As Canadian retail investors seek ways to diversify their portfolios, OANDA Canada is responding to customer demand to add more contracts for difference (CFDs) to its forex trading platform. The new assets give Canadians the opportunity to trade more indices and Treasury bonds on the same platform they rely on for currency trading.
OANDA Canada first introduced CFDs to its award-winning fxTrade platform in February 2013 with several leading international stock indices such as the top NASDAQ 100 futures, the Nikkei 225 futures index for the Tokyo Stock Exchange, and the FTSE 100 Index; U.S. Treasury Bonds, and commodities including Brent crude oil, natural gas, wheat, and corn.
Now, OANDA Canada’s clients can also trade the Swiss Market Index (Swiss 20), 20 of the largest Swiss mid-cap listed shares, the Russell 2000 Index (US Russ 2000) that measures the performance of the small-cap segment of the U.S. equity universe; and UK 10-year Gilts (10Y Gilts) and 10-year German Bunds (10Y Bund).
CFDs are over-the-counter, leveraged derivative instruments whose prices are based on underlying assets. With CFDs, traders can take broad positions in the world’s financial markets, equities, and commodities. Neither the trader nor the authorized, regulated dealer owns the financial asset; they only own the speculation contract.
According to Courtney Gibson, Vice-President of Trading at OANDA, the four new CFDs provide clients with more opportunities to invest in these versatile assets in a low-cost, commission-free way to do so with a reputable broker that is known for transparency and fairness.
“Investors who trade CFDs to speculate, hedge exposure in the underlying asset, and diversify their portfolios on the fxTrade platform know they can do so in cost-effective manner, with access to OANDA’s risk management tools, exceptional execution, and 24/5 global market access,” Gibson said. “With the addition of these new CFDs to the OANDA platform, we are continuing to respond to client demand to trade more global indices, commodities, and Treasuries in the same way that they trade forex.”
Note to Editors:
OANDA (Canada) Corporation ULC is a member of the Canadian Investor Protection Fund and is fully regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2012, OANDA was named “Best Forex Provider” by the Financial Times and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was recognized by Investment Trends Singapore as providing “Best Value for Money” and “Highest Overall Client Satisfaction”.
OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks. The company has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich.
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