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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (23613)	8/23/1999 12:26:00 PM
From: j.o.	Respond to of 99985

Good point, LG. On indextrade.com, we are essentially a private market-maker. We created a website where we offer constantly updated 2-way prices on a consistent spread. We offer both Indexes which are settled against the daily closing price of a given market, as well as 3-month contracts. We offer a wide range of products, and no individual stocks. Gold, oil, German DAX, SP500 are all tradable in the same way - from $1 per "tic". And customers only pay for the "risk" on the trade. But unlike the exchange, where the broker has your account, and you're trading against market makers via an exchange clearing house, on IndexTrade we offer "one-stop" trading. Individuals hold their accounts with us (which will tend to be small due to the leveraged nature of the products) and effectively trade against us. We act as a clearing-house for the risk - matching what we can and hedging the rest. So we act as liquidity providers in the market - we always offer 2-ways, and the bid/offer spread never widens, even during thin trading. We are presently located in Antigua, in the Caribbean, due to the fact that varying regulations from country-to-country make it important to start from a flexible base. It is our ambition to bring IndexTrade onshore in the US once sufficient regulation is in place. We face the exciting challenge of offering an internationally accessible financial service in a world where such products are often treated differently in different countries. Our success can therefore only be ensured by us holding ourselves to a very high standard of customer satisfaction, thereby earning the right to bring this onshore. Sorry for the long post, but I hope that this helps to clarify what we're trying to do. Thanks for listening! Good trading, j.o. indextrade.com