Westcore Capital Limited Speaks on trading Platinum at Germany Derivatives Market Forum
Luxembourg Germany- Westcore Capital Limited, a brokerage service provider based on Luxembourg Germany publicly shares the idea of including the high-priced metal Platinum on its list of traded commodities. The said idea was brought out during Derivatives Market Forum held on July 31, 2010.
- (1888PressRelease) August 10, 2010 - Mr. Kenneth Backer, Westcore Capital Limited' Chairman, who speaks at the Conference, discusses the Company's outlook on the possibility of trading platinum in the Commodity markets through the initiative of their company. The Chairman revealed that the firm is still optimistic on its position for based metals, including Platinum, despite of years of negative trading perception on metals in Germany.
Westcore Capital Limited also maintains that over the year, Germany has already placed enough supply of based metals in the market, which has observed the overturning of both mine supplies and smelter production cuts. Accordingly, the firm reveals that such overturning may provide a significant result in a potential interruption to the positive aspect of the market, thereby sidestepping at the present based metal strength. To counter possible negative effects, considerable stockpiles are now being built in Germany.
Westcore Capital Limited believes that the firm may find prices at bit lower, revealing a surge in supply until a real demand growth is seen. Nonetheless, the firm also believes that Germany is one of the best places and encouraging environment for metals.
Furthermore, the Firm's Chairman, together with other four firm's representatives who attended the Derivative Market Forum are positive enough on the proposition of Platinum inclusion as they perceptively see potential growth and expansion in commodity futures in Germany.
About Westcore Capital Limited
Westcore Capital Limited is an ultimate brokerage service provider based on Luxembourg Germany and with office at Geneva Switzerland. We are established to assist you in your trading needs and guide you from beginning to end to the thrilling world of global investments. We provide the highest level of superior services to our clients with utmost level of reliability and integrity. With our expertise and knowledge, we provide brokerage services from simple to most complicated trading and with proven trading strategies that no other brokerage firm could offer. Westcore Capital Limited focuses on providing clients with first-rated personalized and cost-efficient services.
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