CMC Connect, the institutional business arm of UK’s biggest spread better, has expanded its offering by launching contracts for difference (CFD) on more than 70 new UAE stocks.
This expansion broadens investment opportunities available to CMC Connect’s users in the Middle Eastern market. The inclusion of stock CFDs not only helps expand trading capabilities for the clientele of its brokers but also attract more traders that are looking to diversify their trading options.
These UAE stocks comprise companies listed on the Dubai Financial Market and the Abu Dhabi Securities Exchange. They span various sectors, including financial services, real estate, and energy. CMC Connect’s clients can now access this diversified range of UAE stocks as derivative products.
With its trading technology and 24/5 customer service, CMC Connect empowers clients to trade seamlessly while staying informed about the latest market trends and opportunities.
The case for adding more assets has been growing in recent years as the company’s clients from certain regions, including fund managers, hedge funds, and commodity trading advisors, are keen to actively trade local stocks.
Richard Elston, Group Head of Institutional at CMC Connect commented: “We are very pleased to announce the addition of over 70 UAE stocks to our trading platform, as part of our ongoing commitment to offering our clients access to the world’s most active and exciting markets. The UAE is a dynamic and rapidly growing market, and we are excited to be offering our clients the opportunity to invest in a range of local opportunities.”
David Fineberg, Deputy CEO at CMC Markets, added: “As a leading provider of online trading and investment services, we are committed to providing our clients with the best possible trading experience. We are confident that the addition of these stocks to our platform will generate significant interest among our clients, and we look forward to engaging with them as we continue to expand our range of products and services and our physical presence in the region.”
This launch also marks another expansion into the CFDs market by a UK-based liquidity provider, which is an exciting development for the asset class that offers low-cost diversification and arbitrage options for investors. With typical FCA diligence, CMC Connect should have ticked all of the boxes in the design and implementation of its offering.
The London-based trading provider has set ambitious growth targets for their B2B arm of business which CMC expect to achieve by catering to a greater range of institutional client types and their respective trading strategies.
