I am not certain, but that seems a little strange to me. They must already have their providers, and if you open up a 25k acct they probably just let you use the CX software but still deal on their spreads and their trading desk. That makes it no different than these fixed spread platforms, other than CX technology, which isn't worth much without the liquidity and multiple feeds. If you deposit a bigger account, maybe then they turn on their other (already existing) feeds for you to access. I have never heard of this group, so I would want to see some financials to get an idea of their potential credit lines with their relationships.
Also, they are advertising FXAll, which was also very strange to me. Last I checked, in order to trade through FXAll you had to have a major account with one of the actual liquidity providers (Merrill/UBS/Morgan, etc.). That is why FXAll volume is mostly corporates using hedging, etc. Again, I could be wrong, but I will call them next week to check out their supposed access to these systems and liquidity. Their advertising doesn't make sense to me yet, but again, I could be missing something.
Also, they are advertising FXAll, which was also very strange to me. Last I checked, in order to trade through FXAll you had to have a major account with one of the actual liquidity providers (Merrill/UBS/Morgan, etc.). That is why FXAll volume is mostly corporates using hedging, etc. Again, I could be wrong, but I will call them next week to check out their supposed access to these systems and liquidity. Their advertising doesn't make sense to me yet, but again, I could be missing something.
