UK-headquartered brokerage TigerWit has launched contracts for difference (CFD) on single stocks, which marks the first stage of its decisive move into the surging arena.
Liverpool FC’s official online foreign exchange trading partner broadens its product line as its clients’ desire to garner exposure in stock markets has been increasing. The inclusion of equity CFDs not only helps expand trading capabilities for its clientele but also attract more traders that are looking to diversify their trading options.
The case for adding more assets has been growing in recent years with clients from TigerWit’s core markets in the UK, Europe and Asia, keen to actively trade local stocks.
PLUGIT Launches YOONIT V2.0Go to article >>
In a recent statement, the broker informed its clients about the new additions with an initial focus on blue-chip companies listed on US, European, and Asian exchanges. However, the ultimate goal of the brand is to grow its offering to include single stock CFDs for different companies globally, which will be added on a gradual basis.
Stock CFDs Becoming Industry Norm
This launch also marks another expansion into the CFDs market by a UK-based broker. This is an exciting development for the asset class that offers low-cost diversification and arbitrage options for investors. With typical FCA diligence, TigerWit should have ticked all of the boxes in the design and implementation of its offering.
Speaking about the addition of equity CFDs to the platform, TigerWit CEO Tim Hughes said: “Whilst we are first and foremost a provider of FX, indices and metals markets, allowing our clients to trade global equities is a natural addition as we broaden our fintech offering. Step-by-step we are growing as a financial services provider, so it is important to be able to offer clients a full suite of markets to trade. This is particularly important when global markets have experienced such heightened volatility as it provides clients with the ability to diversify into other asset classes.”