Source: Hedge Funds Review | 24 Aug 2009
Categories: Trading Systems
Topics: Energy, Technology, Clearing, Settlement, Trading, Commodities, Currency/currencies
The FOREX.com UK division GAIN Capital has added Brent crude oil to its FOREXTrader platform. This means clients will be able to trade oil alongside global currencies and spot metals.
FOREX.com, a global provider of online trading services, offers Brent crude oil as a contract for difference (CFD) with 5% margin and the flexibility to trade small contracts from one lot representing 100 barrels.
The FOREX.com BCO contract tracks the current price of Brent crude on the Intercontinental Exchange (ICE). In addition to premium trading tools such as real-time charts and news, clients also receive daily market commentary and analysis from the FOREX.com research team on the latest market trends impacting the price of oil.
GAIN Capital launched gold and silver contracts on its FOREXTrader platform earlier this year.
GAIN Capital provides execution, clearing, custody, and technology products and services, supporting more than 50 correspondent and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services companies. If services clients from over 140 countries and supporting average trade volume of nearly $200 billion a month with its customers and trading partners.
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