Lower volatility along with better liquidity and technology is likely to tighten spreads in Bitcoin-based products .
FXCM released its average Bitcoin/USD contract-for-difference (CFD) spread for October this Thursday. Last month was the first full month of Bitcoin trading for FXCM, with the retail broker only launching BTC/USD CFDs on the 1st of October.
In its statement, the company noted that its spreads were tighter than most other major retail brokers, including Plus500, IG Group, and CMC Markets.
Those three companies all averaged spreads hovering around 50 points in October, whereas FXCM managed to average a 32 point spread for the same BTC/USD CFD product.
Moreover, the company released its spread data for all of October. Looking at it, one can see that the company’s spreads progressively tightened throughout last month.
“As previously announced, we have continued to work with our Liquidity Providers to lower our Bitcoin CFD spreads to be some of the most competitive in our space,” said Brendan Callan, CEO of FXCM Group and a speaker at next week's London Summit. “We’ve been able to do this over the course of the past few weeks and we wanted to take the time to highlight them.”
Low Vol + Better Liquidity = Lower Spreads
Tighter spreads are likely to have become more commonplace in the cryptocurrency market over the past few months.
Starting in the summer and running up until this cold, autumnal Thursday, we have seen a plateauing in Bitcoin volatility. No longer are we in the global cryptocurrency craze that pushed the price of Bitcoin up to $20,000 at the start of this year.
For brokers, that means spreads can become tighter as they don’t have to protect themselves against massive price fluctuations.
Concurrent with the decline in volatility has been an increase in the quality of liquidity available to brokers.
Liquidity managers such as OneZero, Gold-i, and TradAir have not only been able to connect brokers to better sources of liquidity, they’ve also added tools, such as hedging capabilities, to the solutions they are providing to brokers.
That means brokers can not only be more certain that they will have access to decent sources of liquidity, but that they will also have better means at their disposal to manage it. For their clients that translates into tighter spreads.
FXCM may be the first to release its spread data as a marketing tool but don’t be surprised if we see a trend of tightening spreads for Bitcoin products as market volatility lowers and technical expertise improves.
FXCM released its average Bitcoin/USD contract-for-difference (CFD) spread for October this Thursday. Last month was the first full month of Bitcoin trading for FXCM, with the retail broker only launching BTC/USD CFDs on the 1st of October.
In its statement, the company noted that its spreads were tighter than most other major retail brokers, including Plus500, IG Group, and CMC Markets.
Those three companies all averaged spreads hovering around 50 points in October, whereas FXCM managed to average a 32 point spread for the same BTC/USD CFD product.
Moreover, the company released its spread data for all of October. Looking at it, one can see that the company’s spreads progressively tightened throughout last month.
“As previously announced, we have continued to work with our Liquidity Providers to lower our Bitcoin CFD spreads to be some of the most competitive in our space,” said Brendan Callan, CEO of FXCM Group and a speaker at next week's London Summit. “We’ve been able to do this over the course of the past few weeks and we wanted to take the time to highlight them.”
Low Vol + Better Liquidity = Lower Spreads
Tighter spreads are likely to have become more commonplace in the cryptocurrency market over the past few months.
Starting in the summer and running up until this cold, autumnal Thursday, we have seen a plateauing in Bitcoin volatility. No longer are we in the global cryptocurrency craze that pushed the price of Bitcoin up to $20,000 at the start of this year.
For brokers, that means spreads can become tighter as they don’t have to protect themselves against massive price fluctuations.
Concurrent with the decline in volatility has been an increase in the quality of liquidity available to brokers.
Liquidity managers such as OneZero, Gold-i, and TradAir have not only been able to connect brokers to better sources of liquidity, they’ve also added tools, such as hedging capabilities, to the solutions they are providing to brokers.
That means brokers can not only be more certain that they will have access to decent sources of liquidity, but that they will also have better means at their disposal to manage it. For their clients that translates into tighter spreads.
FXCM may be the first to release its spread data as a marketing tool but don’t be surprised if we see a trend of tightening spreads for Bitcoin products as market volatility lowers and technical expertise improves.
Webull Introduces "Lite" Version of Trading App for Retail Users
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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