City Index Cuts Spreads on Key FX Pairs

City Index, a provider of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX), commodities, and contracts-for-difference (CFDs), has opted to reduce its spread across a pantheon of its currency pair offerings, part of an effort to lower the costs of trading incurred by clients and market participants, according to a City statement.

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The new spreads reflect changes across multiple FX pairs, including the AUD/USD, EUR/USD, USD/JPY, and GBP/USD. The first three pairs will each see a reduction in spreads, priced from 0.5 points, while the latter instance will be priced from 0.8 points – by extension the EUR/GBP will also see its spreads reduced to 0.5 points.

One of the main drivers of this strategy is to extend the tent to new traders, whilst also helping create lower costs for existing clients via more valued trading. According to Samantha Roady, President of Retail at GAIN Capital, in a statement on the spread changes: "Our decision to tighten our spreads on major FX pairs highlights our continuing commitment to delivering the best possible value to our traders.”

"Moving our FX spreads to variable allows us to better reflect available market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, while lowering the overall cost of trading for our clients. Our new FX spreads are amongst the best in the market and reflect the substantial FX liquidity of our parent company, GAIN Capital, one of the world's largest retail brokers,” she added.