IG Singapore is seeking to expand its services beyond its established CFD business. Gavin Chia, who recently became CEO, plans to develop the firm into a platform offering multiple types of investment products, The Business Times, Singapore, reported.

IG Targets Multi-Asset Trading Investors

Chia’s immediate focus is on IG Markets, the company’s share-dealing app, which allows trading in equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and ETFs across markets such as the US, UK, Singapore, Hong Kong, and Japan. Chia previously led Moomoo Singapore, another online brokerage.

Join IG, CMC, and Robinhood in London’s leading trading industry event!

• B2Prime Appoints Emanuel Georgouras as CRO, Bringing Two Decades of FX Experience
• FXPrimus Raises Gold Leverage as OANDA Flags Volatility Amid Precious Metals Surge
• IG Group Exits Small Exchange in $100M Deal With Kraken

He said the firm wants to show investors that it provides more than just CFDs. These derivative instruments let traders speculate on the price movements of shares, commodities, or indices without owning them directly, often using leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term, which increases risk.

IG Adds Cryptocurrencies, Expands Product Offerings

IG is already known for its CFD operations in Singapore. Chia said the firm now seeks to attract a wider range of investors and diversify its product offerings. He described IG Markets as being at an early stage, with plans to gradually add new products, potentially including cryptocurrencies following IG Group’s acquisition of Independent Reserve.

New Daily Options on Tesla Shares Available on IG

IG has introduced daily options on Tesla shares. These contracts expire on the same day, allowing traders to open and close positions within a single trading session.

The product is reportedly the first daily option of its kind for an individual stock worldwide. The options are available Monday to Thursday via spread betting and CFDs on IG’s desktop and mobile platforms.

The launch coincides with the UK government’s “Leeds Reforms,” which aim to increase retail participation in financial markets and support the UK’s development as a global financial centre.

While IG’s Tesla options focus on a US-listed stock, the firm’s “Save Our Stock Market” initiative encourages retail investment in UK-listed companies, aligning with the reforms’ general objectives.