Transcend Capital Empowers Forex Trading with Institutional-Grade Technology
AUSTIN, Texas (December 7, 2011) – Transcend Capital (www.transcendcapitalfx.com) announced today that it is bringing its technological expertise in the trading industry to Forex Trading.
Hardly new to the industry, Transcend’s team includes former executives from CyBerCorp, the stock trading technology company that Charles Schwab bought for more than $500 million a decade ago.
In the intervening years, Transcend has been providing advanced trading technologies to fund managers, asset managers and traders of pension, mutual, and hedge funds. Transcend currently executes billions of shares a month.
“Our firm is dedicated to empowering traders and providing them with the best solutions,” said Butch Jones, Transcend’s CEO. “Today, we are extending that commitment to the Forex trading industry. We offer Forex traders the ability to open a Forex account with several firms, which we feel offer the best trading tools, service, education and overall value in the industry. “
Specifically, Transcend provides Forex traders with:
• Over a dozen powerful trading solutions, including the popular MetaTrader4 and Currenex platforms.
• Exclusive access to GreyBoxPro automated pattern recognition software*.
• Deep liquidity from top tier banks executable on the Currenex platform
• The ability to trade from your iPhone, iPad or Android or Windows-based phone, tablet or via the Web.
• Timely market analysis and reporting.
• Excellent customer care.
“Forex is the world’s most actively traded asset class,” said Jones. “That’s not about to change. In fact, we are seeing increased interest in this area from our existing customer base, which is attributable to the fact that new technologies can provide a tangible advantage.”
About Transcend Capital
Transcend Capital was established in 2001 to provide advanced, empowering technologies to the fund managers, asset managers and traders of the pension, mutual, and hedge funds of the world. Initially, the firm served a niche market, offering option-based hedging strategies for the market professional. Over time, Transcend evolved into a more robust brokerage with execution and clearing services for market professionals seeking superior customer service and technology.
The risk of loss in trading off-exchange currencies can be substantial, the use of software or pattern recognition software does not eliminate these risks. Before deciding to participate in Forex trading, you should carefully consider your investment objectives, experience, knowledge and risk tolerance to be sure that trading in Forex is appropriate for you. There are substantial risks in Forex trading; therefore you should not invest money that you cannot afford to lose. For a full disclosure about the risks associated with Forex trading please visit: http://transcendcapitalfx.com/RiskDisclosure.html
Dec. 19, 2011, 8:04 a.m. EST
Nadex Files to Offer Political Event Contracts
CHICAGO, Dec 19, 2011 (BUSINESS WIRE) -- The North American Derivatives Exchange (Nadex) today filed a notice of intent to offer for trading "Political Event Contracts" on the 2012 elections for President of the United States as well as majority party control of the U.S. Senate and U.S. House of Representatives. The filing serves to bring federal oversight to popular markets that have existed in an unregulated environment in the US and overseas for many years.
Nadex, a fully-regulated, retail exchange authorized by the Commodity Futures Trading Commission (CFTC) in 2004, offers self-directed market participants smaller-sized binary option trading in a wide-range of markets. Nadex plans to offer Political Event Contracts for trading as early as January 2012.
Political Event Contracts will allow Nadex market participants to take an economic position on the outcome of the most important national election results in 2012. For example, investors concerned about the elections' consequences for future tax policy could buy or sell a contract based on their expectations of outcomes on any or all of the elections for President or majorities in Congress.
Additionally, Political Event Contracts can offer a highly accurate predictive value of election outcomes, as evidenced by more than 15 years of trading on the unregulated Iowa Electronic Market, an academic research project of the University of Iowa. Similar markets in U.S. election outcomes have also been offered on unregulated offshore trading platforms, but these platforms are not contract markets designated by the CFTC.
"The public will benefit from federal oversight of these markets. Elections matter and investors have a huge interest in their outcome as there will undoubtedly be economic consequences," said Yossi Beinart, CEO and President of Nadex. "Indeed, the public benefits of Political Event Contracts go beyond mere risk management. These contracts also provide a real-time gauge of voter sentiment, which can be more valuable and more accurate than public opinion polls."
The Political Event Contracts are binary options with a settlement value of 0 or $100, which caps the maximum risk or reward. Market participants pay the full price of a contract (margin is not offered). Nadex limits speculative positions in all of its contracts, monitors large positions and clears and settles all trades in a transparent and timely manner. Contracts will be based on the following general criteria (full contract specifications will be posted on Nadex.com):
-- Presidential Election: contracts will be listed on all major candidates of any party or independents as of Jan. 1, 2012. The outcome will be determined by the winner of the election announced in Congress in January 2013.
-- Majority Control of U.S. Senate: contracts will be offered on Democratic and Republican Party control of the Senate. The outcome will be determined by whether a party holds 51 or more seats on the first day of the new Congress in January 2013.
-- Majority Control of U.S. House: contracts will be offered on Democratic and Republican Party control of the House of Representatives. The outcome will be determined by whether a party holds 218 or more seats on the first day of the new Congress in January 2013
About Nadex:
Nadex, headquartered in Chicago, is subject to regulatory oversight by the CFTC. Through Nadex, traders can hedge against or speculate on price movements in the currency, commodity, event, and equity index markets.
To learn more about Nadex, please visit http://www.nadex.com . For information on becoming a Nadex member, call 1-877-776-2339 or e-mail Dan.Cook@nadex.com.
Follow us on Twitter: Nadex_US
Futures and options trading involve risk and may not be appropriate for all investors. The information herein is for informational purposes and is not a solicitation or offer to buy or sell any particular product listed on Nadex. Past performance is not necessarily indicative of future results.
SOURCE: The North American Derivatives Exchange
