CNBC is airing a new show, solely dedicated to forex trading. The new show, starting on February 25th, will be sponsored by US forex broker FXCM, that puts its foot in the mainstream media.
The show on Friday’s will likely summarize the week, as it’s aired in the US afternoon. But Money in Motion will also bring short updates during other times. The show on currency trading will be available on various regional outlets of CNBC. This will sure help forex trading push to the mainstream, and positions FXCM quite well.
For more details, here’s the full press release:
NEW YORK–February 14, 2011– FXCM Inc. (NYSE:FXCM – News), a online provider of forex trading worldwide, has partnered with CNBC, First in Business Worldwide, to co-sponsor CNBC’s new show “Money in Motion Currency Trading.” Beginning February 25, “Money in Motion Currency Trading” will air on Fridays at 5:30pm after the popular program CNBC’s “Options Action.” In addition there will be two short business segment updates each week on Wednesdays and Fridays during CNBC’s Business Day programming. The program will air on CNBC in the U.S., CNBC Europe, Middle East and Africa and CNBC Australia.
Forex has become one of the fastest growing and largest markets in the world. “This is a perfect fit for FXCM. With our recent IPO and the growth of retail forex trading, our partnership with CNBC to sponsor the new forex TV show will bring retail forex trading more mainstream, especially in the United States,” said Drew Niv, CEO of FXCM. “As retail traders become more active in currency trading it only makes sense that they will be looking to the top business network to bring them relevant news, education, and research on just that.”
Hosted by CNBC’s Melissa Lee, “Money in Motion Currency Trading” will focus on bringing traders insights and strategies from some of the biggest names in the world of forex. CNBC’s “Money in Motion Currency Trading” is your front row seat to the most liquid and leveraged market in the world.
“A program dedicated to currencies has never been more relevant,” said Susan Krakower, CNBC’s Senior Vice President Strategic Programming and Development. “CNBC is an investor-focused network and this program will teach viewers how to harness the power of the $4 trillion currency market.”
As the first broker specialized in retail forex trading to go public on the New York Stock Exchange in December 2010, FXCM will continue to support initiatives that provide education, news, and research focused on the currency markets.
About FXCM Inc.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers, enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary and does not constitute investment advice. Read full risk disclaimer.