whipsaw Posted December 29, 2007 Report Share Posted December 29, 2007 Avalon Capital Holdings Corporation (Pink Sheets:AVAL) and its wholly owned subsidiary, Traders Development LLC, announced today the addition of the financial instrument known as Contracts for Differences, or “CFDs”, to the Company’s proprietary Avalon FX Pro™ 4.1 Trading Platform. By introducing CFDs, Avalon Capital Holdings, and its wholly owned subsidiary, Traders Development LLC, intend to broaden the range of firms that will utilize the Avalon FX Pro™ Trading Platform. The trading of CFDs has grown tremendously over recent years especially in the European and Asian markets. According to industry research, CFD-related hedging is estimated to account for more than 25% of the volume on the London Stock Exchange. The Company foresees growth in CFDs to continue as electronic trading becomes more accessible to individual investors. In making the announcement, Mitchell Eaglstein, COO of the Avalon Capital Holdings Corporation, stated, “We are offering CFDs in response to market demand for the integration of CFDs with Foreign Exchange Trading through a single trading platform. Furthermore, the Company views CFDs as an opportunity to capitalize on recent growth trends in the CFD market space and enhance the range of services provided to our clients. In the future, we plan to add more trading instruments to the Avalon FX Pro™ Trading Platform.” About Avalon Capital Holdings Corporation Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange (“Forex”), the world's largest capital market according to The Bank of International Settlements. For additional information please visit www.avaloncapitalholdings.com or email info@avaloncapitalholdings.com. About Traders Development, LLC Traders Development, LLC is a financial software company based in Irvine, California. Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro™. For additional information contact info@tradersdevelopment.com. Artikel: Business Wire © 2007 Business Wire Link to comment Share on other sites More sharing options...
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