CMC Markets launches three new indices for the energy, agricultural and precious metals sectors

The Energy Index is composed of two types of crude oil, West Texas and Brent, as well as heating oil, natural gas, gasoline and diesel. The Agricultural Index consists of a total of 12 commodities, including wheat, corn, soybeans, sugar and coffee.

CMC Markets, one of the world’s leading spread betting and contracts for difference (CFD) providers, now offers its customers three new commodity indices: the Energy Index, Agricultural Index and Precious Metals Index.

This gives clients the opportunity to invest in multiple raw materials simultaneously and cost efficiently, with just one transaction. It can also reduce the volatility risk of the individual commodities. Please remember, spread bets and CFDs are complex products and come with a risk of losing money rapidly due to leverage.

Simon Campbell, Group Head of Trading, commented: “Gold and oil in particular have moved more and more into traders’ focus in recent weeks. While precious metals are being hailed as a safe haven during turbulent times on the stock markets, the oil price is reacting to the recent rise in geopolitical risks.”

“However, since oil prices and other energy commodities such as natural gas do not generally react equally well or in the same direction, our new Energy Index offers a good opportunity to spread risk across multiple commodities. In addition, our Precious Metals and Agricultural indices offer similar diversification benefits for these commodity sectors” concluded Mr Campbell.

The Energy Index is composed of two types of crude oil, West Texas and Brent, as well as heating oil, natural gas, gasoline and diesel. The Agricultural Index consists of a total of 12 commodities, including wheat, corn, soybeans, sugar and coffee.

As a rule, the individual commodities are weighted according to their average daily trading value of the nearest six futures contracts. Gold and silver are each weighted at 35% in the Precious Metals index, with platinum and palladium weighted at 15%.

The new product range can be viewed by clicking here.

Read this next

Digital Assets

FTX resumes salary payments to employees and contractors, except in Bahamas and Australia

“FTX also is making cash payments to selected non-U.S. vendors and service providers where necessary to preserve business operations, subject to the limits approved by the Bankruptcy Court. We recognize the hardship imposed by the temporary interruption in these payments and thank all of our valuable employees and partners for their support.”

Market News

Rishi Sunak’s reign in real data

After several weeks of Rishi Sunak’s appointment as the new Prime Minister, it is obvious that he has claimed quite the public support.

Digital Assets

CrossTower acquires BEQUANT to help crypto industry reset and consolidate

“We are stabilizing an industry with incredible promise; regaining trust; and rebuilding the future of finance.”

Retail FX

Plum launches crypto offering for EU residents

Plum has added crypto investing to its range of investment options in France, Belgium, Spain, and Ireland. Residents there will be able to buy and sell cryptocurrencies in their app with just a few taps, via services provided by Bitpanda.

Retail FX

FX/CFD and Crypto broker Quantfury launches fractional trading of stocks, ETFs, commodities

“Quantfury is advancing its unmatched trading and investing conditions further by making it even more affordable to Quantfurians out there. Fractional trading mode opens up more trading opportunities to the Quantfury global audience of more than 400,000 Quantfurians.”

Industry News

SEC awards $20 million to whistleblower despite degree of culpability and reporting delay

The Securities and Exchange Commission has awarded a whistleblower with $20 million for providing new and critical information that led to the success of an enforcement action.

Institutional FX

Tradesmarter’s white label WOW TRADER integrates with TradingView

Tradesmarter’s white label trading platform solution WOW TRADER has integrated with TradingView, the high performance and mobile friendly charting tool.

Industry News

ASIC loses fee overcharging case against Commonwealth Bank of Australia

“ASIC pursued this case because we believed CBA did not have robust compliance systems to ensure customers were being correctly charged. ASIC will carefully consider the judgment and continue to work to ensure large financial institutions charge fees correctly and put their customers first.”

Digital Assets

Kraken pays $362K fine for onboarding Iranian users

Cryptocurrency exchange Kraken will pay $362,158 to settle its civil liability for apparent violations of US sanctions on countries like Iran, the Treasury Department’s Office of Foreign Assets Control said.

<