Australian broker Invast announced that it has expanded its Direct Market Access (DMA) offering with a set of contract for difference (CFDs) products over 19 global equity index futures. The new offering will be available to all IRESSTrader account holders, the company said in a statement.
The move comes a year after the company has launched its DMA CFDs offering on equities.
The offering does not not use the traditional liquidity provider model as is the case with OTC forex. The liquidity that the clients view and execute their orders with on the platform comes directly from the exchanges.
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Quick access to more than 30 international equity and futures exchanges
DMA CFDs, according to Invast’s website, are a particularly transparent type of financial instruments that allow traders quick access to more than 30 international equity and futures exchanges through a single point, the IRESSTrader platform. The new offering specifically targets professional traders, also providing them access to a wider range of order types..
The company explains that all DMA CFDs are hedged immediately and directly on the respective exchange, which aligns the interest of the broker with that of the client.
Among the exchanges that Invast’s IRESSTrader platform operates with are Nasdaq, the New York Stock Exchange, Germany’s Xetra, the London Stock Exchange, the Australian Securities Exchange, the Tokyo Stock Exchange and NYSE Euronext Paris.