FXDD Global, the global electronic forex dealer, said in a press release that it will now offer its customers free access to an analytical tool, FX Navigator. The tool has so far been in use by central banks and major asset management firms.
FX Navigator provides charting and technical analysis capabilities to subscribers, plus a real-time forex news feed and market analysis in several languages. The tool, which is available for desktop, iPhone, and other devices, also includes round-the-clock data on more than 42 currency pairs.
FXDD is a unit of Currency Mountain Holding under its umbrella of a number of forex trading industry brands, including Forexware, Forex Live, and Avatar Capital Group. The firm caters to the trading needs of individuals, institutional traders, hedge funds, brokers, money managers, and other corporate entities. The company’s headquarters are in Malta and is regulated by the Malta Financial Services Authority.
Earlier this year, FXDD partnered with technology developer Tradency adding it to its Mirror Trader platform algorithmic trading options that were developed by hedge funds. This offered retail traders access to algorithm-trading strategies that were previously only available to clients with balances exceeding $1 million.