Almost 15% of Tickmill’s Active Clients Traded CFDs in March

CFD on WTI crude oil was the most popular trading instrument on the days when crude oil had its "mini-crashes."

Tickmill, a Seychelles Financial Services Authority (FSA) regulated ECN broker, announced today its first monthly trading statistics of contracts for difference (CFDs) following the launch of the instruments in March 2015.

Following customer interest towards CFDs, Tickmill on March 10, 2015 enabled trading on eight major contracts covering stock indices for Germany, Japan, Europe, United Kingdom and the USA. In addition to Gold, the company also introduced trading in one of the most traded commodities in the world – the WTI crude oil.

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Tickmill today announced that during the first month of trading almost 15% of its active clients took the opportunity to trade CFDs. The company also reported that out of the tens of thousands of trades done by its clients in March, 52% were done with CFDs on German DAX 30 stock index, 21% on Japanese Nikkei 225 stock index and 20% on WTI crude oil. The fourth most popular instrument was CFD on the US S&P 500 stock index which accounted for 4% of all trades.

The company added that the day-to-day popularity of any concrete CFD was highly correlated to the underlying volatility of the market. Therefore, in March, CFD on WTI crude oil was the most popular trading instrument on the days when crude oil had its mini-crashes.

Sudhanshu Agarwal, CEO of Tickmill added, “By the end of 2015, the aim was that CFD trading would contribute between 10-15% of our trade volumes. With more traders gravitating towards it, I only expect the trend to increase. I am pleased that even though the majority of our client base is Asian based, location does not have as great an effect as does the movements and liquidity of the underlying market. This is evident from the figures on the German DAX 30 stock index and WTI crude oil.”

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