Brokers' Update – July 28: AFX Capital, Forexware and IC Markets

Today's announcements show the importance of China both as a market and as a volatility instrument.

In our latest daily digest of news from the online trading industry, we have a number of updates from across the world. IC Markets’ clients are able to trade Futures CFDs based on the China A50,VIX and Dollar Index. Forexware expands in Asia and AFX Capital got brand exposure from their sports sponsorship deal.

Forexware’s New Shanghai Operations

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Forexware ShanghaiForexware, an American provider of end-to-end forex solutions, today announced an arrangement with Shanghai Fu Li Lai Information and Technology Limited to act as an exclusive reseller of Forexware technology to the Chinese market.

“Forexware’s new partnership with Fu Li Lai in Shanghai will further enable the firm to serve customers in the region with individualized support,” said Fred Scala,Vice President of Sales at Forexware. “Our customers in Asia are an important part of our business and we look forward to identifying additional ways to improve the technology and services we offer them both locally and on a global scale,” he added.

As part of its investment in the region, Forexware says it’s committed to adding additional local industry experts to its staff and is currently accepting applications for a variety of open positions.

FC Chiasso Present AFX Capital Logo

Following their sponsorship agreement FC Chiasso hosted a press conference to unveil the new home and away kits for the 2015-2016 season, featuring the AFX Capital logo. The new squad was also presented to the reporters and public attending the event.

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Both the new home and away kits feature a unique design, the AFX Capital logo, with the company’s official gold and black colors, appearing in the center of the team’s jersey. FC Chiasso debuted the new kit on July 26, 2015 at their home stadium in their opening league game win against FC Schaffausen.

The CEO of AFX Capital, Manuela Mazzaco, commented: “We are thrilled to see the new FC Chiasso’s home and away kits. We think that they look stunning and that they mark the official beginning of a new era, full of success and glories. We support the team with all our heart and look forward to the beginning of the new 2015-2016 season.”

 AFX Capital

IC Markets Launches New Index CFDs

Australia’s International Capital Markets Pty Ltd (IC Markets) today announced that it has added three new CFDs to its product range. Now IC Markets clients are able to trade Futures CFDs based on the China A50 Index, CBOE Volatility Index (VIX) Index and ICE Dollar Index. These new CFDs are based on the exchange-traded futures contract and have an expiry date.

The China A50 Index is a weighted index comprising of the largest 50 companies by market capitalization listed on the Shanghai and Shenzhen stock exchanges. The index includes companies such as Ping An insurance, China merchants Bank, Haitong Securities and China Railway Group. The index is predominantly made up Banks, Insurance, Oil and Gas, Technology and Telecommunications Companies.

Andrew Budzinski, Chief Executive Office of IC Markets, said, “Our clients can now trade one of the most volatile indices globally which despite falling over 20% from its early June high is still up 77% for the year to date. No other Index globally has achieved such gains this year.”

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