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FXDD to offer Chinese Renminbi (USD/CNH) trading

Sep 20 2011
By
Forexbrokerz.com
 
FXDD, the retail forex broker that proved to be a real ECN launching a "Trade inside the spread" feature six months ago, today announced the addition of USD/CNH and three more currency pairs to its trading platfrom. Thus FXDD becomes the second broker offering USD/CNH trading. Saxo bank introduced the offshore chinese renminbi trading last week, and OANDA is the only broker that offers USD/CNY trading.
 
NEW YORK, Sept. 20, 2011 /PRNewswire/ -- FXDD, a leader in online Forex trading and education, today announced the addition of four new currency pairs available to all retail currency traders:
 
 
- United States Dollar/Offshore Renminbi (USD/CNH)
- Euro/Turkish Lira (EUR/TRY)
- United States Dollar/Singapore Dollar (USD/SGD)
- United States Dollar/ Hong Kong Dollar (USD/HKD)
 
 
FXDD's addition of the United States Dollar/Offshore Renminbi (USD/CNH) marks the first time a retail Forex broker is offering the USD/CNH pair to retail currency traders. The CNH, first launched as a proxy for the Chinese Renminbi in July 2010, was unavailable until now to retail traders.
 
The addition of the USD/CNH, EUR/TRY, USD/SGD, and USD/HKD positions FXDD at the forefront of emerging markets around the globe and ensures that FXDD customers have the ability to access competitive spreads, world-class customer service and top-tier Forex education. With the addition of these four new pairs, FXDD now offers twenty-seven currency pairs to its retail clients.
 
"We're proud to be the first retail brokerage to offer the USD/CNH pair to its clients," said Lubomir Kaneti, Chief Operating Officer at FXDD. "We always strive to be at the forefront of the Forex industry and the ability to trade these new pairs was in direct response to demand from FXDD customers and traders throughout the world."
 
Spreads in these new pairs will be competitive. To see live spreads, please request a free FXDD Demo Account.
 
About FXDD
 
FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association (NFA), is headquartered in New York City's 7 World Trade Center.  FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader, PowerTrader (Currenex) and MirrorTrader. The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution.  FXDD also provides 50:1 leverage in the US, as well as competitive bid-to-ask spreads.
 
About FXDD Europe
 
FXDD Europe (www.global.fxdd.com), a Foreign Exchange Dealer licensed as a Category 3 in terms of the Investment Services Act by the Malta Financial Services Authority, is headquartered in Valletta, Malta.  FXDD Europe is a leader in online Forex trading and education, dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity.  FXDD Europe provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world.  FXDD Europe offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, PowerTrader, Mirror Trader, and FXDDTrader.  FXDD Europe provides competitive interbank pricing, no-interest accounts, and fully-automated execution.  FXDD Europe offers 200:1 leverage, as well as competitive spreads.
 
More about CNH market read here
 
TAGS: fxdd  chinese yuan  Chinese Renminbi  trading  USD/CNH  USD/CNY 

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