The positive effect of the financial crisis on FX.

publication date: Oct 9, 2008

ACM, Advanced Currency Markets, Chief Market Analyst Peter Rosenstreich on the positive effect of the financial crisis on FX.

When asked about the effect of the current financial crisis on currency markets, ACM Chief Market Analyst 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. ACM business model is devised to combine the fastest most reliable technology with extremely attractive trading conditions and fast, effortless account opening facilities.