The new indexes are expected to be a great addition to City Index’s current Brexit trading offering, which currently includes free SMS volatility alerts, FX pairs from 50p a point and a Brexit trading hub featuring the latest related news, market insights and expert analysis.
Cboe Europe has announced that online trading specialist GAIN Capital has signed a license agreement to utilize Cboe’s suite of 18 UK benchmark indexes and the Cboe Brexit High 50/Low 50 Indexes for benchmarking against European markets.
The deal includes the creation of original products across their two leading trading brands; City Index and FOREX.com. The former plans to use two new sector benchmark indexes derived from the Cboe UK All Companies Index – the Cboe UK Banking and Investment Services and Cboe UK Mining and Mineral Product Indexes – as underlying indexes for the creation of CFD instruments to trade on their platforms.
City Index’s current Brexit trading offering currently includes free SMS volatility alerts, FX pairs from 50p a point and a Brexit trading hub featuring the latest related news, market insights and expert analysis. The new indexes are expected to be a great addition to the Brexit-related offering.
Chris Lodge, Senior Director of Private Client Desk at GAIN Capital, commented:
“GAIN Capital is delighted to announce our working partnership with Cboe. European markets are evolving against a backdrop of unprecedented historical change and GAIN Capital is committed to providing our customers with suitable trading products that offer both liquidity and simplicity. The Brexit High 50/Low 50 Indexes represent a new opportunity for our clients to strategically manage risk and opportunity. We look forward to developing further unique and state-of-the-art instruments and remain committed to supporting GAIN Capital clients with industry-leading levels of customer service and technology.”
Shaun Baskett, Director of Index Sales at Cboe Europe, said:
“We are excited to work with GAIN Capital on the development of two new sector benchmarks as they work to create unique trading products for their clients. Our Equity benchmarks provide real-time, high-quality data that allows customers to use them in a variety of ways from benchmarking to product creation.”
A global leader in Spread Betting, CFD Trading and Forex Trading, City Index provides trading opportunities on over 12,000 financial markets worldwide including FX, Indices, Commodities, Equities, and Cryptocurrencies.