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Rony Schlapfer co-founder of Tradex Capital Markets

Rony Schlapfer is a well-known currency trader that has successfully spearheaded the trading currencies outside of a bank movement. Rony Schläpfer has been referred to as a pioneer in the currency trading market because of his global success and innovation in trading practices. He began his financial career in 1974 as a currency trader with Citibank in Zurich, Switzerland. Within a few short years he advanced to chief foreign exchange dealer in Tokyo in 1978. Subsequently in July 1979 he began working as a senior currency and precious metals trader at Citibank in New York. During the 1980s and mid 1990s, Rony Schläpfer served as Chairman of Capital Management International, which he founded and actively managed along with Brad Westerfield up until he established Tradex in 1998.

The Tradex Currency Fund was a highly successful venture and in January of 2000 Rony Schlapfer co-founded Tradex Capital Markets with Philip Gellos. Combined, these two traders have over 55 years of successful currency trading experience. Tradex is now comprised of three global investment management companies with over 2.2 billion dollars in combined assets. Gellos and Schläpfer currently manage Tradex Capital Markets which offers investors access to foreign exchange trading programs focused on short-term trading.

When asked about the changes in currency trading over the past ten years Schläpfer explained: Trading costs have been on the decline due to the increase in liquidity and because currency trading is one of the few investment options that remains commission free. Money Market trading has high execution costs, which will inevitably cut into investment profits. According to Schläpfer, Tradex pays fifteen dollars per $1 million in currencies traded through his prime broker. For those looking for short term investments, currency trading is the best option because if the lower execution costs and decreased volatility.

Rony Schläpfer also pointed out several other changes that have taken place in currency trading over the past decade: The market has become much more accessible. The markets are much deeper now and spreads are much tighter. If you trade for three months in a tight band, a longer-term system is losing money. Schlapfer concludes that most of the newer systems are short term. Interest rates around the world are at the same level. The world of trading has become global. There is no rush to get in and out of currency. Technological advances have significantly improved communications, making risk-management a top priority that is more easily monitored.