With the introduction of additional price feeds, clients can access significantly tighter spreads as we pass on the benefits available to us from the Interbank market. Flexible spreads will also bring a greater degree of price-transparency to clients’ trades along with institutional-level pricing and lower transaction costs.
New York, NY (Vocus) October 9, 2009
New York, NY October 9, 2009 -- Alpari (US), LLC, a regulated Foreign Exchange company and global provider of online Forex trading, announced today that the company has introduced flexible spreads for all currency pairs. Flexible spread minimums will be reduced on average 30% and up to 60% for some currency pairs, compared with previous fixed spreads. The spreads will naturally widen during certain times of the day, periods of lower liquidity and when there is increased market volatility.
Olga Rybalkina, CEO of Alpari (US), LLC, commented: “With the introduction of additional price feeds, clients can access significantly tighter spreads as we pass on the benefits available to us from the Interbank market. Flexible spreads will also bring a greater degree of price-transparency to clients’ trades along with institutional-level pricing and lower transaction costs.”
Traders will now have access to the multibank feeds available to Alpari from liquidity providers such as JP Morgan, UBS, Duetsche Bank and Barclay’s Capital. Ms. Rybalkina adds, “This initiative is one of our first steps in providing our clients with better trading terms. We look forward to having the opportunity to tighten our spreads further in the future.”
The introduction of flexible spreads provides clients with a better indication of actual market conditions and insight on institutional trading. Fully understanding the dynamics of flexible spreads is the key to more informed and responsible trading with Alpari (US). Alpari Academy will soon feature new materials on the topic of spreads.
For more information in regards to creating a demo account, please visit http://www.alpari-us.com.
About Alpari (US)
Alpari (US), LLC is one of a group of Alpari companies with operations in New York, London, Shanghai, Dubai, Mumbai, Moscow and Kiev. Launched in Russia in 1998, where Alpari is now one of the current market leaders, the companies collectively have a presence in 6 countries with approximately 130,000 Live Accounts and monthly Forex trading volumes in excess of $140 billion*. The group of Alpari companies experienced an impressive growth in Live Accounts during 2008.
Alpari (US) was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA), Member ID: 0379679. With the growing success of its Forex business, Alpari (US) has now expanded its product base to offer U.S. exchange-traded futures and options to domestic and international investors, speculators, and institutions.
Please note that trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. For more information about the Forex industry and the regulatory protections offered to those who trade within it, please visit the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) websites at http://www.cftc.gov and http://www.nfa.futures.org.
*September 2009 data
For more information please contact:
Jaclyn Cole, Marketing Coordinator
Alpari (US), LLC
646.825.5760 x 554
jaclyn.cole (at) alpari-us (dot) com
caroline (at) andosciacommunications (dot) com