The CEO of the broker believes it is the best way to minimise risk and maximise opportunities for clients.
With oil becoming an increasingly attractive commodity to invest in amid unprecedented price moves, Axiory, a foreign exchange (forex) broker, has revealed exclusively to Finance Magnates that it will be launching new oil products - US Oil Index and UK Oil Index.
In particular, Axory is the first to go to market with IS Prime’s new products that aim to combat negative oil prices whilst still giving traders exposure to the asset. As Finance Magnates reported, the US Oil Index and the UK Oil Index are rebased at $100. This means, should IS Prime’s proprietary spot price fall into negative territory, say $-5USD, the pricing will reflect this at $95.
Speaking to Finance Magnates the Chief Executive Officer of Axiory, Roberto d’Ambrosio, said: “IS Prime came up with these products and we… think it’s the way to both protect clients and give them the opportunity to take advantage of the market.”
Not only does the new product, in d’Ambrosio’s opinion, allow Axiory to minimise risk and maximise the opportunity for its clients, he also highlighted that the product reduces operational risks, as it is harmonious with broker’s trading systems - as prices won’t go negative.
“Being an index and not a future it will have more smooth behaviour - still with a lot of Volatility when this will happen during the settlement - but without the incredible impact it could have if the product was based directly on the future expiring the day that you have to roll it over,” he continued.
Education is healthy for the whole industry
Nonetheless, although the FX broker will be launching this new product d’Ambrosio stressed that alongside this product, Axiory will continue to provide its clients, as well as traders who aren’t clients of the broker, with plenty of educational materials to ensure its users are aware of the risks and what’s happening on the market at present.
“We believe educating traders… is something that is very very important and it will be increasingly important going forward. Even if clients are trading with other brokers, I think it’s healthy for the whole industry that clients are aware of what they’re doing.”
Axiory sees record performance amid COVID-19 volatility
Aside from oil, Axiory detailed to Finance Magnates how it has been fairing amid the Coronavirus pandemic. Overall, the lockdown measures have not been overly impactful on the broker, as the company already had employees working from home, so this has not been a large adjustment for the company.
However, like many in the industry, Axiroy has seen a solid uptick in trading volumes and client activity, with the company experiencing a record period in terms of volumes. More than that, the CEO of Axiory said that during this time, the firm has been able to keep business as usual, with clients served in a timely manner.
When asked whether Axiory experienced an uptick and volumes, d’Ambrosio responded: “The whole industry did and we did as well. We had quite an uptick in volumes… every time volatility in the market increases, volumes increase… we did very well.”
With oil becoming an increasingly attractive commodity to invest in amid unprecedented price moves, Axiory, a foreign exchange (forex) broker, has revealed exclusively to Finance Magnates that it will be launching new oil products - US Oil Index and UK Oil Index.
In particular, Axory is the first to go to market with IS Prime’s new products that aim to combat negative oil prices whilst still giving traders exposure to the asset. As Finance Magnates reported, the US Oil Index and the UK Oil Index are rebased at $100. This means, should IS Prime’s proprietary spot price fall into negative territory, say $-5USD, the pricing will reflect this at $95.
Speaking to Finance Magnates the Chief Executive Officer of Axiory, Roberto d’Ambrosio, said: “IS Prime came up with these products and we… think it’s the way to both protect clients and give them the opportunity to take advantage of the market.”
Not only does the new product, in d’Ambrosio’s opinion, allow Axiory to minimise risk and maximise the opportunity for its clients, he also highlighted that the product reduces operational risks, as it is harmonious with broker’s trading systems - as prices won’t go negative.
“Being an index and not a future it will have more smooth behaviour - still with a lot of Volatility when this will happen during the settlement - but without the incredible impact it could have if the product was based directly on the future expiring the day that you have to roll it over,” he continued.
Education is healthy for the whole industry
Nonetheless, although the FX broker will be launching this new product d’Ambrosio stressed that alongside this product, Axiory will continue to provide its clients, as well as traders who aren’t clients of the broker, with plenty of educational materials to ensure its users are aware of the risks and what’s happening on the market at present.
“We believe educating traders… is something that is very very important and it will be increasingly important going forward. Even if clients are trading with other brokers, I think it’s healthy for the whole industry that clients are aware of what they’re doing.”
Axiory sees record performance amid COVID-19 volatility
Aside from oil, Axiory detailed to Finance Magnates how it has been fairing amid the Coronavirus pandemic. Overall, the lockdown measures have not been overly impactful on the broker, as the company already had employees working from home, so this has not been a large adjustment for the company.
However, like many in the industry, Axiroy has seen a solid uptick in trading volumes and client activity, with the company experiencing a record period in terms of volumes. More than that, the CEO of Axiory said that during this time, the firm has been able to keep business as usual, with clients served in a timely manner.
When asked whether Axiory experienced an uptick and volumes, d’Ambrosio responded: “The whole industry did and we did as well. We had quite an uptick in volumes… every time volatility in the market increases, volumes increase… we did very well.”
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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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
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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📸 Instagram: https://www.instagram.com/financemagnates_official
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