse Direct has over 50,000 registered account holders that will now have access to the capabilities that FXCM France account holders have.
This expansion follows the recent moves of FXCM in Japan, and also the trouble that it had at home with the CFTC and the NFA.
For more details about the Bourse Direct – FXCM partnership, here’s the official press release:
Bourse Direct Partners with FXCM to White Label Forex Trading Platform
Paris, and New York – October 12, 2011 −− FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange, (“FX”), trading and related services worldwide and Bourse Direct, a leading independent French online financial broker, announced that Bourse Direct will white label FXCM’s Trading Station platform to expand its product offerings to include forex trading.
“We are excited that Bourse Direct has chosen to partner with FXCM to bring forex trading to its customer base. In the past few years the popularity of the FX market in France and globally, has seen tremendous growth. With a 24 hour, 5 days a week trading market, no commissions*, flexible leverage and the ability to take advantage of up and down markets, FX is a great complement to any active investors portfolio and FXCM is pleased to be a part of Bourse Direct’soffer.” said Ilies Larbi, Director FXCM France.
By white labeling the FXCM trading station platform, more than 50,000 registered account holders of Bourse Direct will have the many advantages clients of FXCM France, a subsidiary of FXCM Inc.(NYSE: FXCM) have now. Advantages include trading on over 40 currency pairs and FXCM’s no dealing desk (“NDD”) forex execution system. Through FXCM’s NDD execution, users can benefit from FXCM’s multiple liquidity providers” with fairness of execution and no conflict of interest between trader and broker. Other advantages include competitive spreads, one click order execution and trading from real time charts. With this partnership Bourse Direct customers also have trading signals in real time to support them in their investment strategies and can find news and research through www.DailyFX.fr .
Commenting on the partnership, Drew Niv, CEO of FXCM, said, “In addition to FXCM’s aggressive but disciplined acquisition approach, we continue to expand with specific white label relationships. We choose existing broker dealers who have a long history and trading base in specific regions.” Niv continued, “Our FXCM France branch has been growing significantly and we will continue to grow our French offering through white label partnerships as well as through syndication deals of our newly launched DailyFX.fr site.”
FXCM strives to provide its clients and partners with top tier trading technology and execution, along with trading resources which are mostly built into the platform offering.
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.
About FXCM France
FXCM France is registered with the Autorité de Contrôle Prudentiel (“ACP”) as a branch of Forex Capital Markets, Ltd. under the number 19843.
FXCM Inc., A company listed on the New York Stock Exchange (NYSE: FXCM) is a holding company and its sole asset a controlling interest in the company FXCM Holdings, LLC. Forex Capital Markets Limited is an operating subsidiary of FXCM Holdings, LLC. Reference to “FXCM” on this article refers to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC, Forex Capital Markets Limited.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
*Restrictions apply. Please visit link for more details.
” FXCM’s liquidity providers include global banks, financial institutions, prime brokers and other market makers.
About Bourse Direct
Bourse Direct is the leading independent company in the online finance sector in France.
It covers all aspects of the business from online trading, order execution services to back office.
Bourse Direct shares are listed in Compartment C of Euronext Paris by NYSE Euronext (codes: FR0000074254, BSD).
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