Global provider of online trading CMC Markets has expanded its range of products with the launch of signature share baskets. The baskets are designed to highlight company shares which exhibiting similar price behaviour, with good performance and momentum.
CMC markets announced that the first set of launched baskets are based on Relative Rotation Graphs (RRG).
Ed Gotham, Head of Growth at CMC Markets, commented:
Ed Gotham Source: LinkedIn
We have developed these unique signature share baskets in conjunction with recognised market experts to allow our clients to follow a specific trading methodology.
We know they are always keen to explore new opportunities and the early response to these baskets, designed to focus on strong relative momentum stocks from a range of equity indices, has already been encouraging.
The analytical methodology the new share baskets use identifies stocks exhibiting positive momentum when compared to their benchmark indices. The algorithm also backtests the performance of the stocks.
Products like this are designed to offer another layer of flexibility and recognise the increasingly sophisticated needs of CMC’s clients. They understand that investment professionals have no shortage of portfolio methodologies at their disposal, so this addition means we are able to provide yet another genuine innovation for those using CMC’s trading platform.
The London-listed broker revealed that now seven RRG Momentum+ share baskets are available, picked from major benchmark equity indices in the USA, Australia, Germany, Hong Kong and the United Kingdom.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.