Invast Global Launches Index CFD Based on Cboe’s VIX Futures

Prime brokerage services provider Invast Global recently announced that it launched a new Index contract for difference (CFD) product based on the Volatility Index (VIX) futures contract offered by Cboe Futures Exchange.

VIX futures product was launched on the Cboe Futures Exchange in 2004. Across the past 16 years, the product has grown to become the most actively traded, exchange-listed Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term futures contract in the world. VIX futures provide investors with the opportunity to trade a liquid volatility product based on the VIX Index methodology.

In particular, the futures investment product offered by the options exchange allows traders to take a position on the future direction of the expected volatility of the S&P 500 Index. According to Invast Global on Thursday, the Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term has started offering the futures contract to give its clients more exposure to the expected volatility of the S&P 500 or use it as part of a larger strategy.

Invast Global new CFD available via API

For investors wanting to trade the new CFD offered by Invast, they can do so via API from the company’s trading servers. Additionally, the CFD can be accessed as part of a broader Index offering, which includes both data and execution.

Commenting on the new product, James Alexander, Chief Commercial Officer at Invast Global, said in the statement: “Invast Global has for a long time been a strong proponent of multi-asset solutions for brokers and continues to focus on innovation with the release of a new VIX futures CFD.

“By continuing to work with client-focused partners like Cboe, we are excited about the product suite that we have been able to deliver across FX, Index Products and Global Equities.”

Demand grows for VIX futures

As Finance Magnates reported, Cboe announced earlier this month that it plans on launching Mini Cboe VIX futures on Cboe Futures Exchange starting on Monday, the 10th of August, subject to regulatory approval. The Mini futures have been created to meet investor demand.

“Invast Global is a valued customer of Cboe, leveraging our premium market data to create and innovate new products, and enhance their customer offerings,” added Stephen Dorrian, Director of Market Data at Cboe Europe in the statement.

“We are pleased to support Invast’s creation of a new volatility-based CFD and meet growing broker demand for tradeable products that provide exposure to the Cboe Volatility (VIX) Index.”