Fortex launches turnkey xForce Prime of Prime solution for Forex brokers
xForce Prime of Prime is an end-to-end, prime-of-prime solution aiming to enable banks and brokerages, looking to become FX liquidity providers, to distribute their price streams directly to their partners’ systems. FX Brokerages can now onboard their own partners by offering white label omnibus accounts and by enabling access to an aggregated corporate account utilizing the institutional Fortex5 front-end. In addition, they have the ability to issue FIX API connections and to manage the whole process via flexible middle and back office portals, providing all parties with a clear view of their financial performance and the tools to make smarter decisions for their businesses.
The groundbreaking xForce Prime of Prime suite is not only enabling FX brokerages to distribute their liquidity in a whole new way, but is also empowering those businesses to tap into the network of corporate FX traders, fund managers and regional banks that they couldn’t access before. Brokers are able to create and manage the pricing profiles that they provide to their partners, utilize different execution and revenue generating strategies, manage their risk books using sophisticated risk management tools and, most importantly, view their entire brokerage P&L anywhere in real time.