Swissquote expands offering with CFDs on single US stocks

abdelaziz Fathi

Swissquote Group, Switzerland’s provider of online trading services, is looking to diversify its suite of tradable assets by adding new CFDs on single US stocks, which marks yet another stage of its decisive move into the surging arena.

The brokerage firm already allows its clients to trade CFDs on Swiss, German, French and British blue chip stocks. They can now also profit from trading CFDs with US stocks as underlying assets on its Advanced Trader and Metatrader platforms.

The multi-asset platform broadens its product line as clients’ desire to garner exposure to stock markets has been increasing. The inclusion of single stock CFDs not only helps expand trading capabilities for its existing clientele but also attracts more traders that are looking to diversify their trading options.

The case for adding more assets has been growing in recent years as the company’s clients from certain regions, including fund managers, hedge funds, and commodity trading advisors, are keen to actively trade local stocks.

In a recent statement, the broker informed its clients about the new additions with an initial focus on blue-chip companies listed on US exchanges. However, the ultimate goal of the brand is to grow its offering to include single stock CFDs for different companies globally, which will be added gradually.

Swissquote’s platforms allow users to trade on the movements of major currencies, as well as stocks and indices. Most of these CFDs are available both as forward contracts with an expiration date or spot/synthetic instruments (no expiration date, overnight rollover/swap interest applies).

Switzerland’s provider of online trading services has recently signed a three-year deal to become a major sponsor of the UEFA Europa League and the newly-launched UEFA Europa Conference League. The landmark partnership will run from 2021 until 2024.

The sponsorship deal with Uefa covers most of the European soccer body’s national team and club competitions.

Swissquote’s sponsorship rights includes exposure opportunities such as stadium hospitality, as well as exclusive on-site activation experiences at all 282 matches. Also in the package is joint digital campaigns and a branded content visibility across the competitions’ digital and social media platforms.

Although the specific details of the sponsorship agreement have not been disclosed yet, securing the ‘official partner’ status opens up an exciting opportunity for Swissquote to target audience through a broad attendee and viewership market. The UEFA’s contest often draws a large TV audience for their matches, and the number has seen growth year on year which enables sponsors to deliver their marketing messages in a fun and entertaining way.

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