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

Inside View

Crypto Liquidity Providers: No Transaction, No Party!

One of the most integral parts of trading cryptocurrencies is ensuring seamless transactions; however, this is not always easy when you first start using cryptocurrency exchanges.

Digital Assets

Niftables launches white label NFT platform for content creators and brands

Niftables is the go-to platform for brands and creators looking to realize their NFT vision — whether they’re an individual or the biggest entertainment company in the world.

Retail FX

ACY Securities sponsors Table Tennis NSW as CFD broker bets in Australia’s youngest

ACY Securities has partnered with Table Tennis New South Wales (TTNSW) for a two-year sponsorship agreement intended to highlight the Chatswood-based multi-asset CFD broker’s brand in Australia, with a focus on the southeastern state.

Executive Moves

Peter Hetherington appointed CEO of Capital.com, Currency.com, and Shares.com

With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success.”

Digital Assets

Crypto platform Elwood raises $70m from Goldman Sachs, Dawn, Barclays, BlockFi, Flow, Galaxy, more

Elwood Technologies has closed a $70 million Series A funding round co-led by Europe’s largest B2B investor Dawn Capital and global investment bank, Goldman Sachs.

Industry News

Wilshire to launch Climate Change 1.5℃ Target Index with Nikkei and Hang Seng

Wilshire has announced a collective launch with Nikkei and Hang Seng to bring to market the first in a series of indexes empowering investors to transition their investments towards a low-carbon and climate resilient economy.

Industry News

Anne Boden’s Starling Bank bets big on UEFA Women’s EURO 2022 tournament

Starling Bank has launched a campaign ahead of the UEFA Women’s EURO 2022 tournament as part of its national sponsorship, the biggest ever for the bank.

Industry News

Older adults flock to financial apps as Revolut reports 215% more UK users aged 55-74 since pandemic

Data has also shown that older adults are back to travelling as the 55-64 UK age group has seen a tenfold increase in the amount spent in foreign countries over the past two years, and the 64-75 age group isn’t far behind with an 840% increase.

Industry News

Ripple replies to SEC’s last attempt and “shoves it down their throats pretty hard”

“The SEC really messed that up. How can Hinman receive legal advice from SEC lawyers for a personal opinion?”, attorney Hogan commented.

<