Avalon FX Pro Trading Platform Establishes Connection to FXCM Price Feed
Tuesday January 22, 8:00 am ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Avalon Capital Holdings Corporation (Pink Sheets: AVAL - News), and its wholly owned subsidiary, Traders Development LLC, announced today that the Avalon FX Pro™ 4.1 Trading Terminal is connected to one of the largest retail foreign exchange liquidity providers, Forex Capital Markets (FXCM). Clients have already begun to open up live trading accounts with FXCM utilizing the Avalon FX Pro™ 4.1 Front End Trading Terminal. Forex traders who want to open a live trading account with FXCM utilizing the Avalon FX Pro™ will find relevant information at http://www.tradersdevelopment.com/Clearing.aspx
Avalon Capital Holdings’ wholly owned subsidiary, Traders Development LLC, will generate revenues from the connection to FXCM based on the number of base-currency units transacted. Traders Development, LLC expects to generate between $10.00 and $60.00 for every one million base-currency units transacted over the FXCM Avalon connection.
Avalon Capital Holdings CEO, Dr. Vladimir Karpenkov said, “Today's announcement is a testimony of our continuous efforts to find strategic partners to achieve greater liquidity, tighter spreads, and state of the art trading technology for traders and Avalon clearing partners. FXCM is a leader in the spot Forex landscape. When coupled with our Avalon FX Pro™ proprietary trading technology, it offers a top class trading experience for clients.”
About Avalon Capital Holdings Corporation
Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange (“Forex”), the world's largest capital market according to The Bank of International Settlements. For additional information please visit http://www.avaloncapitalholdings.com/ or email info@avaloncapitalholdings.com.
A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Avalon Capital Holdings Corporation does not undertake any responsibility to update the “forward-looking” statements contained in this news release. Any communications received by fax or e-mail concerning Avalon Capital Holdings Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.
Contact:
Avalon Capital Holdings Corporation
Vladimir Karpenkov, 323-428-3244
