X-TRADE BROKERS: Romanians Speculate On RUB, TRY, Indian Bourse

Izabela Sîrbu

Romanian-based investors are increasingly interested in speculating on the Russian rouble (RUB), the Turkish lira (TRY) and the National Stock Exchange of India, according to a press release from X-Trade Brokers (XTB), who have starting offering customers the option to trade on the currency pairs USD-TRY, EUR-TRY, USD-RUB, EUR-RUB as well as an instrument based on the S&P CNF NIFTY of the National Stock Exchange of India.

All of the newly launched instruments have a spread of 0.0001. The value of a lot is 100,000 USD for USD-TRY and USD-RUB and 100,000 EUR for EUR-TRY and EUR-RUB. The trading margin is the same for all the currency pairs traded on the XTB platform, respectively 1%. The minimum amount required for opening an account is 2,000 RON.

"All the currency pairs we have introduced are highly volatile and have managed to draw the investors" attention also due to the economic prospects of Turkey, Russia and India on mediu-term, that is, 2010," said X-Trade Brokers Romania Managing Director Victor Safta.

Considering that the economic growth estimate for next year is 0.7% in OECD countries (i.e. the Organization for Economic Cooperation and Development) and 1.9 - 2% at global level, the outlook for Russia and Turkey is very encouraging.

"The currency pairs including the rouble and the Turkish lira have drawn the investors" attention, offering them exposure to economies whose performance promises to be very interesting in the near future," Safta added. He believes that investors are looking for alternatives and the INDIA50, an instrument based on the S&P CNF NIFTY of the National Stock Exchange of India, offers very good exposure and a high degree of transparency on the Indian market.

"This index of the National Stock Exchange of India, whose committee includes Standard & Poor"s, reflects the performance of 50 major companies in 22 sectors of the Indian economy," Safta said.

X-Trade Brokers have also introduced BUND10Y, a contract based on the value of 10Y German bonds, and SCHATZ2Y, a contract based on the value of 2Y German bonds.