According to a company announcement, Swiss bank Dukascopy has started offering its white labels access to the company’s recently launched CFD trading module. The release follows up on the official launch of live trading on the broker’s own end-client offering last September.
The list of CFDs includes both major brands of crude oil and 8 indices – German DAX 30, French CAC 40, Swiss SMI 20, UK’s FTSE 100, Japanese Nikkei 225, the Dow Jones Industrial Average, the S&P 500 and the leading US-listed tech companies benchmark, NASDAQ.
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Following up on the release of the company’s binary options platform to white labels in September 2014, Dukascopy Bank is now further expanding the product line for its white label clients. CFD trading has been integrated into the back-office system of Dukascopy Bank’s offering, adding some tools and reporting functionality to manage accounts and monitor customer activity.
White labels of the company will gain access to the CFD instruments without any additional integration costs.
As previously reported by Forex Magnates, the price formation mechanism of the new CFD offering is based on the company’s proprietary SWFX ECN Marketplace competition technology, with Dukascopy acting as a counterpart for each transaction, while reserving its right to hedge the CFD contract exposure on other financial markets.