FX liquidity provider and prime of prime brokerage CFH Clearing, part of the TradeTech Group financial unit of Playtech PLC (LON:PTEC), announced that it has extended its multi-asset liquidity offering with the launch of five new base metals:
- Aluminium (XAL),
- Copper (XCU),
- Nickel (XNI),
- Lead (XPB) and
- Zinc (XZN) can be traded against USD.
CFH Clearing has secured competitive pricing for its base metal liquidity as a result of its strong direct relationships with commodity specialist Liquidity Providers.
Andy Biggs, Head of Liquidity, CFH Clearing commented:
In line with market demand, our focus is on offering institutional clients a range of asset classes. We have worked hard to add five new base metals to our liquidity stack as a rolling spot product. This means that these base metals look familiar to clients who are used to our FX liquidity and can easily be integrated into their platform, fitting in like any other CFD product.
There’s been an increasing electronification of base metals and we feel that the five base metals we have selected are liquid enough to offer a competitive spot price. We look forward to announcing further products and asset classes in the near future.
CFH Clearing is part of Playtech plc’s financials division, TradeTech Group and is authorised and regulated by the Financial Conduct Authority (FCA).