London, Sydney, Johannesburg, 19 May 2020 – FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is today announcing a wider launch of its Stock Basket offering to customers. Effective immediately, basket products are tradeable by customers on its Australian and South African entities.
FXCM’s stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. This allows customers to speculate on sectors as a whole instead of having to select a single company.
FXCM currently offers 6 baskets to its retail clients: Big US Tech (“FAANG”), Esports & Gaming (“ESPORTS”), Biotech, Cannabis, China Tech (“CHN.TECH”) and China Ecommerce (“CHN.ECOMM”). The list of companies and weightings is available on FXCM’s stock basket website (https://www.fxcm.com/markets/stock-baskets/) This announcement follows closely behind FXCM’s initial launch of its Share CFD offering, with the broker expected to launch trading on more individual companies and stock baskets later this year.