Global Forex brokerage house to establish in Dubai

An initial public offering (IPO) is planned in 2006.

The group, comprising experienced European foreign exchange (Forex) participants residing in the UAE, are also opening up for serious investors to build up a Forex brokerage house based on an outstanding new software application. The state-of-the-art software application has proven to be not only faster, but more accurate than competitive systems.

"The Forex trading markets are growing faster every day and offer exciting profit potential for brokerage houses. The formal establishment of the new company will attract day traders from around the world. We are currently collaborating with Citibank and Deutsche Bank among others. These agreements minimize our risk, and will guarantee our clients a trading power of $600m," explains Morten O. Andersen, Project Manager at OneSecondTrade.com. "By inviting few but serious investors to participate in the development of the new trading house, we aim to be an important challenger in the vital Forex markets. We seek investors who can contribute with strategic planning for a solid development of a successful online brokerage house."

Fastest growing market
Online currency trading is the largest financial market in the world, as well as the fastest growing. More than $200 billion is traded every day, of which 95% is speculative. Forex gives a better liquidity than stocks and traders are guaranteed an exit of their position at any time. The Forex market was opened to individuals as recently as 1997, and it has experienced a tremendous growth ever since the beginning.

"We are designing an automated trading platform with an interface that is far simpler to use than any other system in the market today. This will open up doors to a huge number of potential clients, currently excluded due to difficulties with today`s complex trading platforms," continues Andersen.

The state-of-the-art software application keeps an eye on the markets and will ensure correct quotes to the clients every millisecond. "Although the market has opened to individuals, they need a great portion of knowledge to enter the market. Our trading platform will allow anyone to trade, even those with absolutely no knowledge of trading or the foreign currency market," he concludes.