How to Trade Forex ECN with FxPro

Interbank FX Market and FxPro cTrader

FxPro brings you prices from the interbank FX market that you can trade through FxPro cTrader; there is no need to have any additional arrangements in place, you can simply leverage-off the relationships that FxPro built with some of the largest global banking institutions and benefit directly.

FxPro cTrader

FxPro cTrader is an innovative, powerful and user-friendly ECN (‘Electronic Communication Network), specifically designed for FX trading. FxPro cTrader combines superior functionality and provides advanced order routing, streaming prices from multiple global banks and execution services with real-time credit management. The GUI (‘Graphical User Interface’) offers the latest advances in the financial technology sector including a single-click order execution, technical analysis, chart trading and a social networking functionality.

Trade Matching: Traiana

FxPro uses Traiana, a leading post-trade service provider that connects more than 500 firms with solutions that automate the full-trade lifecycle of products such as Contracts for Difference. Traiana helps FxPro with the matching of trades. Subsequently and upon execution, all trades are matched and reconciled with the Prime Broker of FxPro, Morgan Stanley, in real-time. As a result, any errors relating to a trade’s details are being automatically identified and rectified accordingly.

Prime Broker: Morgan Stanley

FxPro chose Morgan Stanley to be its Prime Broker, a company that set the standards and led the ‘Prime Brokerage’ industry sector in the last couple of decades. Through its Prime Broker, FxPro is able to access a pool of liquidity provided by a number of banking institutions and at the same time have the option of a credit facility.

Liquidity, Price Aggregation and Transparency

Some of the largest global banking institutions stream real- time prices for an increasing number of currency pairs and provide deep liquidity that permits traders to execute volumes from $10,000. FxPro cTrader does price aggregation and provides traders with the best available ‘bid’ and ‘ask’ prices. Traders can conclude their trades almost instantaneously as there are no RFQs (‘Request for Quotes’) and both market and limit orders can be placed.

Client Anonymity

FxPro has arrangements in place so that the identity of its clients that trade through an FxPro cTrader account is protected from both the Primer Broker and the remaining institutions that provide liquidity; this is the case during the pre-trade and post-trade phase. Client anonymity is a major advantage for FxPro clients given that any concerns regarding unfair pricing, across currency pairs, is completely eliminated during all trading times.