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NewswireToday - /newswire/ -
Dubai, UAE, United Arab Emirates, 07/20/2009 - Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG has launched precious metals spot trading, allowing traders to now trade gold and silver in addition to the foreign currency offering - VarengoldBankFX.com / Varengold.com.
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“As a result of the current economic conditions, many investors are now looking at gold and silver as a means of hedging themselves against future downside markets”, says Ilja Perschbacher, Managing Director of Varengold Bank Dubai.
Gold and silver trading has become increasingly popular amongst forex traders who are actively following three of the key drivers that affect the price of gold: price of oil, inflation and the strength of the U.S. dollar.
Trading commodities has been available to traders for decades, however advancements in technology has had a pivotal effect on how investors choose to trade. Varengold Bank continues to seek new trading technologies to provide a greater range of trading services for its clients. “The decision to allow for gold and silver trading is an example of Varengold’s commitment to meet the needs of the sophisticated trader with ease and simplicity through one single platform.” Says Perschbacher.
Whether you are a private, professional or institutional investor, Varengold Bank offers you the execution and security regulations of a German investment bank paired with the innovative technologies of a leading market oriented online broker.
The Varengold Wertpapierhandelsbank AG is the German investment bank with an exclusive focus on the managed futures segment, which are a class of hedge fund strategies. The company has over 14 years of experience in asset management, and offers investors access to successful international managed futures strategies.
Varengold (varengoldbankfx.com) was founded in 1995 by Steffen Fix and Yasin Sebastian Qureshi to offer worldwide investors secure access to international managed futures strategies. Currently, the investment bank has 40 employees. The bank’s core divisions are Asset Management with managed futures and Capital Markets – Brokerage (security clearing).
The development of managed futures strategies with market traded products in stock, bond, commodity and currency markets was the focus in the founding years. For the past 10 years, the investment bank has focused on the evaluation and selection of external managed futures managers from a worldwide network as a fund of funds manager. The Capital Markets – Brokerage division was initially developed next to support Varengold’s own risk management. Today, over 7,000 clients worldwide make use of these services for trading futures, options and forex.
For further information: Please contact Imran Khan, Varengold Bank FX, E: dubai[.]varengold.de.
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i.khan[.]varengold.com 
