Football INDEX and Gold-i have partnered up to deliver a brand new product to the trading markets. The firms have committed their resources to the development and the maintenance of a tradable marketplace for football.
The values that are being tracked are related to the players that are playing across the globe. The newly created market is starting via MetaTrader 4 and MetaTrader 5 trading platforms.
The Football INDEX pro has been called the world’s first football stock market. The offering has attracted a number of fans of the most popular sports game in the world. In conjunction with a number of football sponsorships that some brokers have undertaken throughout the years, a financial futures market designated to change the value of certain football players in real time can be a very attractive product for brokerages.
The new product is relying on blockchain and a form of digital currency to operate. The real market will be launched in the 2nd quarter of 2017 with more details about the modus operandi expected at the time of the release.
Commenting to Finance Magnates, the CEO of Football INDEX Adam Cole said: “Prices on the market will be determined by supply and demand with liquidity initially provided by us but with further liquidity providers once the market is established.”
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Brokers that are willing to offer the product will need to meet an initial requirement of being a MetaTrader licensee.
The UK licensed platform provides a service where traders can buy and sell contracts on professional footballers. The value of these contracts is deriving from their performance in real-life and is contingent on their stats.
“Football INDEX, a tradable market in the world’s top 200 footballers, has proved extremely popular since it launched in 2015. In partnership with Gold-i, we are modifying our existing platform to make it available to both brokerages as well as individual traders,” the CEO of the company explained.
The CEO, Gold-i, Tom Higgins, elaborated on the product: “We continually look at innovative ways to help MetaTrader brokers to differentiate their offering in order to attract new clients or tap into new markets. By creating a football-based futures contract, we hope to help brokers to attract a new audience to trading – people who may eventually use their experience gained through trading via Football INDEX on MetaTrader to trade currencies and other financial instruments.”
“We also believe there will be many existing FX traders who will welcome the opportunity to try out this unique football-based form of trading. Gold-i is very excited about working with Football INDEX to push boundaries and create a new product which will have mass appeal,” Mr. Higgins concluded.