Advanced Markets launches Energy and new currency offerings

Advanced Markets Ltd.

First Published by e-Forex News: October, 2014

Advanced Markets Ltd., a wholesale provider of liquidity, technology and credit solutions, has launched trading in spot crude oil, Russian ruble and Thai baht. The launch of the new products marks the firm’s entry into energy trading and expands its offering of non-G10 currencies. 

 

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The new spot oil contracts are tied to the most widely traded delivery points and grades of crude oil: West Texas Intermediate (WTI) and Brent. As spot instruments, they follow spot FX conventions, including overnight rolls charged or paid and funding charges evenly spread over the month rather than the once monthly jump associated with CFDs. “In launching energy products we saw an opportunity to add value with a differentiated, spot product,” said Anthony Brocco, Executive Chairman.