FX Solutions
    Print     Send Via Email     Report an Error
Profile Accounts Analysis Interviews PR Contact  

FX Solutions Australia to Offer CFDs to Non-U.S. Customers through GTS



Saddle River, New Jersey, October 15, 2008

FX Solutions today announced that it will license its proprietary GTS platform to FX Solutions Australia. Throughthis licensing agreement, non-U.S. investors will be able to trade 8 actively high volume indexand commodity CFDs (Contracts for Difference) on GTS platform starting immediately.

Thenew offerings will be available to non-U.S. customers via FX Solutions Australia, a whollyowned subsidiary of City Index Group, which also owns FX Solutions.
CFD trades placed on the GTS platform will be executed by City Index, one of the leading
providers of trading products to individuals worldwide. City Index acquired FX Solutions in
February of this year.


"FX Solutions has a strong and fast-growing presence in markets where CFD trading is
increasing in popularity, including the Middle East, Asia and Eastern Europe," said Robert
Cortright, co-founder and co-CEO of FX Solutions of FX Solutions. "By adding CFDs to the
GTS platform, FX Solutions is giving these customers another powerful investment product,helping them find more trading opportunities in global markets."

CFDs allow trading on movements of financial market around the globe without physically
owning the underlying asset directly. They provide the opportunity for traders to take leveragedpositions in a wide range of global markets, including stock indices, and commodities. Tradersmay use CFDs to speculate on upward or downward price movements, providing the ability tolong, short or hedge easily — making them a flexible alternative to traditional securities trading.


Beginning in early October, the following 12 CFDs will be available on the GTS platform.
Among the highest volume CFDs in the marketplace, they are designed to share
characteristics with broadly known international stock indices and also selected standard
commodity spot (or near spot) prices. Below we have outlined the FX Solutions CFD namesand the respective index, basket or commodity that each CFD price seeks to correlate with:
CFD Corresponding Market or Commodity
UK 100 100 of the most prominent FTSE-listed stocks
Wall Street 30 Dow Jones Industrial U.S. large-cap stocks
US TECH 100 100 of the most prominent U.S. NASDAQ technology stocks
Germany 30 30 of the most prominent DAX-listed stocks
US SP 500 500 large-cap U.S. stocks for a broad cross-section of the market
Japan 225 225 of the most prominent Japanese stocks
Gold Spot gold price per ounce
Silver Spot silver price per ounce

Clive Cooke, CEO of City Index, said, “By offering CFDs on the GTS Pro, we are giving FX
Solutions customers an exciting new product on a world-class trading platform. We expect
these new index and commodity products to be very popular.”
Using the GTS platform customers will have a range of benefits for both Forex and CFD
trading, such as no commission fees*, fixed spreads**, automated order execution, multipleleverage ratios***(up to 200:1 for CFD and 400:1 for Forex), real-time margining and fractionalcontract sizes, a feature believed to be unique to the CFD category.

Further, FX Solutionsoffers users robust risk management tools, such as the auto close-out, the ability to placemultiple stop and limit orders and trailing stops to automatically protect positions and its territories.

Become a member and get 6 free Forex courses by OTA!
 

 
  • Promotions
 

 
  • Survey

How important it is for you to be able to save your chart sessions on our site?

Very important
Nice to have but not a must
Useless feature
What do you mean "save"?

 
ForexPros.com Newsletter
 

 
  • Sponsored Links
 
 

Special Offers: