The trading provider is capitalising on increasing interest in oil trading.
With oil trading experiencing a surge in recent months, FXCM Group, LLC, announced this Wednesday that it has launched two new contracts for difference (CFD) products - UKOilSpot and USOilSpot.
FXCM is an online trading provider of foreign exchange (forex), CFD and cryptocurrency trading. The two new spot oil products will represent the current spot price of West Texas Intermediate and Brent Crude.
FXCM new products have no expiration
According to the statement from the international trading provider, customers who choose to trade these new products can leave their positions open indefinitely in order to avoid potentially thin Liquidity in the days leading up to the contract expiration.
With the addition of the new contracts, clients of FXCM can trade the broker’s existing contracts, USOil and UKOil, which have monthly expirations and are past on the front-month futures contracts, or they can trade the two new products announced today, which do not expire.
Oil products in demand
As Finance Magnates reported, in April of this year, for the first time in history, oil prices went negative with the price of May WTI futures contracts plummetting as the lockdown measures adopted by the coronavirus pandemic significantly reduced the demand for oil, resulting in much higher supply than demand.
Since this event, a number of trading and Liquidity Providers have launched new oil products. eToro created a new oil portfolio, called OilWorldWide, which gives retail investors exposure to 20 global companies across the oil sector, and IS Prime developed two new proprietary products the US Oil Index and the UK Oil Index, which are aimed to combat the inability of brokers’ trading systems to accept negative rates.
Commenting on the new product, Brendan Callan, CEO of FXCM said in the statement: “With the collapse of oil prices recently, many traders are thinking twice about which energy product to trade when looking to speculate.
“With the expansion of our oil offering, FXCM is catering to the increasing demand to trade oil markets, while providing traders with the opportunity to mitigate the risks that are associated with the futures markets.”
UKOilSpot and USOilSpot have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs, the company said. However, the new spot products do have a daily financing fee for holding positions past 5 pm EST.
With oil trading experiencing a surge in recent months, FXCM Group, LLC, announced this Wednesday that it has launched two new contracts for difference (CFD) products - UKOilSpot and USOilSpot.
FXCM is an online trading provider of foreign exchange (forex), CFD and cryptocurrency trading. The two new spot oil products will represent the current spot price of West Texas Intermediate and Brent Crude.
FXCM new products have no expiration
According to the statement from the international trading provider, customers who choose to trade these new products can leave their positions open indefinitely in order to avoid potentially thin Liquidity in the days leading up to the contract expiration.
With the addition of the new contracts, clients of FXCM can trade the broker’s existing contracts, USOil and UKOil, which have monthly expirations and are past on the front-month futures contracts, or they can trade the two new products announced today, which do not expire.
Oil products in demand
As Finance Magnates reported, in April of this year, for the first time in history, oil prices went negative with the price of May WTI futures contracts plummetting as the lockdown measures adopted by the coronavirus pandemic significantly reduced the demand for oil, resulting in much higher supply than demand.
Since this event, a number of trading and Liquidity Providers have launched new oil products. eToro created a new oil portfolio, called OilWorldWide, which gives retail investors exposure to 20 global companies across the oil sector, and IS Prime developed two new proprietary products the US Oil Index and the UK Oil Index, which are aimed to combat the inability of brokers’ trading systems to accept negative rates.
Commenting on the new product, Brendan Callan, CEO of FXCM said in the statement: “With the collapse of oil prices recently, many traders are thinking twice about which energy product to trade when looking to speculate.
“With the expansion of our oil offering, FXCM is catering to the increasing demand to trade oil markets, while providing traders with the opportunity to mitigate the risks that are associated with the futures markets.”
UKOilSpot and USOilSpot have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs, the company said. However, the new spot products do have a daily financing fee for holding positions past 5 pm EST.
UP Fintech's Q3 Revenue Soars 44% as Client Assets Double
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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📣 Stay updated with the latest in finance and trading!
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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