The ASIC regulated entity under the global brand adds XTIUSD, XAUUSD and XAGUSD as spot CFD contracts to its staple platform as it expands its offering of tools that traders can use to diversify their portfolio.
The TradeStation Forex division of IBFX AU, a Monex Group company, has announced the addition of three new Contracts for Difference (CFD) offerings on the TradeStation platform including spot oil, gold and silver CFDs.
These will be respectively traded as XTIUSD (U.S. crude oil/U.S. dollar), XAUUSD (gold/U.S. dollar) and XAGUSD (silver/U.S. dollar), according to the official press release and all of which trade similarly to spot OTC currency contracts, and cash-settled with no contract expiration (automatic rollover) and no delivery risk.
Commenting in the corporate press release, Gary Weiss, President and COO of IBFX AU, who is also part of the TradeStation executive officers' team said, "Spot oil, gold and silver CFDs are a convenient way to trade different commodities without actually taking delivery." Mr. Weiss added in his statement according to the announcement, "Because these contracts are affected by global economic and political factors, they're popular with traders seeking to take advantage of price action in multiple markets."
Mr. Weiss concluded in the official press release regarding the benefits provided by diversifying using such products adding,"They also offer traders the opportunity to diversify their portfolios and hedge against risk. For example, gold and silver are often considered a hedge against inflation or against the dollar. Gold has also traditionally been considered a 'safe haven' investment during times of high Volatility and uncertainty in the U.S. dollar."
In addition to adding the three new CFDs to its TradeStation legacy platform, the firm also offers MT4, an institutional platform named Ifx, and social trading via IBFXConnect and ZuluTrade platforms. The trading of gold and silver CFDs were already available via IBFX AU's MT4 offering, and thus expands these instruments to its TradeStation platform along with the addition of the XTIUSD contract for US crude oil.
The company's technology affiliate, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FCA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc., IBFX, Inc. and IBFX AU. The announcement today relates to IBFX Australia which is ASIC regulated. TradeStation is a wholly owned subsidiary of Monex Group, Inc., one of the largest online financial services providers in Japan.
The TradeStation Forex division of IBFX AU, a Monex Group company, has announced the addition of three new Contracts for Difference (CFD) offerings on the TradeStation platform including spot oil, gold and silver CFDs.
These will be respectively traded as XTIUSD (U.S. crude oil/U.S. dollar), XAUUSD (gold/U.S. dollar) and XAGUSD (silver/U.S. dollar), according to the official press release and all of which trade similarly to spot OTC currency contracts, and cash-settled with no contract expiration (automatic rollover) and no delivery risk.
Commenting in the corporate press release, Gary Weiss, President and COO of IBFX AU, who is also part of the TradeStation executive officers' team said, "Spot oil, gold and silver CFDs are a convenient way to trade different commodities without actually taking delivery." Mr. Weiss added in his statement according to the announcement, "Because these contracts are affected by global economic and political factors, they're popular with traders seeking to take advantage of price action in multiple markets."
Mr. Weiss concluded in the official press release regarding the benefits provided by diversifying using such products adding,"They also offer traders the opportunity to diversify their portfolios and hedge against risk. For example, gold and silver are often considered a hedge against inflation or against the dollar. Gold has also traditionally been considered a 'safe haven' investment during times of high Volatility and uncertainty in the U.S. dollar."
In addition to adding the three new CFDs to its TradeStation legacy platform, the firm also offers MT4, an institutional platform named Ifx, and social trading via IBFXConnect and ZuluTrade platforms. The trading of gold and silver CFDs were already available via IBFX AU's MT4 offering, and thus expands these instruments to its TradeStation platform along with the addition of the XTIUSD contract for US crude oil.
The company's technology affiliate, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FCA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc., IBFX, Inc. and IBFX AU. The announcement today relates to IBFX Australia which is ASIC regulated. TradeStation is a wholly owned subsidiary of Monex Group, Inc., one of the largest online financial services providers in Japan.
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
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From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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#fmas #fmas24 #fmevents #networking #finance #africa