IC Markets expands CFD lineup


Australian retail Forex and CFD broker International Capital Markets Pty Ltd (IC Markets) earlier today announced it is expanding the lineup of trading instruments.

The move will be of interest to fans of CFD trading, as the company is launching three new contracts. Clients of the broker can now trade Futures CFDs based on the China A50 Index, CBOE Volatility Index (VIX) Index and ICE Dollar Index. These new CFDs are based on the exchange traded futures contract and have an expiry date.

The China A50 Index is a weighted index comprising of the largest 50 companies by market capitalisation listed on the Shanghai and Shenzhen stock exchanges. The index includes companies such as Ping An insurance, China merchants Bank, Haitong Securities and China Railway Group. The index is predominantly made up of Banks, Insurance, Oil and Gas, Technology and Telecommunications Companies.

Andrew Budzinski, Chief Executive Officer of IC Markets said:

“Our clients can now trade one of the most volatile indices globally which despite falling over 20% from its early June high is still up 77% for the year to date. No other Index globally has achieved such gains this year.”

In addition to the China A50 Index IC Markets has introduced CFDs based on the VIX and Dollar Index futures contracts. The VIX is a leading measure of market expectations of near-term volatility conveyed by the S&P 500 Index (SPX) option prices. The Dollar Index is a benchmark for the international value of the US dollar and a measure of the value of the US dollar relative to the six main currencies of its most significant trading partners and is often used as a hedge against a risk of a move in the dollar.

Andrew Budzinski added: “The addition of these leading futures based CFDs will allow traders to better hedge their portfolios to protect themselves from market moves, these new CFDs will be especially helpful in the current market volatility”.

These new Futures CFDs will be available on the MetaTrader 4 (MT4) platform.

To view the official announcement by IC Markets, click here.

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IC Markets expands CFD lineup

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