FXCM Adds More Real-Time Volume Indicators, Upgrades Its Trading Station Platform
- The brokerage has announced a set of real-time volume indicators alongside a variety of performance enhancements to its own desktop, web and mobile platform, to deliver some new analytics capabilities to clients.
As part of providing more functionalities to its customers, FXCM Inc. (NYSE:FXCM) unveiled a new version of its platform today, aiming to deliver a new set of data to work with. The broker announced a set of Real Volume indicators, which will only be available on FXCM’s own Trading Station platform.
There are certain perks to having volume indicators in a platform, however, this new addition is by no means the holy grail for ascertaining the sentiment of the market. Big moves and directional changes happen with low volumes and with high ones.
This is where the difference of the offering of FXCM comes in - the set displays individually long, short, net and total values of FXCM's trading volume as opposed to total value only. The tool is available for 14 of the most traded currency pairs at the brokerage.
Another offering is the On Balance Real Volume Indicator, where the trader is able to see buy and sell-side trade volume data.
According to the CEO of FXCM, Drew Niv, "The new offering affirms our deep-rooted commitment to providing our loyal clients with continued innovative trading solutions and advanced technology."
This is not the only functionality which Trading Station is getting. The platform now supports good-till-date entry orders, candle gap options, reporting functionalities and a number of other performance enhancements to optimize the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term experience.
While there is a benefit to having this data, traders should keep in mind that FXCM is only sourcing the information about volumes and orders from its own customers. Retail FX flows normally represent a very small portion of the broad foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market, so any strong conclusions based on the data from one broker should be treated with care.
As part of providing more functionalities to its customers, FXCM Inc. (NYSE:FXCM) unveiled a new version of its platform today, aiming to deliver a new set of data to work with. The broker announced a set of Real Volume indicators, which will only be available on FXCM’s own Trading Station platform.
There are certain perks to having volume indicators in a platform, however, this new addition is by no means the holy grail for ascertaining the sentiment of the market. Big moves and directional changes happen with low volumes and with high ones.
This is where the difference of the offering of FXCM comes in - the set displays individually long, short, net and total values of FXCM's trading volume as opposed to total value only. The tool is available for 14 of the most traded currency pairs at the brokerage.
Another offering is the On Balance Real Volume Indicator, where the trader is able to see buy and sell-side trade volume data.
According to the CEO of FXCM, Drew Niv, "The new offering affirms our deep-rooted commitment to providing our loyal clients with continued innovative trading solutions and advanced technology."
This is not the only functionality which Trading Station is getting. The platform now supports good-till-date entry orders, candle gap options, reporting functionalities and a number of other performance enhancements to optimize the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term experience.
While there is a benefit to having this data, traders should keep in mind that FXCM is only sourcing the information about volumes and orders from its own customers. Retail FX flows normally represent a very small portion of the broad foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market, so any strong conclusions based on the data from one broker should be treated with care.