01/22/08 — FXCM's No Dealing Desk trading platform recently added an additional bank as a price provider, bringing the total to seven global banks that compete to provide pricing for FXCM's Trading Station. Over the last three months, typical spreads have already tightened.
Watch closely for lower spreads in the following currency pairs:
Spreads
Currency Pair
Typical Spread
As Low As
EUR/GBP
Euro – British Pound
2.4
0.6
EUR/USD
Euro – US Dollar
2.3
0.9
USD/JPY
US Dollar – Japanese Yen
2.9
0.5
NZD/USD
New Zealand Dollar – US Dollar
4
0.8
GBP/USD
British Pound – US Dollar
3.7
0.8
USD/CHF
US Dollar – Swiss Franc
3.8
1
AUD/USD
Australian Dollar – US Dollar
3.7
1
USD/CAD
US Dollar – Canadian Dollar
4.8
1
EUR/JPY
Euro – Japanese Yen
3.9
0.6
CHF/JPY
Swiss Franc – Japanese Yen
3.5
1
EUR/CHF
Euro – Swiss Franc
2
0.1
GBP/JPY
British Pound – Japanese Yen
5.3
3
FXCM's No Dealing Desk trading platform aims to provide transparent and fair execution. "Every trade is executed back to back with one of the world's premier banks, or financial institutions, which compete to provide FXCM with bid and ask prices," said Drew Niv, CEO of FXCM. The best spreads available to FXCM are streamed to you with a small mark-up, which is generally one pip or less for major currency pairs.
For a complete list of currency pairs and their new tighter spreads, please go to www.fxcm.com.
If you have any questions, please call one of our currency specialists, who are available 24 hours a day, at 888-503-6739, or e-mail us at info@fxcm.com.
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