In wake of its recently relaunched assault on the US market Alpari announced that it will now start offering FX Options trading.
Alpari leased/white labeled FX Bridge’s options platform for this purpose and combined it with a Currenex feed and spot liquidity. I was skeptical regarding the potential growth of the fx options market as a whole, and I still am. I just don’t see fx options becoming as popular as spot fx trading, even in the mid-long term. It’ll take this instrument years before large traders will take interest in it and start producing substantial volumes. It is however another, exotic for now, instrument which some traders may prefer over other options especially if considering the very limiting spot fx trading rules.
“In response to the increasing demand among its worldwide client base, Alpari (US), LLC today announces the introduction of FX Options and a new trading platform, Alpari FX Options, to its line of advanced trading products. Powered by innovative technology vendor FX Bridge Technologies, Alpari FX Options combines existing Multi-Bank Currenex spot FX liquidity with options pricing from top tier banking relationships.
The company has been aggressively implementing its global expansion plans with recent senior appointments and innovative new products bridging the gap between retail and institutional clients.
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Daniel Skowronski, CEO of Alpari (US) comments, “Having access to FX Options along with traditional spot FX symbols from one margin account within the same trading platform will give our clients greater flexibility to manage their trading strategies and risk exposure.” He adds, “FX Bridge offers extremely innovative solutions for both our clients and our back office operations, which support Alpari’s role as a technological pioneer in the FX industry.”
About Alpari (US)
Founded in 1998, the Alpari Group is one of the world’s fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services, with offices in ten countries, including London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt, serving more than 150 countries. With over 400 employees worldwide, more than 330,000 customer accounts and monthly Forex trading volumes in excess of $147 billion,* the Alpari Group is one of the market leaders in Forex.
About FX Bridge Technologies
FX Bridge Technologies Corporation is a leading global provider of innovative software solutions to companies which participate in the foreign exchange marketplace. Its flagship platform, ProTrader Plus, offers real-time spot, CFD, and options same-account trading and cross-margining, which provides the dealer, broker, and trader the most comprehensive tools suite available today for the richest trading experience. Find out more at www.fxbridge.com.”