xCFD has added Chinese equity derivatives contracts to its trading platform as client demand for emerging market products increases. The firm reported exclusively to Forex Magnates that it had added six equity CFDs and one stock index CFD from China. The move comes as the firm implements a number of advancements across its technology & product range.
xCFD has been evolving its products and services, the latest developments supporting its strategy to be recognised as a global provider. Among the new products, the firm stated that it added six stocks, including Baidu, Sinopec, Sina, Trina Solar & Melco Crown Entertainment and stocks. In addition, traders will be able to gain access to the popular China A50 index. The firm added the most liquid stocks due to client demand.
The new equity products are among the largest stocks listed in China. Baidu, China’s equivalent of Google, the country’s largest search engine has seen strong market moves over the last 18 months, having a market capitalization of $60 billion plus. Chinese stocks have been facing difficult times as the overall economic slowdown in the country has pushed a number of instruments to their 52-week lows, thus making CFDs on the products a viable option for short-traders.
xCFD’s flagship platform, which is powered by Exante, has also seen a number of updates. A company spokesperson reported to Forex Magnates that the platform now offers OCO orders, a common feature on retail FX trading platforms, coupled with the availability of all platform features in multiple languages. In the current update, the broker noted that five new languages were added, including Portuguese, Portuguese Brazilian, Indonesian, Dutch and Polish
Your Cashier Checklist – Time For an Upgrade!Go to article >>
The firm is keen to expand its business with a particular focus on mobile phones as more and more traders use their smart phones for financial trading. Ivan Kuznetsov, pictured, CEO of xCFD, explained to Forex Magnates during an emailed interview: “(Future plans…) as usual we have a lot in mind, but the next step that I can already talk about is the redesign of our mobile applications. We believe that brokerage (as all financial services actually) will focus more and more on mobile, so in the nearest future we will re-launch our mobile applications with greater functionality and design.”
xCFD’s philosophy is to offer simple trading solutions; the broker has a light website with all key information on the homepage. Mr. Kuznetsov believes that the future of margin derivatives trading is beyond recent trends seen in social and binary options, but by seeing FX in the day to day life of traders, he concludes: “Social, algo and binary is what we have on the market now.
I think a new trend will be to make financial services more built in our usual life. Most of our customers are looking for an easy access, understandable services and integration with their usual online activities.”