Retail forex broker FXCM Inc (NYSE:FXCM) has announced an upgraded version of its Index CFD market making technology.
FXCM has implemented a new high frequency market making technology on its backend system for indices. As a result, FXCM will be able to manage index order flow and positions, prices and risk with greater accuracy and more efficiently. For example, FXCM will have the option to take those clients who scalp aggressively, trade news events and use automated strategies and instantaneously hedge these positions with the futures market.
FXCM claims advantages to its clients will include:
- No Stop and Limit Trading Restrictions on Most Indicies: Place stops, limits and entry orders without any minimum distance restrictions.
- Lower Spreads: Lower spreads on popular indexes like the US30.
- No Re-quotes: Trade index CFDs with fast and efficient trade execution without expensive re-quotes.
FXCM CEO Drew Niv said:
The new offering provides all traders, especially scalpers and news traders, with their ideal trading environment for indices. This will provide the most unique Index trading offering in the industry and immediately benefit clients.
Trading Indices offers access to a range of markets where clients can diversify their trading strategies across uncorrelated instruments to currencies as well as taking advantage of global market opportunities. Popular Stock Indices include AUS200, GER30, and US30.