NZDSPeCIALISt
Registered: May 2006
Posts: 304 |
08-14-06 04:14 PM
ABN AMRO launches Marketindex
http://www.abnamromarketindex.com/en/index.php5
Taken (and slightly edited) from another forum:
MarketIndex.com is a new trading platform operated by ABN AMRO, an international bank with more than 3400 branches in over 60 countries. The platform supports trading in spot currencies, stock indices, commodities, and bonds. Initially, the multi-asset service is available to residents of Germany --- but it is expected to be availabile in other countries shortly.
OANDA licensed some of its technology to ABN Amro for this endeavor. Hence, you will find the MarketIndex platform to have a look-and-feel and features similar to OANDA FXTrade, including:
*simple, ergonomic Graphical User Interface
*identical pricing for everyone
*flexible trade sizes
*immediate settlement
*continuous interest payments/charges instead of daily swaps
*BoxOptions
Perhaps the most significant is the spotification of futures contracts, such as stock indices and commodities. For the first time, retail clients will be able to enter into a position on, say Crude Oil or Natural Gas, in increments of 1 Euro and they can keep that position for as short or as long as they like without having to worry about expiration of contracts or swaps. Hence, retail clients can participate in various markets without the restrictions typically associated with those markets. For example, they are able to speculate in Crude Oil, or take hedging positions against the rise of gas prices in any size.
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