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FxPro Acquires Spot FX Aggregator

11/09/2014, 06:09

11 September 2014, London. FxPro Group Ltd (FxPro) has acquired spot FX aggregator Quotix, in a move that gives the company full control over the provision of its FX liquidity and allows it to provide more institutional-focused services.

This new venture combines FxPro’s comprehensive knowledge of the retail FX market and Quotix’s technology, meaning improved trade execution and speed, as well as overall liquidity and pricing for its clients trading on either the MT4 or cTrader platforms.

This is another step towards FxPro becoming an all-in-one FX provider as they will now be able to offer spot FX aggregation and liquidity, as well as prime brokerage services to institutional clients and other brokers.

“As we continue to grow exponentially across the globe, liquidity is critical to ensuring we can provide the best spot FX prices for our clients. This new acquisition allows FxPro to diversify and opens more doors as we start to offer prime-of-prime, aggregation and liquidity services. Above all it will mean improved pricing for clients. We currently have twelve liquidity providers and are aiming to increase this number. By acquiring Quotix we will also be in a stronger position to work more closely with our existing liquidity providers and bring on new ones.” Charalambos Psimolophitis, CEO at FxPro.

The acquisition is FxPro’s first purchase of a technology provider and shows the company’s dedication to investing in innovative new technologies that improve its depth of liquidity.

“Being acquired by the one of the world’s biggest online FX brokers is an exciting strategic move for Quotix. There are obvious synergies to be had, such as the ability to share FxPro’s considerable technical resources, which will help us to grow into new markets.” Evgeny Sorokin, CEO at Quotix.

Notes to Media

About FxPro

FxPro is an award-winning online broker, serving retail and institutional clients in more than 150 countries. FxPro provides access to competitive pricing and deep liquidity with no-dealing-desk intervention via its advanced trading platforms, superior execution technologies and algorithmic tools.

FxPro Group Limited is the holding company of FxPro UK Limited and FxPro Financial Services Limited.

FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and by the Financial Services Board (authorisation no. 45052).

http://www.fxpro.co.uk

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