The launch of the Dow Jones FXCM Dollar Index!
FXCM Partners with Dow Jones Indexes to Release the Dow Jones FXCM Dollar Index.
FXCM Inc. (NYSE: FXCM), an online provider of 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 trading worldwide, has collaborated with Dow Jones Indexes, a leading full-service index provider, to develop the Dow Jones FXCM Dollar Index. FXCM will launch a tradable basket on the index.
The US dollar is the world's foremost currency and the standard against which other currencies are measured. The Dow Jones FXCM Dollar Index Basket will offer traders the opportunity to track the US dollar with maximum 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. This Dow Jones FXCM Dollar Index compares the US dollar to four of the world's most liquid currencies: the euro, British pound, Aussie dollar, and Japanese yen. The Dow Jones FXCM Dollar Index Basket is intended to be more relevant, tradable, and easier to use than existing dollar indexes.
Commenting on the release Drew Niv, CEO of FXCM, said, "The Dow Jones FXCM Dollar Index was designed with the trader in mind. Its goal is to avoid outdated currency pair selection and esoteric methodology, using the most relevant currencies and straightforward design. Because of this, the index-linked basket can deliver maximum utility to the trader. FXCM is thrilled to bring an index product like this to our traders on FXCM platforms and has partnered with what we believe to be the best index provider to do so."
Traders can begin trading the Dow Jones FXCM Dollar Index Basket by opening a demo account with FXCM.com.
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FXCM Partners with Dow Jones Indexes to Release the Dow Jones FXCM Dollar Index.
FXCM Inc. (NYSE: FXCM), an online provider of 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 trading worldwide, has collaborated with Dow Jones Indexes, a leading full-service index provider, to develop the Dow Jones FXCM Dollar Index. FXCM will launch a tradable basket on the index.
The US dollar is the world's foremost currency and the standard against which other currencies are measured. The Dow Jones FXCM Dollar Index Basket will offer traders the opportunity to track the US dollar with maximum 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. This Dow Jones FXCM Dollar Index compares the US dollar to four of the world's most liquid currencies: the euro, British pound, Aussie dollar, and Japanese yen. The Dow Jones FXCM Dollar Index Basket is intended to be more relevant, tradable, and easier to use than existing dollar indexes.
Commenting on the release Drew Niv, CEO of FXCM, said, "The Dow Jones FXCM Dollar Index was designed with the trader in mind. Its goal is to avoid outdated currency pair selection and esoteric methodology, using the most relevant currencies and straightforward design. Because of this, the index-linked basket can deliver maximum utility to the trader. FXCM is thrilled to bring an index product like this to our traders on FXCM platforms and has partnered with what we believe to be the best index provider to do so."
Traders can begin trading the Dow Jones FXCM Dollar Index Basket by opening a demo account with FXCM.com.