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Screenshot of a breaking news alert e-mail from Q2 2017
As part of Swiss FX marketplace Dukascopy Bank’s remit toward diversifying its product range, today signals the launch of a range of contracts for difference (CFD) instruments including US Crude Oil, as well as Australian, Spain, EU and Hong Kong stock indices which are now available for live trading at Dukascopy.
The new CFDs join nine instruments we had reported that Dukascopy was offering when it first went live with CFD trading back in September.
The new CFD instruments can be added using an instrument selector in the trading platform. Clients, who do not have access to CFDs from the trading platform are kindly asked to contact their account managers.
Late last month, in a TV interview with LeapRate, Dukascopy Bank’s Chief Operating Officer Marc Spaelti explained that the company is focusing on increasing its range of instruments, having recently launched CFD trading, from tens to several hundred in the near future, with today’s launch of these five instruments following that line of thinking.
This corporate direction is in line with an industry-wide interest in CFD trading which has gained momentum recently, with many companies beginning to offer such trading, and large FX firms purchasing British CFD companies for sizable sums of money as demonstrated by GAIN Capital’s recent acquisition of City Index for $118 million, and Charles-Henri Sabet’s financing package which rejuvenated London Capital Group in order to take its product range to an international audience.
For the official announcement from Dukascopy Bank, click here.