EFX Williamsburg Announces New FOREX Platform for Hedge Funds
Williamsburg, VA (ContentDesk) October 10, 2005 -- EFX Group/Williamsburg, a branch office of El Segundo, Calif.-based EFX Group and an introducing broker for MBTT announced a new FOREX trading platform for hedge funds and institutions.Unlike most FOREX trading firms, MBTT does not have a deal desk between you and your orders.
MBTT utilizes Straight Through Processing (STP), sending your orders directly to various banks and eliminating the potential for markup or spread manipulation.
STP also prevents instances where you may be re-quoted, which generally occur when it is in the deal desk's best interest to delay the execution of your order, acting against your best interests.
"There are a lot of myths about the FOREX market that we are shattering" says EFX Williamsburg Branch Manager Lee Young.
Fixed spreads are a way for FCMs to markup or markdown the best bid or offer.
FCMs do this to hide their fee into the price of the currency pair instead of displaying their best quote. Common sense tells you that no one works for free, so when you see an FCM claim they have no commission that should be a red flag. So how are they getting paid? Its simple... they are making money with the built-in markup/markdown in the spread.Our FCM, MBT Technologies, has nothing to hide. They offer tighter spreads with no markups/markdowns and openly display a low commission rate.
"We want customers to know the truth" says Young.Commissions based on total dollar amount traded monthlyAll retail accounts are initially charged $7 per $100,000 traded. At the end of each month, we will calculate the total dollar amount traded and issue a rebate based on the commission rate grid below. Tier 1????????????
up to $35 million = $7 per $100,000 traded??????Tier 2from $35 to $70 million = $6 per $100,000 traded??????Tier 3???over $71 million = $5 per $100,000 traded??? Hedge funds and institutions will automatically receive Tier 3 commissions at EFX Williamsburg - $5 per $100,000 traded.About EFX GroupEFX Group is an affiliated introducing firm for MBT Technologies (MBTT) that receives volume based referral fee for our service. As a member of the National Futures Association (NFA), MBT Technologies is accountable to stringent standards of capital adequacy and financial reporting. Foreign exchange trading involves substantial risk of loss and may not be suitable for everyone.
The possibility exists that you could sustain a loss of some or all of your initial investment, therefore, do not invest money you cannot afford to lose. Investors should only engage in trading after considering their financial situation, trading experience, loss tolerance, and other circumstances, therefore, it is advisable to seek independent advice if necessary. Risks are also associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.For more information visit www.efxgroup.com/williamsburg or contact Lee Young 757-345-5912.
Altegris Investments Announces New Director of Hedge Fund Research
La Jolla, CA (ContentDesk) July 6, 2006 Altegris Investments Inc. is pleased to announce that Michael Ding has joined the firm as the Director of Hedge Fund Research. Mr. Ding was previously Vice President, Research and Investment Management, for Abria Alternative Investments, Inc. in Toronto, Canada, where he worked since June of 2003.
Prior to this, he was a Senior Investment Analyst in Alternative Investments for the National Bank of Canada, and a Hedge Fund Research Analyst for the Northern Trust Company, in addition to several financial analyst roles.
