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Live Streaming Quotes

Fast Order Entry
Price Guarantee
Immediate Confirmations

The prices on the Refco FX trading station are not indications of where the market is trading, but actual prices at which a trader can buy or sell the currency pair. With two clicks of the mouse, Cannon Trading clients can execute a trade at the screen price. There are several other systems in the market that make a distinction between indicative quotes and executable prices. Although such systems show two-way prices, the client must request a quote to find out the price where trade can be executed. The Refco FX trading station is superior; because it takes the mystery out of the price the client can enter or exit a trade.

Instant Execution

Fast Order Entry
Price Guarantee
Immediate Confirmations

The Refco FX trading station provides quick order entry and instantaneous execution. There are multiple ways to initiate market orders, including hitting an express "Buy" button, or clicking the BUY/SELL price of a specific currency pair. Even under the most chaotic market conditions, orders are processed and filled within seconds. All market orders are complete fills and market orders are always executed at the quoted price. Once an order is filled, the order is displayed in the open positions window immediately. This window displays the price of the fill, and the real time profit/loss on the position in both pip and dollar terms. In addition, stops and limits can be placed directly on the position.

Margin Watcher

Real Time Tracking
Multiple Leverage Options
Automatic Account Debit Protection

Every client has the ability to set their own margin requirement, providing that the margin meets Refco FX's minimums. Margin requirements start at 1% ($1000 per lot). This requirement is maintained for both intra-day trading and for positions held overnight. Based on each client's margin requirement, the Refco FX trading station calculates in real time both the funds needed to maintain current positions (Used Margin) and the funds available for taking new positions (Usable Margin). This information, along with Account Equity, Account Balance, and Floating P/L appears in the Account Information window. In the event that funds in the account fall below margin requirements, open positions will be closed by the dealing desk at the market price. This provides protection against a debit balance, particularly in a highly volatile, fast moving market.

Reports

24-hour Access
Compile Custom Statements
Detailed Info On Every Trade

Clients can generate detailed account statements on demand from the Refco FX trading station. The reports can contain up-to-second account information or be customized to reflect activity between any two given dates. These reports are comprehensive, including the details for each specific trade. In order to receive a hard copy record, the client simply clicks on the print function.

Refco FX News

24 Hour News, Technical Levels, and Market Analysis
Powered By Thomson Financial
Direct Access From Refco FX trading station

Refco FX News is available as an integrated feature on the Refco FX trading station. IFR Forex Watch, Thomson Financial's premier institutional FX news and analysis service, provides the real time content for Refco FX News. With one click of the mouse, clients can access Refco FX News, no additional login is necessary. The FX NEWS window is adjustable, allowing simultaneous viewing of both live prices and real time news. there is no cost to Refco FX clients for this service.

 
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.