Deutsche Bank to host Forex seminar
Dubai, April 20, 2008
Deutsche Bank, a leading global investment bank, will hold a seminar in Dubai at which managing director within private client sales Roger Posch will discuss Deutsche Bank’s views on the US dollar and global markets.
The event will be held on April 28 at the Dusit Dubai Hotel, 133 Shaikh Zayed Road, Dubai, from 6pm to 8.30pm.
Posch and senior specialists from Deutsche Bank will examine key regional issues such as whether the dollar’s decline has finally stopped and global issues such as the effect of the credit crunch on the world economy and FX markets, said an official spokesman.
As part of the seminar, Deutsche Bank, the world’s number one in foreign exchange trading, will also demonstrate its market leading retail FX online trading platform, dbFX.com.
Once seen as the preserve of major investment institutions and corporates, the development of online trading products, such as dbFX.com, is increasing the accessibility of FX trading to family offices and private investors in the GCC region.
As the only international investment bank to have launched an Arabic retail FX online service in response to strong demand from the Middle East, dbfxarabic.com, Deutsche Bank is now investing in a regional programme of events and workshops to help educate clients about the benefits of FX, how to choose the right FX provider and trading strategies to maximize potential investment returns.
Attendees will be able to trial the various features of dbFX.com which include: being able to trade directly with the FX market’s number one price provider; access to Deutsche Bank’s research and charts; world class trading execution in all market conditions; live streaming quotes 24 hours a day; 34 currency pairs; margin trading with up to 100:1 leverage and the ability to open an account for as little as $5000.
According to global sales manager at dbFX Betsy Waters Middle Eastern investors are perceptibly adopting FX as a new asset class alongside the more traditional asset classes of equities and bonds.
“FX is being used increasingly by investors in the region to hedge and speculate,” said Waters. “With over US$1.7trillion traded on the FX markets daily, more than 20 times the daily turnover of the New York Stock Exchange, it’s clear that this is a highly liquid market. In addition, while FX returns are not guaranteed, returns demonstrate low correlation to bond or equity markets and a lower rate of volatility.”
Launched in 2006, dbFX.com is available in multiple languages, is accessible in over 70 countries around the world and has 34 currency pairs available to investors on its platform.
Deutsche Bank was ranked the No 1 Foreign Exchange Bank in 2007 by Euromoney magazine for the third year running. – TradeArabia News Service