AxiTrader Adds Hong Kong Dollar Pairs at the Most Geopolitically Opportune Time
- With growing public unrest in Hong Kong gyrating the HK dollar, AxiTrader makes several HKD pairs available to cater for traders looking to take advantage of changing geopolitical trends.
AxiCorp, one of Australia’s most prominent retail FX brokers, has unveiled 12 new currency pairs to be made available to its Australian client base from today.
In a low-key launch, the broker emailed its clients informing them of the additional trading instruments. The new pairs include USD/THB and two new metals markets -platinum and palladium. The broker is quoting spreads of between 40-150 pips on spot platinum for both standard and pro clients and 30-279 pips on spot palladium.
Full list of trading instruments launched by AxiTrader
Phil Horner, Sales and Marketing Manager at AxiTrader, said: “We believe the timing of the launch for pairs such as USD/HKD and EUR/HKD is extremely fitting given the current 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 in HKD due to the protests, though we’re most excited about platinum and palladium as being a unique offering which we believe we’ll see a lot of other brokers adopting in the future." Adding, “As we noticed when we launched trading in pairs like USD/CNH and USD/RUB, we saw a very fast increase in other brokers adopting/launching these pairs."
The protests in Hong Kong have sparked speculative interest in the Hong Kong dollar. Protesters are demonstrating against Beijing’s influence over the city’s government and claim that the promise of preserving their civil rights is not being fulfilled by China. The Hong Kong Monetary Authority (HKMA) took emergency measures earlier this week.
AxiTrader's extension of trading products has been mirrored by many others in recent weeks in the Asian region. Last month, Australian-based Pepperstone Financial expanded its list of tradable products with the addition of WTI and Brent crude oil, while Easy-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 Australia dished up 61 new products for its clients only last week. In both cases the moves were designed to cater for changing client preferences and tectonic shifts in the global geopolitical arena.
With market conditions remaining tough but starting to pick up after the summer lull, it seems retail FX brokers are all trying very hard to be as competitive and flexible as possible when it comes to their service offerings.
AxiCorp, one of Australia’s most prominent retail FX brokers, has unveiled 12 new currency pairs to be made available to its Australian client base from today.
In a low-key launch, the broker emailed its clients informing them of the additional trading instruments. The new pairs include USD/THB and two new metals markets -platinum and palladium. The broker is quoting spreads of between 40-150 pips on spot platinum for both standard and pro clients and 30-279 pips on spot palladium.
Full list of trading instruments launched by AxiTrader
Phil Horner, Sales and Marketing Manager at AxiTrader, said: “We believe the timing of the launch for pairs such as USD/HKD and EUR/HKD is extremely fitting given the current 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 in HKD due to the protests, though we’re most excited about platinum and palladium as being a unique offering which we believe we’ll see a lot of other brokers adopting in the future." Adding, “As we noticed when we launched trading in pairs like USD/CNH and USD/RUB, we saw a very fast increase in other brokers adopting/launching these pairs."
The protests in Hong Kong have sparked speculative interest in the Hong Kong dollar. Protesters are demonstrating against Beijing’s influence over the city’s government and claim that the promise of preserving their civil rights is not being fulfilled by China. The Hong Kong Monetary Authority (HKMA) took emergency measures earlier this week.
AxiTrader's extension of trading products has been mirrored by many others in recent weeks in the Asian region. Last month, Australian-based Pepperstone Financial expanded its list of tradable products with the addition of WTI and Brent crude oil, while Easy-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 Australia dished up 61 new products for its clients only last week. In both cases the moves were designed to cater for changing client preferences and tectonic shifts in the global geopolitical arena.
With market conditions remaining tough but starting to pick up after the summer lull, it seems retail FX brokers are all trying very hard to be as competitive and flexible as possible when it comes to their service offerings.