AvaTrade Moves CFD Feeds to BTC-e, Also Launches Litecoin Trading

AvaTrade became the latest broker to switch pricing of its bitcoin CFD from MtGox to that of another exchange. Last week eToro began to price its bitcoin ‘shares’ product using pricing from Bitstamp, while Plus500 moved its feed to BTC-e earlier this week. Announced to customers yesterday, as of last night AvaTrade has begun to price to both its bitcoin daily and weekly products using feeds from BTC-e. The broker stated that the switch “Due to the ongoing withdrawal issue with the MtGox exchange and the extreme Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term this has caused to prices” (Kudos to HarounKola.com for posting a snapshot of the entire statement sent to customers on the AvaTrade platform). Following the move by AvaTrade, to our knowledge, the remaining online Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers using MtGox to price their CFD are firms using pricing feeds from financial technology provider Leverate.

In addition, the broker has also recently begun to offer trading in litecoins which uses pricing from BTC-e as well. According to an AvaTrade representative, trading of the litecoin CFD has been live for several weeks, being launched on January 22^nd (apologies for only catching this now when we re-viewed AvaTrade's bitcoin conditions and spotted litecoin there as well). Like the bitcoin CFD, litecoins are being made available via products that use both a weekly and monthly expiration. The weekly litecoin product allows for 10:1 leverage, as well as the ability for traders to both go long or short. The monthly CFD, called Litecoin MINI, doesn’t allow for leveraged trades.