Fortex Adds Single Stock CFDs to Clients' Trade Offering
- The trading solutions provider has added the new asset class to meet broker demand.
Institutional foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading solutions provider Fortex Technologies Inc., announced that it has added single stock contracts for differences (CFDs) to its trade offering.
With this addition, traders of Fortex’s broker-dealer clients now have the ability to trade stocks of more than 50 large-cap “blue chip” companies such as Apple, Google (Alphabet), Facebook, Amazon, Telsa, IBM, JP Morgan, Barclay, Alibaba, Baidu and more.
With this new addition, traders can either open long (buy) or short (sell) CFD contracts in individual stocks, without buying the actual stocks. Fortex has made the trading of this new asset class available via a range of platforms. Namely, it is available on its proprietary trading GUI, XRing FIX trading API, as well as MT4 and MT5 Bridges to MetaTrader.
The rise of single stock CFDs
As Finance Magnates analyzed, whilst single stock CFDs are not a new product, they are becoming increasingly popular, with more and more brokers adding them to their offering as regulatory pressure continues to push trading firms to diversify their product suite.
In addition to increasing revenue, by adding equities, brokers can also weather periods of low 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 in other business areas better. The currency markets, for example, experienced a prolonged period of low volatility towards the end of 2018 and throughout the first quarter of this year.
“Multi-asset offerings have been essential for the evolution of the FX and CFD industry for the past few years. With growing demands from customers across the globe, more and more broker-dealers have desires to add equities trading, whether real or CFD-based,” the statement from the company said.
“Deeply rooted in the U.S. equities market, Fortex’ DNA uniquely positions its system to offer, in addition to the existing Global Indices CFD and Crypto CFD trading, now Single Stock CFD’s to its institutional clients, enabling them to be more competitive in winning market shares.”
Institutional foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading solutions provider Fortex Technologies Inc., announced that it has added single stock contracts for differences (CFDs) to its trade offering.
With this addition, traders of Fortex’s broker-dealer clients now have the ability to trade stocks of more than 50 large-cap “blue chip” companies such as Apple, Google (Alphabet), Facebook, Amazon, Telsa, IBM, JP Morgan, Barclay, Alibaba, Baidu and more.
With this new addition, traders can either open long (buy) or short (sell) CFD contracts in individual stocks, without buying the actual stocks. Fortex has made the trading of this new asset class available via a range of platforms. Namely, it is available on its proprietary trading GUI, XRing FIX trading API, as well as MT4 and MT5 Bridges to MetaTrader.
The rise of single stock CFDs
As Finance Magnates analyzed, whilst single stock CFDs are not a new product, they are becoming increasingly popular, with more and more brokers adding them to their offering as regulatory pressure continues to push trading firms to diversify their product suite.
In addition to increasing revenue, by adding equities, brokers can also weather periods of low 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 in other business areas better. The currency markets, for example, experienced a prolonged period of low volatility towards the end of 2018 and throughout the first quarter of this year.
“Multi-asset offerings have been essential for the evolution of the FX and CFD industry for the past few years. With growing demands from customers across the globe, more and more broker-dealers have desires to add equities trading, whether real or CFD-based,” the statement from the company said.
“Deeply rooted in the U.S. equities market, Fortex’ DNA uniquely positions its system to offer, in addition to the existing Global Indices CFD and Crypto CFD trading, now Single Stock CFD’s to its institutional clients, enabling them to be more competitive in winning market shares.”