FXDD Europe Launches FXDD Options Trader, Powered by FXBridge

FXDD Europe has announced the launch of FXDD Options Trader, an FX options trading platform. Options Trader is powered by currency options technology provider FXBridge Technologies. The platform provides trading in 22 currency pairs. Options Trader also comes integrated with StrategyOptimizer modeling tool, and allows for trading of both Spot and options on the same interface.

For an interesting debate on FX Options, Stephen Best, CEO of FXBridge was a panelist during our ‘Financial Trends’ panel in last November’s London Summit where he sparred with Tim Howkins, CEO of IG Group about the product. This is a review of the panel discussion from our Q4 Forex Industry Report:

In this panel, moderated by Manus Cranny of Bloomberg, the discussion focused around emerging product trends. As the sole broker representative, Tim Howkins, CEO of IG Group stated that he saw non-forex products being a larger driver of trading in the future, and as a result was steering his company towards more CFD offerings. He added that the shift was also due to forex margins being stagnant for several years….. Stephen Best, CEO of FX Bridge stated that innovation in forex options was lagging the broader market and 95% of trades are still taking place in the same method they did 20 years ago. As such, there was a lot of room for advancements to take place in the forex options space. Specifically, Best believed that a lack of education was the primary reason the product has barely evolved. Arguing on this point, Howkins believed that overall he was seeing clients favor CFDs rather than using options. Additionally, he added that in countries with thriving options markets, when his company introduced CFDs in those regions, traders migrated away from options.

You can check out the entire video here.

FXDD Europe Launches FXDD Options Trader All-New Platform Gives Traders Access to Options on More Than 20 Currency Pairs Valetta, Malta – January 22, 2013 – FXDD Europe, a leader in Forex trading and investor education, announced today the launch of its new options trading platform, FXDD Options Trader. Available now, FXDD Options Trader offers options on more than 20 currency pairs with streaming prices from top-tier 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 providers. The cutting-edge platform, powered by FXBridge Technologies, creates an ideal solution for individual traders, as well as institutions interested in trading options or offering options to their retail clients. “FXDD Options Trader is our latest platform, giving clients further access to customizable Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term strategies to approach the Forex market in diverse and innovative new ways,” said John Corbett, director of marketing at FXDD. “This continues our tradition at FXDD of providing a broad array of leading trading technologies that enable clients to execute their strategies in the most efficient way possible.” Matched with the powerful StrategyOptimizer™ modeling tool, FXDD Options Trader allows clients to automatically enter their expected market move and determine a strategy with an optimal risk/reward ratio. The multi-functional platform also includes a completely customizable interface, direct trading from charts for spot FX and options, comprehensive reporting, order and risk management and extensive portfolio analytics. “Our partnership with FXDD Europe reflects our commitment to bring fully-integrated spot and options trading technology to retail currency traders across the globe,” commented James Freidman, chief operating officer of FXBridge. “In the first three months of our initial pilot, we processed over US $2 billion in notional volume. This popularity far exceeded our expectations, proving there is tremendous demand for a multibank spot and options trading platform supported by a global Forex leader.” Available free to FXDD Europe clients, FXDD Options Trader is available for both PC and Mac users. The software is currently available in English and the company plans to introduce additional languages based on demand in the near future. A minimum deposit of $5,000 gives clients full access to FXDD Options Trader and provides the following features: • Spot FX and FX Options available on one platform • Built-In StrategyOptimizer™ • Option Calculator with full “greeks” analysis • Integrated Risk and Strategy Simulator to customize strategies and manage risk • Fully-customizable interface • Web-based platform available FXDD Options Trader currently offers options on 22 currency pairs, including: • AUD/CAD • AUD/JPY • AUD/NZD • AUD/USD • CAD/JPY • CHF/JPY • EUR/AUD • EUR/CAD • EUR/CHF • EUR/ GBP • EUR/JPY • EUR/USD • GBP/CHF • GBP/JPY • GBP/USD • NZD/USD • USD/CAD • USD/CHF • USD/HKD • USD/JPY • USD/SGD • USD/TRY To get started with FXDD Options Trader, FXDD Europe clients can open a live or demo account online using the following link: https://www.fxdd.com/mt/en/201/options-trader/ StrategyOptimizer™ is a registered trademark of FX Bridge Technologies Corp. About FXDD Europe FXDD Europe (https://www.fxdd.com/mt/en/), a Foreign Exchange Dealer licensed as a Category 3 in terms of the Investment Services Act by the Malta Financial Services Authority, is headquartered in Valletta, Malta. FXDD Europe is a leader in online Forex trading and education, dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD Europe provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD Europe offers 24-hour Forex trading by way of its trading platforms, which include: FXDD Options Trader, MetaTrader, PowerTrader, Mirror Trader, and Swordfish. FXDD Europe provides competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD Europe offers 200:1 leverage, as well as competitive spreads.