Advanced Markets Group upgrades its CFD Offering, adds China and Singapore Indices and the US Dollar Basket

“The decision to add Asian indices was driven by strong demand from our client base in the Far East. Asian economies represent the largest source of potential revenue, with GDP growth 2.5 times that of the U.S. or Europe” says Natallia Hunik, Global Head of Sales, Advanced Markets

Currency derivatives volumes explode in 2015

Advanced Markets Group, the leading institutional multi-asset liquidity and true prime-of-prime service provider, is pleased to announce the addition of the China A50, China H-Shares and Singapore Blue Chip index CFDs to its already extensive list of tradable instruments.

The “China A50” (CHA50) index encompasses the top 50 A-Share companies listed on either the Shanghai or Shenzen Stock Exchanges, and encapsulates a diverse range of industries, from banking and investment right through to manufacturing, providing a broad indication of the performance of the Chinese economy in general. This index is Yuan-denominated.

The “China H-Shares” index (CHH) represents the shares of incorporated, mainland China companies that are listed on the Hong Kong Stock Exchange. Unlike the A50, the China H-Shares index is quoted, and traded, in Hong Kong Dollars.

The “Singapore Blue Chip” index (SING) tracks the performance of the top companies listed on the Singapore Exchange with a wide variety of industries represented. It effectively the benchmark for the Singapore equity market and is Singapore Dollar-denominated.

Strong demand of Asian indices from clients

Natallia Hunik, Advanced Markets Groups Global Head of Sales commented,

“The decision to add Asian indices was driven by strong demand from our client base in the Far East. Asian economies represent the largest source of potential revenue, with GDP growth 2.5 times that of the U.S. or Europe. Given our strong presence, and track record, in the region, this new addition to our product line only further strengthens our commitment to Asia”.

Advanced Markets Group has also added the US Dollar Basket CFD which provides a measure of the value of the U.S. Dollar relative to the currencies of its main trading partners and is therefore a useful indicator of Dollar strength or weakness.

“The addition of these instruments allows access to exciting new global markets and provides our clients with the opportunity to further diversify their trading portfolios” stated Anthony Brocco, Advanced Markets Group Founder and CEO, “we look forward to releasing more diverse trading products in the days ahead.”

Read this next

Digital Assets

AAX ranked world’s second largest spot exchange, only behind Binance

Crypto trading volumes experienced their first surge in activity since March as the majority of digital assets began their recovery from the recent grim price action, according to a new report by Cryptocompare.

Digital Assets

Bitpay teams up with Cardlytics to provide 15% cashback rewards

Crypto payment service provider Bitpay announced a partnership with Cardlytics Inc (NASDAQ:CDLX), which it says will offer more rewards for BitPay cardholders on its platform.

Digital Assets

BlackRock digs further into crypto with spot bitcoin private trust

BlackRock, the world’s largest asset manager with almost $8 trillion in AUM, has launched a spot bitcoin private trust for institutional clients in the United States.

Digital Assets

SEC fines Bloom Protocol, orders refund to BLT token purchasers

Blockchain startup Bloom, which raised $30 million in funds via an initial coin offering (ICO), has agreed to return the money to token purchasers and pay a $300,000 fine, the SEC announced.

Institutional FX

FX volume takes step back at Singapore Exchange in July

The Singapore Exchange (SGX), the country’s paramount exchange operator, has released its monthly volumes across its FX, derivatives and commodities segments for July 2022.

Market News

The Week Ahead: 12 August from David Madden, Market Analyst at Equiti Group

There was a spike in volatility last week when the US CPI report ticked down to 8.5% from 9.1%, missing the forecast of 8.7%. The announcement led to chatter the Fed might not carry out a 0.75% interest rate hike in September.

Digital Assets

Pomelo Pay adds crypto payments capabilities from TripleA

According to a June survey conducted by Deloitte, nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years.

Executive Moves

Talos appoints “boss, mentor, and friend” Neal Pawar as strategic advisor

“Foundational technologies are needed for institutions to fully embrace this potential, however, and in my opinion Talos’s platform is steadily becoming the de facto industry standard for digital asset trading.”

Technology

Avelacom enhances Middle East connectivity amid new market trends

Avelacom found that smaller markets in the region were not sufficiently covered by third-party vendors.

<