Tickmill launches new CFDs from Small Exchange

Rick Steves

The launch opens the door to a swathe of products, including Cannabis, Cryptocurrency Equity Index, and 2YR US Treasury Yield.

Retail FX and CFD broker Tickmill has announced direct market access to CFD’s based on futures products from the Small Exchange.

The brokerage firm said it had to create its own pricing mechanism based directly on the underlying exchange to pull this off successfully as it aims to democratize futures. The new instruments are offered as CFDs and available on the MetaTrader 4 platform.

Futures turned into CFDs on MT4

Currently in IG Group’s possession, the Small Exchange is expected to be sold to leading digital asset exchange operator Crypto.com as the firm looks to enter the derivatives trading segment. Should the deal close, Travis McGhee and Donald Roberts will continue as the CEO of Nadex and Small Exchange respectively.

Duncan Anderson, Chief Executive Officer at Tickmill UK, said: “The Small Exchange itself is designed with the everyday investor in mind. With their recent sale to Crypto.com, we wanted to deepen our partnership with them to be able to take better advantage of their exciting new products coming out.”

“With the latest addition of the new instruments, our traders are able to explore the world of futures within the familiarity of a CFD and MT4 trading environment!”, Anderson added.

“This means no market data fees and the products are offered as non-expiring CFD contracts so that clients do not have to worry about rolling over their positions every month. Our brokerage team has worked tirelessly to enhance the trading conditions even further by ensuring that we can offer exceptionally competitive leverage to our traders”.

Tickmill is regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), the Labuan Financial Services Authority, and South Africa’s Financial Sector Conduct Authority (FSCA).

Cannabis, Cryptocurrency, Technology

Below is the list of Tickmill’s CFDs based on The Small Exchange’s products.

STIX: Small Technology 60 gives comprehensive access to the tech sector by tracking the most active stocks from information, retail, media, and biotechnology.

SM75: Small Stocks 75 futures (SM75) give traders access to the most active stocks from the technology, industrial, energy, financial, and material sectors with one easy trade.

SFX: Small US Dollar futures (SFX) are priced directly to the United States dollar, eliminating the need for conversions when trading foreign exchange.

SPRE: Small Precious Metals futures (SPRE) give traders easy access to the three most popular metals—gold, silver, and platinum—in one easy trade.

S2Y: Small 2YR US Treasury Yield futures (S2Y) give traders simplified access to short-term interest rates for hedging and speculation in a single, succinct yield.

S10Y: Small 10YR US Treasury Yield futures (S10Y) let traders skip the calculations that translate yield to price by simplifying variables in interest rates into a single, succinct yield.

S30Y: Small 30YR US Treasury Yield futures (S30Y) let traders easily invest in bonds by simplifying variables in interest rates into a single, succinct yield.

S420: Small Cannabis futures (S420) let traders speculate on the producers and distributors of medical and recreational cannabis products in one easy trade.

SMO: Small US Crude Oil futures (SMO) give traders a direct line to one of the world’s most consumed energy sources in a manageable size for a historically volatile market.

SCCX: Small Cryptocurrency futures (SCCX) allow traders to invest, speculate, and manage risk in securities driven by cryptocurrencies with one easy trade.

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