Precious Metals to trading platform by MahiFX
MahiFX, the proprietary built retail foreign exchange trading platform, has launched the facility forforeign exchange traders to trade precious metals with the introduction of gold and silver to its offering.
The precious metals are tradable against the US Dollar and at launch spreads in XAG/USD and XAU/USD will be 30 and 50 pips respectively during London hours.
“The introduction of gold and silver as an asset class represents one of many developments we have been working on to build out our product offering and enable traders to diversify their investment portfolio,” says David Cooney, CEO of MahiFX. “Gold has been falling since September and there is significant market interest around forthcoming price movements with many commentators predicting that gold is about to make a break out – the question is whether it will be on the upside or fall further. MahiFX clients can now express their own views on this exciting market.”
MahiFX, operating as a market maker is developed by ex-interbank traders, analysts and developers, is headed by David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and Susan Cooney, former head of electronic FX institutional sales in Europe for Barclays Capital.