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.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales.