Leading Australian retail Forex and CFD broker AxiTrader today announced the addition of the Nikkei 225 index to its lineup of tradable stock market indices.
Nikkei 225 is Japan’s most widely monitored index of stocks. It represents the largest 225 companies on the Tokyo stock exchange and includes some of the world’s most recognisable corporate names, such as Asahi, Kirin, Sapporo, Fuji, Mazda, Mitsubishi, Nissan, Suzuki, Toyota, Nikon, Yamaha, Shiseido, Mitsui, Sumitomo, Takeshimaya and Nippon Steel.
The addition will provide AxiTrader’s clients with exposure to trade opportunities previously not available through local exchanges, thus offering extra means for diversification and risk management.
As Nikkei is based on different drivers and components when compared with other indices such as the S&P 500, DAX or FTSE, it typically charts its own course. From the perspective of a trader or investor, it therefore offers different volatility, different exposure and a depth of liquidity not typically found in, for instance, the ASX.
Offering access to Nikkei 225 fits well with AxiTrader’s long term strategy to add more indices to its lineup of trading instruments, particularly in regards to Asian markets.
You can view the full announcement from AxiTrader on the latest addition to the offering by clicking here.