Wednesday, April 15, 2009

Betting on low-cost forex trading

Betting on low-cost forex trading


By CONRAD TAN

HALFWAY across the world, a firm started by just two people is hoping to change the way most people view the world's vast currency markets.

New York-based Oanda Corp aims to lower the cost of trading currencies to near zero, even for retail customers who have traditionally had to pay more than large institutions, its chairman and co-founder Richard Olsen told BT on a recent trip to Singapore.

'Currency is just a commodity. We want to really commoditise it - to bring down spreads to ultra-low levels,' he said. Link.......

Today's Market Update


Today's Market Update

London Session
Published: April 15, 2009 7:54 AM

Risk was pared as Switzerland's largest bank announced it is cutting about 7500 jobs, in a sign that the financial market turmoil is still far from over. European bourses were about flat on average while US shares were trading just a touch in the red moments ago. Gold recovered about $4 towards 895/896 and should once again flirt with 900 resistance in NY now. Link.........

nice day

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