Mercury Forex diversifies from spot, takes over FX24
Swiss currency manager Mercury Forex has launched a new investment vehicle as it diversifies away from spot foreign exchange. The new vehicle, FX24, is a trend-following discretionary trading programme that covers EUR/USD, gold, oil and the US S&P 500 index.
The new programme went live under Mercury Forex's trading umbrella on December 2 and is managed by Howard Wright and Peter Beyer. Wright is the technical analyst and is responsible for defining the trading methodology for the strategy, while
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