Forex Futures being launched by FXFlat
FXFlat, a German Foreign Forex Exchange, announced that they would continue their expansion of products. In the coming weeks, the futures catalogue be will be enhanced with Forex Futures. This press announcement comes after the German Exchange released Traded Futures to clients a few months ago. This indicates that the Futures products provided are growing in trading volume. Available through FXFlat are CFDs, FXs and Cryptocurrency Futures.
Since the exchange made ETFs available to clients in May 2019, there has been an increased demand for new products. In the period since they released ETFs, there have been more than ten thousand contracts processed.
The Chief Financial Officer at FXFlat, SamedYilmax, spoke freely during the press announcement by saying: “It was clear to us that a new 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.”
There has already been a two-week beta phase for the Forex Futures at FXFlat. However, there weren’t any indicators during the announcement for when the new products would be released explicitly to clientele.
AvaTrade& JFD Bank Fight to Stand Out
The European CFD & FX Markets have grown dramatically in recent years. Brokerages need to provide services or features that make them unique. This has increasingly become harder as the European Securities and Markets Authority continually released need product intervention measures. None the less, brokerages and exchanges are still releasing need products. The majority of brokerages are beginning to move to the cryptocurrency market, diversifying their portfolio in the process. The brokerages to watch out for in the coming months include AvaTrade and JFD Bank, both of which maintain unique services.
AvaTrade has enhanced their product offerings by releasing three new cryptocurrency pairings, While JFD Brokers is maintaining commission-free stock trading in its exchange. In a market where there is so much competition, these are two unique ways to stand out and FXFlat so review over these brokerages to ascertain how they can stand out from the rest as well.