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March 31, 2005

Efutures.com and Saxo Bank unveil online FX trading platform

Efutures.com of Platteville, Wisconsin and Danish investment bank Saxo Bank have collaborated to launch a new automated foreign exchange trading platform, the EZ-FX.

By CBR Staff Writer

According to the companies, the new service offers private and institutional investors trading execution, information and risk management in real-time. Users will also be able to access 120+ currency crosses plus a managed FX account.

There are three versions of the EZ-FX system that offer customized workspaces and product coverage in line with graduating levels of investment. Efutures.com president John Streich explained: For our institutional clients with $100,000 and more in collateral, we’re able to offer narrower spreads…Traders with smaller exposure in the market can participate on the EfuturesFX Mini with 100:1 leverage and an initial collateral investment of only $5,000.

Efutures.com operates in the online futures and commodities markets. Saxo Bank currently offers its own online trading platform, SaxoTrader, which enables clients to trade currencies, shares, CFD contracts, futures, options and other derivatives as well as portfolio management.

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