REFCO Group has relaunched its electronic foreign exchange trading platform and named it REFCO FX ProTrader. The platform is aimed at professional currency traders.
“Our next generation trading model is a customer-driven virtual marketplace,” says Sandy Maggio, President and CEO, Refco Capital Markets Ltd. “Our clients deserve the robust capabilities that REFCO FX ProTrader offers, including exceptional liquidity, superior price transparency and the exponential benefits of having access to each other in addition to our distinguished consortium of banks.”
With more than $1.9 trillion traded in the FX markets each day, and activity by hedge funds increasing, REFCO FX ProTrader offers real-time executable streaming prices for spot, outrights and forwards, with the ability to view as many as 16 currencies at once.
Customizable screens and “point and click” execution, with automated processing and e-mail confirmations, aims to improve efficiency and risk monitoring and management. Trade history can be retrieved instantly and refreshes automatically.
REFCO FX ProTrader can be bought as a stand alone execution platform or be bundled with REFCO FX Clear.