FXCM Debuts Currency Rates on the NYSE Trading Floor

It seems that FXCM marked a new frontier - to become world's premier currency rates supplier. FXCM just announced that it will stream rates on the NYSE floor and back in May 2011 it launched the Dow Jones FXCM Dollar Index (interview with CEO Drew Niv here). This would mean of course that FXCM steps into the territory of larger and more established currency players like Reuters and ICAP.

FXCM Inc. has created a special application specifically for showing currency rates on the floor of the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term. The rates, displayed in the four corners of the Main Room of the trading floor beneath the larger data boards, shows currency prices streamed from FXCM in real-time, 24 hours a day, Sunday through Friday.

The NYSE trading floor community and the NYSE’s onsite press will be able to follow current prices in eight of the world’s most active or important currency pairs, and also see charts for two of the most important currency pairs. The rate boards also display the NEW Dow Jones FXCM Dollar Index (DJI: ^USDOLLAR ), which reflects the change in value of the U.S dollar measured against a basket of the most liquid currencies in the world. FXCM can seamlessly change the pairs displayed at any time to feature the most important or active of the day as the markets change.

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