The leading multi-asset prime broker has recently rolled out its newest trading product, Pairs CFDs. The fresh offering was developed in-house, and it allows traders to trade any two instruments against each other as a single instrument, similar to an FX pair.
With this advanced technique, a trader can now hold a long-term position while simultaneously capitalizing on smaller time frame movements. Traders who master this approach and scalp additional profits from minor market moves reduce the risk in their long-term positions while being able to hold on for longer and more profitable runs.
Specifically, Pairs CFDs enable traders to go long in one instrument and short in another, creating a single leveraged position that simplifies the trading process. This approach offers a more effective trading experience compared to traditional pairs trading methods, which require managing two separate trades. Pairs CFDs provide a single ratio of the two instrument prices, allowing traders to set stop loss and take profit levels more easily.
The product also offers brokers customizable liquidity across various inputs, including spreads, skew, and time-based markups. Moreover, it supports orders from platforms such as MT4, MT5, and FIX gateways. Pairs CFDs can be streamed via API from any of the company’s trading servers in LD4, NY4, and TY3.
According to chief executive Gavin White, no one else in the world is currently offering this kind of product, which allows brokers to potentially offer their clients hundreds of new and unique pairs, traded as a single position.
26 Degrees launched with an initial suite of 20 Pairs CFDs and plans to add new and bespoke pairs in response to client feedback. Previously known as Invast Global, 26 Degrees is a multi-asset Prime Broker specializing in offering prime services to brokers, hedge funds, proprietary trading firms, and family offices globally. Building on a decade-long history in Australia, the firm is regulated by the FCA, SFC, CTFC, and CIMA registered.
