PFG launches FX Options with FX Bridge's technology
FX Bridge Technologies Corp., a leading provider of foreign exchange and CFD technology solutions, today announced that PFGBEST, a leading global broker, has licensed FX Bridge's trading platform to provide online FX options trading to its client base.
PFGBEST, through the FX Bridge platform, enhances its offering to institutional and retail FX clients by expanding its suite of products that include direct access to interbank 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. PFGBEST created the Typhoon system for straight-through processing of foreign exchange transactions and it is a model in the industry for global FX Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term.
Here is a link to more information and a free download: https://www.PFGBEST.com/platforms/forexdealer/ .
"Building a world-class options platform with proven technology and access to interbank liquidity enables PFGBEST clients to expand their portfolio of trading and risk management strategies in foreign exchange, the world's largest market," said Russ Wasendorf, President and COO, PFGBEST. "This initiative is consistent with our continuous goal to be a leading global broker providing excellent service, technology and products to clients."
The PFGBEST FX options platform will be provided by FX Bridge Technologies Corp. It provides access to live interbank prices, supports same-account trading and margining of spot FX and FX options, and extensive modeling and optimization tools to enable traders to select and deploy a host of FX options trading strategies.
"We are pleased to join with PFGBEST, one of the largest non-clearing U.S. Futures Commission Merchants (FCMs) to offer a state-of-the-art FX options trading platform," said Stephen Best, CEO, FX Bridge. "Clearly this move underscores PFGBEST's commitment to providing a robust and sustainable trading product array, and will help expand the firm's reputation of excellence in liquidity aggregation in cash foreign exchange."
Since the Dodd Frank rulings were implemented limiting the leverage traders can trade with; currency options have been gaining coverage as an alternative investment product.
Forexmagnates team will be writing a detailed report on FX Options; available in the next Q2 quarterly report 2012.
FX Bridge Technologies Corp., a leading provider of foreign exchange and CFD technology solutions, today announced that PFGBEST, a leading global broker, has licensed FX Bridge's trading platform to provide online FX options trading to its client base.
PFGBEST, through the FX Bridge platform, enhances its offering to institutional and retail FX clients by expanding its suite of products that include direct access to interbank 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. PFGBEST created the Typhoon system for straight-through processing of foreign exchange transactions and it is a model in the industry for global FX Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term.
Here is a link to more information and a free download: https://www.PFGBEST.com/platforms/forexdealer/ .
"Building a world-class options platform with proven technology and access to interbank liquidity enables PFGBEST clients to expand their portfolio of trading and risk management strategies in foreign exchange, the world's largest market," said Russ Wasendorf, President and COO, PFGBEST. "This initiative is consistent with our continuous goal to be a leading global broker providing excellent service, technology and products to clients."
The PFGBEST FX options platform will be provided by FX Bridge Technologies Corp. It provides access to live interbank prices, supports same-account trading and margining of spot FX and FX options, and extensive modeling and optimization tools to enable traders to select and deploy a host of FX options trading strategies.
"We are pleased to join with PFGBEST, one of the largest non-clearing U.S. Futures Commission Merchants (FCMs) to offer a state-of-the-art FX options trading platform," said Stephen Best, CEO, FX Bridge. "Clearly this move underscores PFGBEST's commitment to providing a robust and sustainable trading product array, and will help expand the firm's reputation of excellence in liquidity aggregation in cash foreign exchange."
Since the Dodd Frank rulings were implemented limiting the leverage traders can trade with; currency options have been gaining coverage as an alternative investment product.
Forexmagnates team will be writing a detailed report on FX Options; available in the next Q2 quarterly report 2012.