German Broker FXFlat to Launch Forex Futures to Meet Demand

German foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) broker FXFlat continues to grow its offering and announced this week that it is planning on expanding its futures portfolio to include forex futures.

The announcement comes just over a month after the German broker launched trading on exchange-traded futures (ETFs) for its clients. This offering was launched as the company continues to complement its offering that currently includes FX, CFDs, and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

Since launching ETFs back in May, the broker has seen solid demand for its products. Specifically, since the broker started offering Eurex and CME futures on May 1, nearly 10,000 contracts have been processed in this sector.

Commenting on the announcement Samed Yilmaz CFOO of FXFlat Wertpapierhandelsbank GmbH said: "It was clear to us that an exciting financial instrument such as futures would be of great interest to traders.

“However, this huge request for futures on the futures exchanges Eurex and CME surprised us even - of course in a good way. We will expand our futures portfolio shortly in the area of ​​forex futures.”

Although the broker hasn’t given an exact date, last time the firm launched ETFs, it conducted a two-week beta test phase for selected clients. Whether this will happen for the FX futures is unclear.

Brokers Continue to Expand Offering, Head into Cryptos and Stocks

In Europe, the FX and CFD market has a lot of players. In order to stand out, which has become even more important post-ESMA product interventions, brokers are expanding their product offerings.

As Finance Magnates reported, many brokers are diversifying their product offering by venturing into crypto. This week, AvaTrade continued to scale up its crypto portfolio by adding three new crypto CFDs.

Other brokers have been also heading in a different direction, such as stocks. JFD Brokers, which has since been renamed to JFD Bank launched commission-free stock trading in February.