SBI FXTRADE to add eight currency pairs to offering
The new currency pairs, such as RYB/JPY and SEK/JPY, will become available to trade on December 16, 2019.
SBI FXTRADE Co., Ltd., a Forex trading subsidiary of Japanese financial services provider SBI Holdings Inc (TYO:8473), today announces expansion to its Forex instruments lineup.
In response to traders’ requests, the company will add eight currency pairs to its offering, including Russian ruble / Japanese yen and Mexican peso /Japanese yen. The additions take the FX currency pairs lineup available to clients of SBI FXTRADE to 34 currency pairs.
Below is the list of the new additions to the FX offering:
- RUB/JPY;
- BRL/JPY;
- PLN/JPY;
- SEK/JPY;
- NOK/JPY;
- MXN/JPY;
- SGD/JPY;
- USD/CNY.
Spreads for these eight currency pairs will be determined in due course. Trading in the new instruments is set to commence on Monday, December 16, 2019, at 7am.
SBI FXTRADE has been gradually expanding its offering. In October 2018, for instance, the company launched Forex options.
SBI has been building its foreign exchange business worldwide. In September 2018, BYFX Global Co., Limited, also a part of SBI Group, announced the launch of its retail and institutional business – offering clients around the globe top-tier liquidity and online OTC trading for Spot FX and Spot Bullion. The broker aims to bring clients a user-friendly and enhanced online trading experience: access to transparent and competitive pricing through aggregated liquidity from the SBI Group, international banks and tier-1 liquidity providers on its unique proprietary trading system DEP FOREX.
