ACM sees positive effect of crisis on FX market
When asked about the effect of the current financial crisis on currency markets, ACM Chief Market Analyst, Peter Rosenstreich sounded very positive.
First Published by e-Forex News: October, 2008
When asked about the effect of the current financial crisis on currency markets, ACM Chief Market Analyst, Peter Rosenstreich sounded very positive. From a trading perspective the “current crisis is actually bolstering our online trading activities” said Rosenstreich. “We are seeing a significant migration of investors , leaving the stock market and investing in the most appealing market of the moment; the Foreign Exchange Market.
Unlike any structured product, the FX spot market contains no hidden risk. Trading on the spot market implies buying or selling the so called “underlying” asset itself.
“I don’t want to be insensitive to other financial institutions or brokers who are under stress , but the environment is very positive for us, volumes are growing everyday and our clients are trading more than ever” said ACM Chief Market Analyst.
Though most of the world’s stock markets are experiencing historical lows, “we have already exceeded 150 billion in monthly volume during September” added Rosenstreich. This is a clear indication of the very positive trend ACM is facing at the moment. After Geneva, Dubai and Montevideo, the online broker has strengthened its leadership with the opening of its U.S. based licensee ACM USA.