FXDD Joins Dukascopy Bank SA in a White Label Partnership Leading Online Forex Brokers Partner to Offer JForex to US Clients
NEW YORK, July 1, 2011 /PRNewswire/ -- FXDD, a leader in online Forex trading, today announced a white label partnership with top online Swiss bank, Dukascopy Bank SA. The partnership will allow US-clients to trade on the globally popular JForex platform. The partnership also allows FXDD to broaden its reach in the global marketplace by offering Dukascopy Bank SA's JForex platform in its suite of Forex trading interfaces. The platform will be called FXDD JForex.
"Our white label partnership is a great opportunity for two leading Forex brokers to work together to offer the JForex trading platform to US-based traders," said Lubomir Kaneti, FXDD's Chief Operating Officer. "A relationship with Dukascopy Bank SA represents a great opportunity for FXDD and is a testament to our commitment to reliable trade execution and outstanding customer service."
The regulatory environment of Foreign Exchange trading in the United States will be subject to changes mandated by the Dodd-Frank Wall Street Reform Act that go into effect on July 16, 2011. As a result, US based retail traders must trade with a US broker. The white label partnership will afford the opportunity for US-based Dukascopy Bank SA clients to continue to use the JForex platform with FXDD. The FXDD JForex platform will also be available to new retail Forex traders in the United States.
Alain Broyon, CEO of Dukascopy Bank SA said, "We are proud to announce this collaboration between two leading companies in the Forex market. By doing so, Dukascopy Bank SA builds up its position as a liquidity provider and an online Forex trading technology company. This cooperation will allow US clients to continue accessing Dukascopy Bank SA's advanced FX technology."
FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City's 7 World Trade Center. FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader, PowerTrader and FXDDAuto. The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 50:1 leverage in the US, as well as competitive bid-to-ask spreads.