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FXCM Launches Its Enhanced Dollar Index Programs

FXCM, recently introduced the Enhanced Dollar Index Programs. These programs, which use the DXY Index as a benchmark, let investors take a position based on the direction of the dollar without having to trade the dollar themselves.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Apr 15, 2008 – FXCM Launches Its
Enhanced Dollar Index Programs

New York, April 15, 2008

FXCM (www.fxcm.com), one of the largest Forex Dealer Members, recently introduced the Enhanced Dollar Index Programs. These programs, which use the DXY Index as a benchmark, let investors take a position based on the direction of the dollar without having to trade the dollar themselves, seeking to outperform the DXY Index.

The difference:

FXCM Enhanced Dollar Index Programs
•   Actively adjusted weightings of currencies and leverage to take advantage of market conditions*
•   Ability to switch between the Dollar Bull and Dollar Bear programs with no additional fees or commissions

Most ETFs and Currency Index Products
•   Passive Investment
•   Fixed weightings of currencies and either unleveraged or set leverage.
   
The FXCM Enhanced Dollar Index Programs were developed by the systems trading desk at FXCM with direction from DailyFX.com analysts. Using proprietary FXCM order flow data, these actively managed programs are exclusively available through FXCM. The FXCM Enhanced Dollar Index Programs use sophisticated, back-tested strategies designed to minimize loss and aim to provide a higher return on investment than just investing in the Index directly.**

The FXCM Enhanced Dollar Index programs are different from other currency ETFs or currency futures indexes, which traditionally do not optimize their positions based on market conditions. The FXCM Dollar-Bull Index Account Program beat the DXY Index 3 out of 5 years, and the FXCM Dollar-Bear Index Account Program beat the DXY Index 4 out of 5 years.***

You choose:

•   If you forecast the dollar will rise, you would invest in
The Dollar Bullish Program: http://www.fxcm.com/enhanced-dollar-bull-index.jsp

•   If you forecast the dollar will fall you would invest in
The Dollar Bearish Program: http://www.fxcm.com/enhanced-dollar-bear-index.jsp

For more information on FXCM Enhanced Dollar Index Programs, and to see past performance, please visit www.FXCM.com

* Without proper risk management, a high degree of leverage can lead to large losses as well as gains.

** The Bull and Bear programs of the FXCM Enhanced Index Programs will perform contrary to each other as they seek to profit from opposing views of the dollar. Through the use of active strategies, the FXCM Enhanced Index Programs aim to bias returns to the upside, i.e., to provide larger gains if the currency in one program moves in its selected direction, while minimizing losses in the counter-program.

*** This claim is based on a comparison between the actual currency index and a retrospective, back-tested analysis of the FXCM Enhanced Index Programs during the relevant time period. Hypothetical performance results may have many inherent limitations, some of which are described in the risk warning. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points that can adversely affect actual real trading results.

#  #  #

FXCM Facts
•   Forex Capital Markets LLC is one of the Largest Forex Dealer Members
•   More than 100,000 live accounts are traded on FXCM trading platforms
•   As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
•   As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
•   FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
#  #  #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

More Information:
Jaclyn Sales
Public Relations Coordinator
FXCM
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
jsales@fxcm.com
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Issued By:FXCM
Email:Click to contact author
Categories:Banking, Business, Finance
Tags:Fxcm, etfs, Index, Currency, Forex, managed account

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