Finalto enables trading on popular Russell 2000 Index
Trading software and liquidity services provider Finalto has introduced the Russell 2000 Index to its suite of tradable assets as it aims to diversify its range of investment options.
Through the new offering, traders will have at their disposal a wider range of instruments and possible strategies to invest in America’s top small-cap stocks by market capitalisation, covering a range of industries from commodities to banking and technology. It serves a role akin to how the S&P 500 functions as a benchmark for larger stocks.
The Russell 2000 Index tracks the performance of the 2,000 smallest stocks within the Russell 3000 Index. While the latter mainly includes the 1000 largest publicly traded companies in the United States, the Russell 2000 encompasses the remaining top small-cap and mid-cap companies. This index is known for its popularity due to its representation of small-cap companies across various sectors in the United States.
“The addition of the Russell 2000 Index to our asset offering represents a milestone in our continuous efforts to provide innovative and diversified investment options to our clients,” says Neil Wilson, Chief Market Analyst at Finalto. Wilson went on to say: “This index is an essential tool for investors looking to tap into the agility and potential of small-cap US companies while also simultaneously spreading risk across a number of different sectors”.
Finalto’s technology platform allows brokers to offer the Russell 2000 Index alongside other financial instruments, providing traders with access to data and tools for analysis and execution. This addition comes hot on the heels of Finalto’s earlier introductions of GoldYen and Taiwan NDFs this year, as the company continues to explore opportunities for enhancing its asset portfolio.
Finalto boasts a wide range of services and solutions to create the perfect technology proposition for a brokerage business. That includes a complete end-to-end solution consisting of front-end platforms, back-office administration, risk management tools, pricing tools and enhanced connectivity.
The past few month has seen Finalto consistently focus on upgrading its offering, culminating in the winning of Best B2B Liquidity Provider (Prime of Prime) at FMLS22 Awards, just five months after bagging the same award at the Ultimate Fintech Awards in June.
