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EFUTURES AND SAXO BANK PARTNERING FOR ONLINE FX
Dateline: April 12, 2005 ... Platteville, WI
Contact Name: John D. Streich, President
Contact Phone: (800) 446-3887 or (608) 348-5980
E-mail: tradefx@efutures.com
Web Address: http://www.efuturesfx.com/
PLATTEVILLE, WI AND COPENHAGEN, DENMARK - April 12, 2005 - Efutures, an
operating division of First Capitol Group, is announcing the launch of
its fully automated foreign exchange trading platform. The platform,
"EZ-FX" offers trading execution, information and risk management in
real-time. With three account levels and the ability to handle
accounts in eleven currencies, the platform offers private traders and
institutions a state-of-the-art system. Online investors and traders
will be able to access 120+ currency crosses plus a managed FX
account.
Built on award-winning technology provided by the Danish investment
bank, the EZ-FX Trader offers private and institutional investors a
full-service suite of information, execution and risk management tools
for comprehensive online currency trading.
The EZ-FX TRADER contains a suite of 120 spot currency pairs
customized to three customer segments: EfuturesFX Mini, EfuturesFX
Premium, and EfuturesFX Institutional. Efutures President, John D.
Streich explains, "Our clients asked for a professional caliber
trading facility for FX and we're delivering. I believe this is the
best platform available and we've customized it to exceed client
requirements."
The three versions of the platform offer customized workspaces and
product coverage in line with graduating levels of investment. "For
our institutional clients with 0,000 and more in collateral, we're
able to offer narrower spreads," explains Streich. "Traders with
smaller exposure in the market can participate on the EfuturesFX Mini
with 100:1 leverage and an initial collateral investment of only
,000."
Efutures has operated in the online futures and commodities markets
for 15 years making the expansion into currencies a natural growth. As
Streich comments: "We're strong believers in the growing US market for
online FX trading ... all the press about the dollar losing value
against other major world currencies has generated great interest in
trading FX. This is truly a new asset class and due to our strong
partnership with Saxo Bank we are now able to deliver our customers a
total FX trading solution. In fact, through our EX-FX trading
platform, our clients can participate in the world's FX markets
commission free with some of the tightest spreads in the industry."
At Saxo Bank, Daniel Darst, Executive Director of Sales Strategy &
Marketing, welcomes the new partnership by stating, "We're delighted
to partner with Efutures. Our business model is based on local
partners with regional market presence and strong client interface.
They know the online market and they're smart, aggressive business
people, which makes our partnership a perfect match. Also, Efutures
and its larger relationship with Cargill Investor Services is a great
addition to the Saxo Bank family."
Streich adds, "We chose a Danish investment bank because, quite
simply, their platform is everything we want for our clients. I
believe real-time, streaming data and prices, news, charts,
competitive liquidity, tight spreads and speed of execution and
reporting will save our clients many dollars over the competition. In
fact, the platform aggregates liquidity from almost a dozen of the
largest banks and providers in the world. The platform is unique in
its functionality and its ease of use. We chose Saxo Bank because of
their IT focus, their investment in systems and enhancements and their
commitment to support us in our business plan."
About Saxo Bank
Saxo Bank A/S is an EU regulated investment bank specializing in
online trading, information delivery and risk management in global
capital markets products. Saxo Bank currently employs 285 employees
from 37 different countries aggregating FX liquidity from some of the
largest banks and providers in the world.
About Efutures
Efutures is a global forerunner in futures, options and currency
trading. With assets in excess of ,000,000, Futures Magazine ranked
Efutures as one of the 50 largest futures brokerages in the United
States in 2004. Efutures is committed to providing traders with the
highest quality and most innovative brokerage service available.
Efutures is a Futures Commission Merchant registered with the Commodity
Futures Trading Commission, member of the National Futures Association,
and a Cargill Investor Services joint venture.
For more information, please contact:
Ann Sophie Friis, Press Officer, Saxo Bank
E-mail: asg@saxobank.com
Direct phone: +45 3977 4358
Mobile: +45 3065 4358
John D. Streich, President, Efutures
E-mail: tradefx@efutures.com
Direct phone: (800) 446-3887 or (608) 348-5980
Web: http://www.efuturesfx.com/
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