New York (Vocus) December 21, 2009
Alpari (US), LLC, a regulated Foreign Exchange company and global provider of online Forex trading announced today that it has launched the institutional trading platform, Alpari Direct Pro, powered by Currenex Technology®, a recognized and award-winning leader in the provision of innovative trading solutions to the active-trading segment of the Forex market. Alpari (US) has recently selected Newedge USA, LLC as it’s’ FX prime broker, allowing the company follow in the Alpari group footsteps, and enhance its’ service offerings to give clients a competitive edge in retail and institutional level trading.
Liquidity through Currenex ECN
Powered by Currenex® technology, Alpari Direct Pro is tailored to the advanced demands of institutional Forex investors, ranging from smaller banks and financial institutions to hedge funds and CTAs. Alpari Direct Pro delivers liquidity through Currenex ECN - aggregating feeds from multiple Tier-1 and Tier-2 banks - and displays depth of the market for transparent pricing.
Up to 100% commission rebate for the first 3 months*
True to the Alpari Group’s commitment to offering advanced trading technology at competitive prices, Alpari Direct Pro traders are eligible for a 100% commission rebate for the first 3 months. To qualify, clients will need to trade a volume (nominal) of $1 billion or currency equivalent per month (pro-rata) with commission being rebated at the end of each month. Thereafter, very competitive commission terms will be offered. With a minimum $20,000 deposit, Alpari Direct Pro traders can place orders from just 10,000 units of base currency and can start trading with 23 major currency pairs.
Straight through to the market
To ensure high-speed low latency execution and to empower traders with the tools to optimize market impact with reduced execution costs, Alpari Direct Pro features Straight Through Processing (STP), Non-Dealing Desk execution (NDD), 1-click trading, market depth for transparent pricing with fractional pips and integrated algorithmic models to support order execution.
Functionality to fit every strategy
Multiple order types give traders control over order timing and execution. Furthermore, Alpari Direct Pro features intuitive and fast keypad trading capabilities, pre and post-trade allocation solutions, trade averaging functions, sophisticated order management, and comprehensive reporting tools.
Commenting on the new platform, Andrey Vedikhin, co-founder of the Alpari Group stated, “The Alpari Group now provides its institutional clients with one of the most comprehensive selections of advanced trading tools and expert resources available from any online Forex trading provider. We are also committed to offering a commission structure – starting with a 100% full commission rebate for the first three months of the platform’s launch – that is highly competitive and as compelling as the platform itself. Lower cost trading matched with a high level of platform functionality is what institutions demand today, and this is the combination that we are committed to delivering.”
About the Alpari Group:
The Alpari Group is one of the world’s fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services, with 27 offices in 7 countries, including London, New York, Shanghai, Dubai, Mumbai, Moscow and Kiev. With over 400 employees worldwide, more than 160,000 Live accounts and a monthly turnover in excess of $100 billion**, the group of Alpari companies is one of the market leaders in Forex.
The Alpari Group was founded in Russia in 1998, where it is one of the current market leaders. 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.
Alpari (UK) was established in 2004. The company is based in the heart of the City of London, where it is authorized and regulated by the Financial Services Authority (FSA) and clients are covered by the Financial Services Compensation Scheme (FSCS) subject to their status and the nature of their claim.
Alpari (UK)’s Chinese Representative Office in Shanghai, and Alpari Emirates in Dubai, were established in 2008. Alpari Emirates is licensed by the Department of Economic Development, Dubai.
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.
For more information about this article, please contact:
Jaclyn Cole, Marketing Coordinator
Alpari (US), LLC
*Terms and conditions apply. The 100% Commission Rebate promotion period will begin December 21, 2009 and the commission rebate is subject to trading volume requirements.
**October 2009 data
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