Interactive Brokers’ TWS platform offers access to daily leverage certificates at SGX

Maria Nikolova

Single Stock DLCs are structured products offering investors fixed leverage of 5 times the daily performance of the underlying stock.

Online trading major Interactive Brokers Group, Inc. (IEX:IBKR) now offers its clients access to Daily Leverage Certificates (DLCs) at Singapore Exchange (SGX).

Let’s recall that Single Stock Daily Leverage Certificates (DLC) started trading on the SGX in November 2018 and are now available via IBKR. The Single Stock DLC is a structured product offering investors fixed leverage of 5 times the daily performance of the underlying stock and provides a lower cost alternative to gain exposure to a select list of SGX and HKEx-listed stocks. Investors can also trade the 3x, 5x, and 7x Long and Short DLS on key Asian indices, including Hang Seng Indices and the MSCI Singapore Index listed on SGX.

Eligible clients can request trading permission for Singapore stocks by logging in to Account Management or Client Portal and selecting the Settings > Account Settings menu option. After they click the “Configure” icon on the Trading Permissions panel, they have to select “Singapore” from the listing of stock trading permissions.

From the Trader Workstation (TWS), one can enter the official ticker codes listed on the webpage of SGX. Click “Learn More” to review the listing of DLC Codes on the SGX website.

Recent additions to the offering by Interactive Brokers include new mutual funds. The company now offers access to 11,107 funds from 228 fund families, including 7,558 no load funds and 4,197 funds with no transaction fees. On top of that, the broker has added 9 new fund families: US Fund Families; Leaders Capital Funds; LS Theta Funds; Navigator Funds; Palmer Square Funds; Power Funds; Seven Canyons Funds; Third Avenue Funds; Weitz Funds, and William Blair Funds.

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading

Technology

DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.

<