Currency trade volume surges.DUBAI Dubai (d  bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf. : The growth rate of foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the is surging ahead
in the Middle East, says Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank .
The growth of foreign exchange trading volumes in the retail foreign exchange market in the Middle East has increased significantly since Deutsche Bank launched the Arabic version of its online foreign exchange trading service, dbFX. "The increase in foreign exchange trading volumes on dbFX is already exceeding our expectations," dbFX head of sales EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. Catherine Hardiman For people named Hardiman, see . Hardiman was the first attempt to build a practical powered exoskeleton, by General Electric in 1965. The machine was intended to allow the wearer to lift loads of 1500 pounds with ease. The project was not successful. said. "We launched the Arabic version of dbFX, dbfxarabic.com, in October October: see month. last year and by last month the level of interest from investors in the region visiting the website has doubled." Deutsche Bank's Currency Return Index, which tracks the performance of a diverse foreign exchange investment portfolio, indicates that foreign exchange generated higher annualised returns between 1980 and 2006 than either the S&P 500 or the MSCI. In addition, foreign exchange delivered annualised total returns of 11 per cent between 1980 and 2006. The consistent returns of foreign exchange compares favourably to total returns for bonds of 9pc and 12pc for equities over the same period. "Middle Eastern investors are rapidly discovering the benefits of online foreign exchange trading and we expect to see significant growth this year in the region," says Hardiman. Copyright [c] 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
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