CMS Forex has opened an office in Boston and has hired four sales staff who were previously at IFX Markets to run it.
The company says the office will serve a variety of clients including introducing brokers, white-label partners, registered CTAs and hedge funds looking to diversify by adding forex trading to their roster of offered services.
Overseeing the daily institutional sales operations is Sean Carr who has been appointed director of institutional sales of capital market services. Carr, along with Sam Burke, Jacob Plattner, and Francisco Odriozola, will be responsible for the continued growth of CMS Forex’s institutional business and generating new institutional opportunities.
“We anticipate the Boston office to be a key driver of the institutional growth of CMS Forex, advancing our initiative to become the premier online forex trading company,” says chief operating officer, Eugene Hawkin.
Separately, CMS Forex has launched futures trading to enable traders to diversify their portfolios and complement their foreign exchange trading. Clients can now trade interest rates, stock indexes, crude oil, natural gas, grains, metals, currency futures, agricultural products and livestock through access to the Nymex, CME, and ICE exchanges.
Clients can also choose between two trading platforms: Vision Advantage and QST. Both platforms feature rapid order execution coupled with an intuitive interface, as well as charting packages. Traders will receive easy access to premium research reports and trade recommendations from futures specialists, and back office support, CMS says.
“Existing clients will have the option of trading ancillary products such as interest rate and commodities futures, which may be used to complement their existing foreign exchange portfolio, and new clients may find that exchange-based futures best suit their trading objectives,” says Hawkin.