Record Monthly Volume on FXCM Stock Baskets

London, Sydney, Johannesburg

LONDON, SYDNEY, Australia and JOHANNESBURG, South Africa, Sept. 23, 2020 (GLOBE NEWSWIRE) — FXCM Group, LLC ("FXCM Group' or "FXCM'), the leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is today releasing the volume increases for the month of August in its proprietary stock basket product line.

FXCM's stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. This allows customers to speculate on sectors as a whole instead of having to select a single company.

FXCM currently offers 6 baskets to its retail clients: Big US Tech ("FAANG"), Esports & Gaming ("ESPORTS"), Biotech, Cannabis, China Tech ("CHN.TECH") and China E–commerce ("CHN.ECOMM"). The list of companies and weightings is available on FXCM's stock basket website (https://www.fxcm.com/markets/stock–baskets/)

The company is proud to report record monthly trading volume on the product line in August 2020, up 4.62% from July 2020.

While total volume was relatively consistent to the month before, the popularity of the baskets changed as traders reacted to the August actions taken by the US administration against Chinese companies. This resulted in CHN.ECOMM volume eclipsing FAANG as the most traded basket in August. Both baskets have seen growth of well above 50% YTD.

Month Monthly Stock Basket
Volume Change1
May 2020 +125.86%
June 2020 +27.86%
July 2020 +91.27%
August 2020 +4.62%

1 Percent change month–over–month of volume from FXCM customers on all 6 stock baskets.

Sector Symbol YTD Price Change1 Monthly Price Change2
Big US Tech FAANG +59.25% 28.40%
Biotech BIOTECH +8.03% 2.39%
Chinese E–Commerce CHN.ECOMM +71.69% 8.06%
Cannabis CANNABIS +13.35% –5.77%
Chinese Tech CHN.TECH +47.40% 6.19%
Esports & Gaming ESPORTS +70.39% 12.55%

Past Performance is not an indicator of future results.

1 Year–to–date (YTD) figures calculated using FXCM's opening and closing bid price from 2 January 2020 through 31 August 2020. Cannabis YTD figures are from 4 May 2020 through 31 August 2020, as the basket was rebalanced with a new stock in May 2020.
2 Monthly figures are calculated using FXCM's opening and closing bid prices from 2 August 2020 through 31 August 2020.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one–click order execution and trading from real–time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited (“FXCM LTD”), could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM Group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited ("FXCM AU") (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.

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Scientists Draw up Guidelines to Help Agri-food Companies Align with 2030 Agenda

Dominic Kimara, the farm manager at an agri-food company, stands in a rice field grown using conservation agriculture technique. Credit: Isaiah Esipisu/IPS

Dominic Kimara, the farm manager at an agri-food company, stands in a rice field grown using conservation agriculture technique. Credit: Isaiah Esipisu/IPS

By Isaiah Esipisu
AMURU, Uganda/NAIROBI, Kenya, Sep 23 2020 – In Amuru district, 47 kilometres from Gulu town in northwestern Uganda, the Omer Farming Company has proven that it is possible to farm on thousands of acres of land using methods that conserve the environment and its biodiversity.

On a 5,000 acre piece of land, the company is growing upland rice with a yield of up to 3.5 metric tons per acre, using the conservation agriculture method.

“We do not plough the field, and we do not use fertilisers,” Dominic Kimara, the farm manager at the company, told IPS. “Instead, we grow a leguminous crop known as sunn hemp, and when it is 50 percent flowering, we roll it on the ground so that it can decompose and form green manure,” he explained.

According to the Food and Agriculture Organisation of the United Nations, this type of farming technique has several advantages for the environment because it reduces the use of farm machineries (which often emit carbon), sequesters carbon, and is cost effective and beneficial to the soil.

According to the report ‘Fixing the Business of Food initiative‘ by the Barilla Center for Food and Nutrition Foundation (BCFN), agri-food companies must consider the environmental and social impacts of business operations, including their production processes and other internal processes, with a focus on issues such as resource use (land, water, energy) and emissions, respect for human rights, diversity and inclusion, and decent work conditions that improve livelihoods of employees and their families.

The report, which was released on Sept. 22 alongside the 75th session of the U.N. General Assembly in partnership with the U.N. Sustainable Development Solutions Network (SDSN), the Santa Chiara Lab (SCL) and the Columbia Center for Sustainable Investment (CCSI), identifies a four pillar framework for alignment of the food and agriculture sector with the Sustainable Development Goals.

“Indeed the four pillar framework is a sort of instruction manual to guide our efforts towards the active engagement of the private sector in the implementation of the 2030 agenda,” said Mariangela Zappia, ambassador and permanent representative of the Permanent Mission of Italy to the U.N. in New York.

However, the experts observed that despite a steady increase in investments in sustainable development and climate action, only eight percent of public climate finance is directed to the agri-food sector.

“There is one big risk: that a lot of our colleagues, a lot of other actors in the world of business feel the danger, but they do not have the courage to really take actions within their company to make these very difficult decisions,” said Guido Barilla, chair of Barilla Group and the BCFN Foundation, noting that the Barilla Group had to take a tough decision to stop the use of palm oil, which is the cheapest source of fat, but contributes to deforestation.

“We are late in the 2030 Agenda, we are losing time in completing the sustainability goals and to really rationalise the dangers and lower the dangers on climate change and on sustainability issues. It’s unaffordable. We need to make a call to action,” he said during a virtual launch of the report.

The report further points out that the shift towards more sustainable and healthier diets is a strong leverage to improve both planetary and human health.

This comes after a warning by another study about India that projects levels of undersupply and consequent malnutrition will significantly increase in 2030 and 2050 scenarios.

“Policy incentives in Indian agriculture since the Green Revolution have predominantly been focused on achieving caloric food security through increased production of cereals (wheat and rice),” wrote the researchers in a study titled ‘Sustainable food security in India—Domestic production and macronutrient availability’.

This, according to the scientists, has resulted in a heavy carbohydrate-based diet (65–70 percent of total energy intake) which may be significantly lacking in adequate diversity for the provision of other important nutrients.

The BCFN report points out that there is need for a radical transformation in order to cope with the environmental, social, and economic challenges of agri-food systems at global and local levels. “In 2020, the COVID-19 pandemic has exacerbated global development challenges especially for the most vulnerable communities around the globe,” it reads in part.

So far, the European Union is already promoting such transformation through the European Green Deal and the ‘Farm to Fork’ Strategy, aiming to make European food ‘the global standard for sustainability’.

The authors explored the main gaps in aligning practices and strategies to sustainability principles through a deep qualitative analysis of sustainability reports for 2018 and 2019 published by 12 global companies with high reputations in terms of sustainability.

The other pillars include contribution to healthy and sustainable dietary patterns through its products and strategies, and the impact and influence of companies beyond the perimeter of their direct and outsourced operations. The report notes that in some contexts, companies have co-responsibility for enhanced sustainability throughout their supply chains, value chains and within the ecosystems in which they operate.

The last pillar considers companies’ external strategies and engagement: both with the communities where they operate and with the rules that govern them.

“We must generate partnerships between the private sector and the public sector so that everyone in the world has access to healthy diets that are produced sustainably,” said Rachel Kyte, the Dean, at the Fletcher School at Tufts University.