John
05-04-2009, 11:00 AM
Online currency trading platform FOREX.com launched in Europe on Monday, offering retail investors across the continent another way to trade in the $3.2 trillion (2.14 trillion pound) a day market.
The platform will allow individual investors to trade in 37 currency pairs, as well as gold and silver, around the clock for five days a week, FOREX.com said in a statement.
The launch in Europe comes five years after its debut in the United States, and there are plans to roll out the service in Asia later this year, it said.
FOREX.com has average monthly volume of almost $200 billion. Independent financial services firm Aite Group has estimated that average daily volume in global retail FX trading could reach $110 billion this year. FOREX.com is the online FX trading arm of GAIN Capital Holdings Inc.
The platform will allow individual investors to trade in 37 currency pairs, as well as gold and silver, around the clock for five days a week, FOREX.com said in a statement.
The launch in Europe comes five years after its debut in the United States, and there are plans to roll out the service in Asia later this year, it said.
FOREX.com has average monthly volume of almost $200 billion. Independent financial services firm Aite Group has estimated that average daily volume in global retail FX trading could reach $110 billion this year. FOREX.com is the online FX trading arm of GAIN Capital Holdings Inc.