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CMC Markets has added some more sector trading options to it spread betting and Contracts For Difference offering.
The key benefits of trading stock baskets through CFDs versus individual stocks are that you can speculate on an entire sector in a single trade rather than having to calculate the weighted value of individual stocks. CFD and spread betting costs are lower as the trade is a single transaction rather than individual positions. More new share baskets can be created on request.
The 17 new share baskets available from CMC Markets include:
- Big Tech
- Cyber Security
- Mobile Payments
- Driverless Cars, Gaming
- US Banks
- Renewable Energy
- China Tech
- Streaming Media
- Social Media
- Software as a Service
- Automation & Robotics
- UK Banks
- European Banks
- European Automobiles.
Simon Campbell, Group Head of Trading at CMC Markets, commented:
“As a business, we are committed to driving client success and continue to build products with this mission in mind. We see our clients’ interests pique when certain industries come into focus and we wanted to be able to offer an alternative way for our clients to trade on the opportunity.”
“With each of these high-profile industries being well covered in the mainstream media, there’s no shortage of information to help form trading decisions. So, whether a sector’s valuation is rising or falling, these baskets allow our clients to easily ‘trade the trend’ by taking a long or a short position accordingly.”
Christopher Hare, Global Head of Product Development for DeltaOne at IHS Markit, added:
“We are excited to deliver our expertise in portfolio and index valuation by collaborating with well-established providers like CMC Markets. Working together, we will advance the availability of innovative investments which bring greater flexibility to global financial markets.”
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.