Getting too much sleep and relaxation? Not enough stress with your current day trading? Give currency trading a try:
Revolution in Currency Trading
TheFXMarket(tm)® is a revolutionary Internet based on-line foreign
exchange transaction system providing Traders and Dealers optimal market
efficiency. This new system is a proprietary electronic transaction and
price discovery process that acts as a transparent automatic Market
Maker. For each currency pair traded, a dynamically updating FX Order
Book(tm)® is displayed on the computer monitor, allowing Traders to see
both their orders and other outstanding orders. TheFXMarket system
internally matches marketable orders and tracks and displays
non-marketable limit/contingency orders in currency FX Order Books. It
instantly executes pending orders as called in the price discovery
process. All transactions are matched within the FX Order Book without
human discretion. This creates price movement derived from a fully
transparent and greatly improved market price discovery process. This
revolution in market functionality provides the easiest, quickest, and
most efficient, fair, and cost effective method to trade foreign
currency.
TheFXMarket developed by Forex Digital Services, Inc.
(www.ForexDigitalServices.com) is a forward-looking and enduring
approach providing Traders with direct and equal market access, fairness
and integrity. The natural evolution in markets is toward neutrality
and efficiency in price discovery. Access, price transparency, fair
business rules, and technological innovation equal better trading
results for market participants. Price transparency is essential to the
fundamental fairness, integrity and efficient performance of markets.
TheFXMarket trading platform is fully transparent, robustly displaying
the price discovery process and the full depth of the market, disclosing
volume and executed trade data to Traders. The process is truly neutral
in that there are no proprietary or principal internal trading processes
programmed into trade execution. With this new transparency, Traders
will find an astounding level of increased control of their business.
TheFXMarket system provides for narrower price spreads, allowing traders
to trade inside the traditional Bid and Offer spread. Traders will
receive the best of the best price on their orders as reflected in a
real market. TheFXMarket system does not discriminate arbitrarily
against any Trader, giving each order placed by a Trader the highest
level of exposure possible. Every order is given the best execution
available, as the same underlying business rules are applied to all
Traders. Instant executions of marketable orders and near instant
reporting reduce old barriers and obstacles and give Traders a greater
ability to control their own trading destiny. Traders can creatively
work their own orders based on the extensive amount of order information
available from the FX Order Book. This access and efficiency reduces
real transaction costs and increases trading profits. Faster execution
time also translates into more trading opportunities. TheFXMarket system
efficiency, capacity and stable underlying business rules provide for
extremely orderly markets. Orderly markets reduce market manipulation
and fraud while empowering competition among Traders.
The on-line trading platform is browser based, using Microsoft Internet
Explorer IE5, which allows for immediate installation, responsiveness,
flexibility and consistently managed state-of-the-art technology. The
trading platform/browser dynamically updates market data, the trading
blotter and portfolio information in real-time using XML (Extensible
Markup Language). The use of XML by Forex Digital Services, Inc. offers
the prospect of creating a globally accepted and cross-platform way of
managing and communicating foreign exchange transaction information.
With the development of TheFXMarket, XML has the momentum to become the
Forex international standard, creating a unifying universal
communications layer. A simple point and click process creates each
transaction. The system offers an array of order types including Limit,
Stop, OCO, Market, If Done Single and If Done OCO. With marketable
orders, Traders will experience round trip execution and confirmations
that are nearly instantaneous.
The individual Trader has full anonymity from the market place. The FX
Order Book dynamically displays all open orders but does not show the
source of any order or related orders. The source of an order is
protected from all participants in TheFXMarket other than the Trader's
sponsoring firm. Functionality is seamless "Straight Through
Processing" from a Trader's on-line browser/trading platform front end
to the Middle and BackOffice functions. Traders efficiently trade among
themselves with Settlement and Treasury functions handled by a
specialized not-for-profit Clearing Firm in conjunction with the
Treasury services of a major global bank. All Traders using
TheFXMarket must be sponsored by and the client of a participating
Foreign Exchange Dealer, Brokerage Firm or Bank. Forex Digital
Services, Inc., on behalf of the Trader's sponsoring firms, acts as
agent between the buyer and the seller when orders are transacted
through TheFXMarket.
At any time, a Trader can choose between TheFXMarket on-line system and
Dealer assisted order execution. Dealer assisted trades can be
communicated on-line through the system or by voice. While voice
trading offers no compelling advantages, Traders are free to communicate
with the Dealing Center for additional information, clarification or
special order placement. The trading platform/browser provides for chat
box direct messaging communication between a Trader and the Dealing
Center. The Dealing Center is provided by Forex Digital Services, Inc.,
or in some cases by a Foreign Exchange Dealer, Brokerage Firm or Bank
for its sponsored clients.
Traders are provided with four types of real-time quote data for any
traded currency pair, the last Bid or Offer in the InterBank market,
TheFXMarket FX Order Books best Bid and Offer, Open Orders and the Last
Trade. The best Bid and Offer data from TheFXMarket system FX Order
Book is shown on TheFXMarket.com site and is provided to outside data
vendors for worldwide distribution. When a Trader's Bid or Offer is
shown on TheFXMarket FX Order Book it has greater representation in the
market place than with traditional voice brokers. Worldwide, every
Trader using TheFXMarket is dynamically displayed the FX Order Book and
its real market data.
Sponsoring Foreign Exchange Dealers, Brokerage Firms or Banks can view
their own clients' records in real-time. These real-time updates of
Margin and Account Records, together with electronic audit trails,
provide security for all participants. TheFXMarket includes redundant
margin risk control using its Global FX Margin System(tm)® and liability
management systems. These management systems provide a balance between
the legitimate need of sponsoring firms to monitor client relationships
and their need to limit credit exposure and any unfair denial of access
of their clients to the market place. Sponsoring firms can manage their
client base in a manner that is consistent with their need to recover
cost and make a profit. For many sponsoring firms participation will
increase risk control, reduce overhead, improve client relationship
management and relieve the burden of manually handling retail and
wholesale client orders.
Forex Digital Services, Inc. has built a specialized Foreign Exchange
network around its new, feature rich TheFXMarket transaction systems.
With built-in redundancy in its software and hardware, the transaction
system is designed for optimal performance and unlimited capacity. An
exciting new World Wide Web vertical portal
(www.TheFXMarket.com) will support TheFXMarket system. This Forex
specialty portal will supply information and educational programs
helpful to all levels of Traders and is scheduled to be launched on July
30th.
_____
For more information about the services provided by Forex Digital
Services, Inc., please contact:
Jim Harvill
Program Coordinator
Forex Digital Services, Inc.
Suite 201-M
619 North 35th Street
Seattle, Washington 98103
USA
Tel: +1 (206) 634-4259
Fax: +1 (206) 634-4243
<mailto:jim@ForexDigitalServices.com>
forexdigitalservices.com
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