Forex Trading
Trade CFDs on 100+ currency pairs and benefit from tight spreads and fast order execution.
Trade CFDs on 100+ currency pairs and benefit from tight spreads and fast order execution. The Foreign Exchange market is the world's largest and most liquid market and operates 24 hours a day, five days a week. The average amount of Forex trading totals $9 trillion a day, 30 times more than the entire daily volume at the New York Stock Exchange, according to industry experts. In recent years, we have seen a significant shift from voice trading to electronic trading, especially for foreign exchange trading across the globe and in Asia. Financial institutions, corporations, and investors are increasingly moving to electronic platforms for the benefits they bring in terms of operational efficiency and market transparency. Volume continues to grow, even as the market is changing structurally. Regulations such as Basel III require increased levels of capital, credit, and risk controls, forcing many banks to reassess their appetite for broad participation across all market segments. Regulations also mean that Forex professionals have to meet statutory compliance mandates and incur increased IT costs. Either way, everyone accepts that regulations are not going away, and operators need to innovate constantly to keep up with the global markets.
Giraffe has analyzed and evaluated the significant need for clarity and consistency across jurisdictions. Hence, it will offer its partners best in class trade practices, transparency, and compliance. The biggest industry trend is the move to technology and automation in the currency market. Today, nearly 70 percent of FX trades globally are done via electronic trading, according to industry sources. Those who have embraced new technology say it helps reduce operational risk, improves overall efficiency and reduces costs. In a new conservative risk environment, electronic trading offers significant advantages over practices such as phone trading. The current practice of trading over the phone is subject to price slippage during volatile markets, and this puts manual traders at a distinct disadvantage. Phone trading has low transparency and a more significant margin for confusion due to language barriers.
Electronic trading can eliminate verbal confusion. With e-trading, users can compare quotes from several banks in real time, improve price discovery, follow best practices and result in better pricing. Electronic trading doesn't need to come at the expense of client relationships either. The close, personal business relationships that have developed over many years are still important in the market. Technology can automate and bring efficiency without compromising on preferred business relationships. As local markets expand, it is also critical to accommodate local market practices and conventions in order to gain wider adoption.
