PFGBEST.com Retail Forex Trades Boosted by FX Express Platform
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CHICAGO--(Business Wire)--PFGBEST.com today announced that volumes in foreign exchange have
surged to new records since the January, 2007 launch of the PFG BEST
Direct FX Express (FX Express) platform was launched.
"For individual traders, the online trading platform performs well
by providing the features they need to make the highly liquid, 24-hour
currency marketplace completely accessible to them at their
fingertips," said Richard F. (Ric) Chappetto. Notional values for
forex trading via FX Express grew by 20 percent each month during
2007, and PFGBEST.com new accounts on FX Express are opening at a rate
of more than 200 per month, he added. Chappetto's role has been to
facilitate the global expansion of PFGBEST.com forex business. He has
been an industry innovator in e-forex trading systems for many years.
Most recently, Chappetto has engaged numerous partners and FX
Introducing Brokers to be part of the PFGBEST.com distribution
network.
In addition to the stable and accurate price feed that is the
backbone of FX Express, these features have made FX Express so vital
to traders and investors who customize it according to very personal
and specific standards:
-- FX Express offers advanced hedging and straddle functionality
-- Adjustable contract sizes onscreen
-- Multiple stops, limits and trailing stops on each trade to
manage risk
-- Streaming news alerts for breaking stories and market coverage
-- Technical and charting solutions
"There are so many ways the user can tailor this platform for
their forex trading," said Chappetto. "They can mix and match the
onscreen views of currency prices, hundreds of different technical
studies, account summaries, utilize a separate window for click
trading of currency pairs, and more." A trader can hedge using FX
Express to be simultaneously long and short in the same currency or
pair without incurring additional margin. FX Express also provides a
capability for traders to receive alerts for order execution.
PFGBEST.com offers standard and customized spot and futures
products and services. It serves individual traders, multinational
corporations, and institutions so that they can transact foreign
exchange requirements in the most liquid of environments, with ease
and efficiency. The company's notional volume in FX trading averages
more than US $85 billion per month.
PFGBEST.com is one of the largest non-clearing U.S. futures
commission merchants, with customers, affiliates and brokerage offices
in more than 80 countries. It offers a diverse range of trading and
investor products and services. The company is a leader in managed
funds and forex, full-service brokerage, trader education, research,
and direct online futures trading through its BEST Direct platform,
one of the first to deliver customer orders to the CME's Globex engine
in 1998. Please visit www.pfgbest.com.
PFGBEST.com
Media Contact:
Patricia Campbell, 312-775-3411, pcampbell@pfgbest.com
Copyright Business Wire 2007
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