Tighter, Inside Spreads Now Offered for a Reasonable CommissionĪnother major improvement to TradeStation's forex service offering, which is being made available to all new and existing forex accounts, is to give clients much tighter spreads on their forex deals in exchange for a reasonable commission. The institutional traders who subscribed to Telerate for this TradeStation premium service generally used it to design, test and optimize their forex trading strategies. The TradeStation approach to forex strategy trading is already well known in the institutional forex trading community, as it was offered to institutional traders world-wide from 1996 through 2006 as a premium service for the Telerate feed. and abroad."Ĭurrently, it is estimated that daily forex trade volume for retail (as opposed to institutional) trader accounts is $25 to $50 billion, which represents only about 2% of the whole market, which is estimated to be approximately $1.9 trillion of daily volume for the traditional currency pairs. It is the most liquid market in the world and one that appears to be growing for individual traders in the U.S. "In other words, it is a 'local' market everywhere. "Forex is an international market," continued Sredni. While of course no assurances can be given, we hope for similar results with our integrated forex trading platform." "When we made this same change to our futures and options brokerage offerings, our account and trade activity in those areas grew rapidly.
"We believe the TradeStation platform will be a dominant force in the forex industry," said Salomon Sredni, CEO of TradeStation Group, the parent company of TradeStation. Forex trades may now be executed directly from the TradeStation order bar or market depth window, or through the use of macros or full automation. This "direct access" forex offering delivers to TradeStation clients the inside price transparency and automated and manual strategy trading capabilities they have come to expect from the firm's equities, equity option and electronic futures service offerings.
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