FXCM abandons currency programmes
The New York-based retail foreign exchange broker began marketing the FXCM Enhanced Dollar Index Programs, which exploit bullish or bearish dollar views, on May 19. However, demand for the product failed to match the company's expectations, said a spokesperson in New York.
"The demand for them has not been what we had hoped for and so we are not actively marketing them," the spokes-person said.
The programmes actively adjusted weightings of currencies and leverage to take advantage of market
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