CMC Markets adds new range of forex indices
CMC Markets, a CFD provider, has announced that has expanded its range of bespoke indices with the addition of 12 new forex baskets to its platform by offering to its clients a way to gain a diversified exposure to a dozen worldwide economies.
All 12 indices are designed on a trade-weighted basis. The liquidity and stability of each currency pair within the indices are taken into account, as well. This means that even in volatile markets, CMC delivers consistent pricing of its products, where the maximum weighting of any one cross is capped at 40% to prevent any unnecessary influence of one single currency pair.
Simon Campbell, Group Head of Trading, says:
“We are continually working with our clients to ensure we deliver a product suite which allows them to trade in exactly the way they want. The increasingly complicated geopolitical landscape is creating a range of trading opportunities, and these new indices give CMC clients the potential to gain broad-based exposure to a number of distinct economies, from the eurozone or US, to countries like Sweden, Norway or Singapore.”