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FXCM Teams Up with GVC Gaesco, Trading Station II Now Available on EsTuBroker.com

Nov 06 2012
By
Forexbrokerz.com

After teaming up with Barclays to launch the Barclays Margin FX white label partnership, FXCM has managed to attract yet another broker to offer its FXCM Trading Station platform: the Spanish GVC Gaesco. 

 
One can only wonder about the profitability of white label deals: FXCM reports institutional customer trading volume of $46 billion in September 2012, 8% lower than August 2012 and 64% lower than September 2011. The institutional trading volume for the Q3 was $156 billion, 61% lower than the second quarter 2012 and 49% lower than the third quarter 2011. That doesn’t look too good but considering the low market volatility and decreasing retail and institutional trading volumes worldwide, this data is not particularly scary either. 
 
Furthermore, white label partnerships probably make sense for FXCM, as it keeps engaging in such: apart from Barclays, during the past year the broker also partnered with Friedberg Direct in Canada, and with DIF Broker
 
 

GVC Gaesco to White Label FXCM Platforms

GVC Gaesco to promote FXCM Trading Station and FXCM MT4 to retail FX and CFD Clients

NEW YORK & BARCELONA, Spain--(BUSINESS WIRE)--Nov. 6, 2012-- FXCM Inc. (NYSE:FXCM) and GVC Gaesco today announced a partnership between the two companies as GVC Gaesco will white label FXCM’s retail flagship platform, the FXCM Trading Station for retail FX and CFD products throughout its nineteen offices in Spain. Additionally, clients of GVC Gaesco can opt to sign up and use the popular MT4 platform through FXCM.

GVC Gaesco, founded in 1948, with approximately € 2.4 billion in assets and more than 24,000 clients has chosen to partner with FXCM, a world leader in retail FX trading, through www.estubroker.com “because they offer what we believe to be the best total package out there for our clients,” said Maria Àngels Vallvé, President at GVC Gaesco. “With FXCM’s no dealing desk forex execution model, we feel that our customers will be treated fairly and want to be working with a company that is transparent on multiple levels.”

“The partnership will expand FXCM’s footprint into Spain, and will allow traders in the region to experience the many benefits of trading with FXCM,” said Brandon Mulvihill, Managing Director, European Sales for FXCM. “From the No Dealing Desk forex execution, the award winning trading station technology, free charts, signals and abundance of free education, we believe the GVC Gaesco clients will be very happy with the new offering.”

The GVC Gaesco / FXCM white label launched on October 20. To learn more about the offering please visit www.estubroker.com
 

About GVC Gaesco

GVC Gaesco is one of the main independent financial groups in Spain with over 60 years history. GVC Gaesco has over 24.000 Clients, and is one of the leaders in the securities brokerage business, managing and administrating over € 2.400 billion. GVC Gaesco is currently employing more than 350 professionals. Besides brokerage business, GVC Gaesco develops a large group of services in order to fulfill its customers’ needs, such as Asset Management (Investment Funds, Pension Funds and SICAVs), Wealth and Portfolio Management, Insurance Broker, Corporate Finance and Automated Trading Systems. Service is GVC Gaesco’s most important commitment: offering the clients the product that best suits their needs by complying with the principles of loyalty, transparency, quickness and efficiency.
 
Besides their own offices in Madrid, Barcelona, Girona and Valencia, GVC Gaesco has a franchise network that covers the rest of the Spanish territory.
 

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.
TAGS: forex trading  white label  FXCM  GVC Gaesco  institutional forex  retail forex  forex platform  FXCM Trading Station 

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