Wednesday, November 11, 2009

Landmarks in 2009


Nasdaq has partnered with IKON to offer NFX World Currencies Futures.

Ikon is proud to inform that Nasdaq OMX Futures Exchange partners with Ikon Global Markets to offer Nasdaq Futures Exchange products to retail and institutional clients. >>more

As the leading market in the Middle East for Foreign Exchange and Bullion Derivatives (1 million contracts with a notional value of US$52 Billion for the period Jan to Sept 2008), the promoters of the Dubai Gold & Commodities Exchange (“DGCX”) selected Ikon FX to be a primary market maker. In the 12 months since activation, Ikon FX has been responsible for 30% of the daily turnover on FX products and is consistently a top 5 volume leader.

Ikon FX was also appointed a primary market maker on NASADQ/PHLX. The launch of the WCFO product by NASDAQ/PHLX marked a new beginning for retail investors to participate in the global foreign exchange marketplace. By structuring their product around smaller contract sizes, the WCFO has developed open interest (the amount of open long and short contracts) of US$7.5 Billion notional amount. Ikon FX was selected for their technology expertise, integrity and market making acumen.
Through our vaunted Core Options Platform, Ikon FX has become the largest market maker in the USA of Electronic FX Options to retail investors/traders.
Ikon FX also entered into a strategic partnership with Currenex Technologies, Inc. to offer all traders access to the Currenex trading platform. The new partnership is called Ikon Currenex Viking Platform.
Upon FXALL (an institutional FX liquidity aggregator) developing a retail product (ACCELOR), Ikon FX was selected to be the first active market maker on the platform. Ikon FX was the first firm to successfully integrate their proprietary pricing applet into the system and has been a daily active market participant.

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