X Open Hub, a multi-asset liquidity provider, announced today that it has extended its contract-for-difference (CFD) equity offering to include new Scandinavian markets, according to a corporate statement.
A growing group of the world’s liquidity solutions providers are now connected to the region’s markets to complete CFD equity network and diversify its products list. X Open Hub already provides its clients institutional liquidity on over 3000 global instruments including forex, indices, commodities, shares and ETFs.
The latest expansion will add CFDs instruments for more than 90 equities from the Scandinavian countries such as Denmark, Finland, Norway and Sweden. The newly added instruments include well-known companies such as Nordea Bank, Carlsberg, Nokia, Statoil and Volvo among others.
Commenting on the latest progression, Michal Copiuk, Chief Operating Officer at X Open Hub, said: “The forex market and CFD industry are constantly changing. Our main aim now is to expand our product offer by adding new attractive markets. Our experience in providing liquidity solutions to a global client base means we are able to evolve our product offer quickly and without any obstacles.”
Equity CFDs are popular financial instruments among retail and institutional investors that use them to hedge their existing share portfolio when stocks are performing poorly. In addition, institutional investors use the product to leverage-off current holdings during times of volatility.
Meanwhile, brokers are also looking into expanding the list of offered instruments to stay competitive and to win over regular FX and stocks providers, particularly with the current bull run in global equities.