Efutures has launched its fully automated foreign exchange trading platform. The platform, EZ-FX, offers trading execution, information and risk management in real-time. The platform offers three account levels and the ability to handle accounts in eleven currencies and online investors and traders will be able to access 120 currency crosses plus a managed FX account.
Built on technology provided by the Danish investment bank, Saxo, the EZ-FX Trader offers private and institutional investors a full-service suite of information, execution and risk management tools for comprehensive online currency trading.
The EZ-FX TRADER contains a suite of 120 spot currency pairs customized to three customer segments: EfuturesFX Mini, EfuturesFX Premium, and EfuturesFX Institutional.
The three versions of the platform offer customized workspaces and product coverage in line with graduating levels of investment. “For our institutional clients with $100,000 and more in collateral, we’re able to offer narrower spreads,” said Efutures President John Streich. “Traders with smaller exposure in the market can participate on the EfuturesFX Mini with 100:1 leverage and an initial collateral investment of only $5,000.”
At Saxo Bank, Daniel Darst, executive director of Sales Strategy & Marketing, said, “We’re delighted to partner with Efutures. Our business model is based on local partners with regional market presence and strong client interface. They know the online market and they’re smart, aggressive business people, which makes our partnership a perfect match. Also, Efutures and its larger relationship with Cargill Investor Services is a great addition to the Saxo Bank family.”
Streich said, “We chose a Danish investment bank because, quite simply, their platform is everything we want for our clients. I believe real-time, streaming data and prices, news, charts, competitive liquidity, tight spreads and speed of execution and reporting will save our clients many dollars over the competition. In fact, the platform aggregates liquidity from almost a dozen of the largest banks and providers in the world. The platform is unique in its functionality and its ease of use. We chose Saxo Bank because of their IT focus, their investment in systems and enhancements and their commitment to support us in our business plan.”