Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.
Invast’s institutional clients can now trade natural, cultivated products such as Corn, Soybean, Wheat, Copper, Coffee Robusta, Coffee Arabica, US Heating Oil, Cocoa, Sugar and Cotton. The key feature of soft commodities is that they’re grown, not mined, and now its derivatives can be accessed via trading servers in NY4, LD4 and TY3.
Soft commodity CFDs offer traders an opportunity to speculate on their future price given the many risks that affect their delivery, availability, and lack thereof, which cause uncertainty in the underlying market.
In a corporate statement, Invast said it has introduced this sought-after asset class as it aims to capture the interest of several professional traders. Trading commodities can be a good way to diversify investors’ portfolio if they are trading shares or indices since they have negative or low correlation with other asset classes.
The massive range of volatility exhibited in these instruments creates an ideal environment for investors in CFDs, many of whom are looking for ways to buy into the markets’ bull run, just as they were able to bet against their rapid fall. On top of that, the new CFDs can be traded with zero commissions and are covered by the Market Data Rebate incentive allowing many clients to diversify their product range at no extra cost.
James Alexander, chief commercial officer at Invast, comments: “The new products, as with all Index and Commodity CFDs, are covered under the Invast Global Data Usage Agreement, providing full exchange coverage and reporting. What makes these products even more attractive is that they have been added to the Market Data Rebate incentive with no additional volume required, making the incentive a valuable benefit for our clients.”
Invast Global CEO Gavin White adds: “The new suite of Soft Commodity CFDs will complement our already comprehensive range of Index and Commodity CFDs, designed and managed inhouse by our quantitative pricing team. We are strategically focused on leading the market in institutional Index and Commodity CFD liquidity and this product expansion reaffirms that commitment to our client base.”
Invast Global has made headlines in November when it revealed plans to acquire GMO-Z.com Trade UK, the FCA-regulated subsidiary of GMO Internet Inc. (TYO:9449). This expansion into the UK will give the Australian headquartered Prime of Prime broker a foothold into the UK market.
The recent expansion also follows growing global demand for Invast’s PurePrime facility. Tailored for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers optimised FX and CFD liquidity via multiple trading GUIs or API, backed by tier one prime brokers.