Johannesburg, 25 Aug 2005
Five-year-old online financial trading institution Global Trader recorded its millionth trade today.
Stephen Nefdt, a trader who owns his own IT consultancy, placed the millionth trade at 7.40am on the dollar yen.
Global Trader offers a spread trading and a contracts for difference (CFDs) execution service to institutional and private clients investing in both domestic and offshore markets, the company said in a statement. Its recently launched CFD platform is described as the only online trading platform which allows for instantaneous execution, it said.
Founded in SA in 2000, Global Trader has developed a reach into Europe, North America and Asia. The company conducts over 300 000 trades per year, worth over $5 billion per annum, for clients in 26 countries, said the company.
Global Trader has a free simulated platform where investors can familiarise themselves with the platform and the products. This is accessed at www.gt247.com.
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