FXDD to Discontinue Trading on Italian and Swiss Indices
- The firm will discontinue trading on these instruments due to limited liquidity and low trading volumes.
FXDD Global today announced that due to limited Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and low trading volumes it will discontinue trading on ITA40 and SUI20. The Swiss and Italian indices have not been very popular with traders due to a variety of reasons. While Italian stocks have been generally volatile, the local regulatory requirements specific to the bourse in Milan have prompted brokers to dramatically increase spreads or introduce commissions.
At the same time the Swiss index has not seen investor demand due to the relative unpopularity of the index amongst traders.
After June 3rd 2016, clients will not be able to open any new positions on these instruments. Market orders will only execute if they reduce exposure or close the position entirely. Entry orders may be modified as needed, however they will be rejected unless all of their execution goes toward closing existing trades.
On June 17th 2016 all ITA40 and SUI20 open positions will be liquidated and no new positions will be permitted.
FXDD caters to the trading needs of individuals, institutional traders, hedge funds, brokers, money managers, and other corporate entities. The company's solutions provide a gateway to the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market, delivering new technologies backed by world-class support for individual and institutional traders.The company is headquartered in Malta and is regulated by the Malta Financial Services Authority.
FXDD Global today announced that due to limited Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and low trading volumes it will discontinue trading on ITA40 and SUI20. The Swiss and Italian indices have not been very popular with traders due to a variety of reasons. While Italian stocks have been generally volatile, the local regulatory requirements specific to the bourse in Milan have prompted brokers to dramatically increase spreads or introduce commissions.
At the same time the Swiss index has not seen investor demand due to the relative unpopularity of the index amongst traders.
After June 3rd 2016, clients will not be able to open any new positions on these instruments. Market orders will only execute if they reduce exposure or close the position entirely. Entry orders may be modified as needed, however they will be rejected unless all of their execution goes toward closing existing trades.
On June 17th 2016 all ITA40 and SUI20 open positions will be liquidated and no new positions will be permitted.
FXDD caters to the trading needs of individuals, institutional traders, hedge funds, brokers, money managers, and other corporate entities. The company's solutions provide a gateway to the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market, delivering new technologies backed by world-class support for individual and institutional traders.The company is headquartered in Malta and is regulated by the Malta Financial Services Authority.