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The ActForex Internet Currency Trading System (ICTS®) now supports FX Options.

NEW YORK, JUNE 2004. ActForex, Inc., an independent Managed Service Provider of FX software and services, is proud to introduce FX Options trading capability on the ActForex Internet Currency Trading System (ICTS®).

Banks, FCMs, and Broker/Dealers using the ICTS®, a fully hosted independent trading solution, can now offer their clients FX Options in addition to spot Foreign Exchange and Contracts for Difference.

By adding FX Options to the list of available instruments, ICTS® licensees can further increase their per-client revenues and allow their FX dealers to utilize a greater variety of risk management strategies. Licensees’ clients benefit as well—FX Options are an excellent way of adding flexibility to an FX trading strategy.

New licensees and start-up firms can begin servicing customers by using the auto-offload “AutoDealing” version to minimize risk, then upgrade to the fully-featured MarketMaker platform, with full dealing functionality and Straight Through Processing (STP).

“ActForex gives its clients the flexibility and potential of a fully-featured and integrated online dealing desk. All that is needed to start is a computer and an internet connection.” - Ilya Sorokin, President and CEO, ActForex, Inc.

The ActForex Internet Currency Trading System (ICTS®) is an independent “turnkey” online foreign exchange trading system that allows Licensees to organize currency trading online without the expense of an IT department: ActForex provides hosting, updates, and support. The ICTS® Market Maker includes full dealing functionality for Broker/Dealers, FCMs, Banks, Money Managers, and others who wish to have the flexibility and potential of a fully-featured online dealing desk. An “AutoDealer” version that automates the dealing desk, automatically clearing all positions, is also available.