Alpari Scraps CFDs Offering Citing Low Demand
- Brent and WTI crude oil contracts remain active due to their popularity on the Russian market as Alpari might be preparing to face regulatory challenges related to offering CFD products in Russia.
Alpari's Russian and international units have announced on their website that due to low demand the company is going to cease offering almost all CFDs (contracts for difference) currently available to their clients. Notably, the firm outlined that it will continue offering the widely popular oil trading contracts based on Brent and WTI crude oil futures prices.
While the move was announced by the company as due to low demand, it may also be a preemptive measure to put the company’s offering in line with the incoming Russian regulatory environment when it comes to its subsidiary operating in the region.
With the 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 regulation law which was passed at the end of last year, CFDs were left out of the equation prompting questions around the industry how the legislation would treat the offerings.
Clients of Alpari will have a window of time within which to close their open CFD positions. Trading will remain active in close-only mode after next Monday, the 23rd of March. Clients who fail to close their open positions until the 27th of March, will get their positions closed on the last quote available.
Alpari is urging its clients to take measures to avoid that and close their positions before the set deadline.
In recent years more and more forex brokerages have been actively working towards diversifying their offerings with CFDs on commodities, indices and equities. As low 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 engulfed the currency markets in the second half of 2013 and the first six months of last year, traders have been looking towards other asset classes to apply their strategies.
Alpari's Russian and international units have announced on their website that due to low demand the company is going to cease offering almost all CFDs (contracts for difference) currently available to their clients. Notably, the firm outlined that it will continue offering the widely popular oil trading contracts based on Brent and WTI crude oil futures prices.
While the move was announced by the company as due to low demand, it may also be a preemptive measure to put the company’s offering in line with the incoming Russian regulatory environment when it comes to its subsidiary operating in the region.
With the 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 regulation law which was passed at the end of last year, CFDs were left out of the equation prompting questions around the industry how the legislation would treat the offerings.
Clients of Alpari will have a window of time within which to close their open CFD positions. Trading will remain active in close-only mode after next Monday, the 23rd of March. Clients who fail to close their open positions until the 27th of March, will get their positions closed on the last quote available.
Alpari is urging its clients to take measures to avoid that and close their positions before the set deadline.
In recent years more and more forex brokerages have been actively working towards diversifying their offerings with CFDs on commodities, indices and equities. As low 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 engulfed the currency markets in the second half of 2013 and the first six months of last year, traders have been looking towards other asset classes to apply their strategies.