With the addition of 17 more baskets, the clients will have exposure to a variety of sectors, ranging from baking to gaming. The company will also be utilizing the services of IHS Market, to ensure that the corporate actions are handled appropriately.
CMC Markets has reportedly announced the addition of 17 share baskets in its trading platforms, which it believes will help the investors and traders in gaining knowledge about a whole variety of sectors, comprising of banking, gaming, renewable energy and many more.
Within every basket, there is a maximum of 50 stocks, with each having a tiered weighting. The weightage is given to prevent large movements in prices for conglomerates handling several sectors, as a result of having a substantial influence on the value of the basket.
With the implementation of these new baskets, the clients will now be able to trade via Cannabis, Cyber Security, Social Media, 5G, Streaming Media, Mobile Payments, Big Tech, European Banks and European Automobiles, Driverless Cars, UK Banks, Gaming, China Tech, US Banks, Software as a Service, Renewable Energy, and Automation & Robotics.
It is pertinent to mention that the products of the company are designed internally, which means that there are chances of more baskets being added as and if the demand for them increases.
Sharing his views on the abovementioned development, the Group Head of Trading at CMC Markets said: ‘As a business, we are committed to driving client success and continue to build products with this mission in mind. We see our clients’ interests pique when certain industries come into focus and we wanted to be able to offer an alternative way for our clients to trade on the opportunity’.
‘With each of these high-profile industries being well covered in the mainstream media, there’s no shortage of information to help form trading decisions. So, whether a sector’s valuation is rising or falling, these baskets allow our clients to easily ‘trade the trend’ by taking a long or a short position accordingly’, he added.
The company is making use of IHS Markit, a business information provider, to make sure that the corporate actions are being taken care of and that the configurations are being maintained.
Regarding this, the Global Head of Product Development for DeltaOne at IHS Markit, Christopher Hare has this to say: ‘We are excited to deliver our expertise in portfolio and index valuation by collaborating with well-established providers like CMC Markets. Working together, we will advance the availability of innovative investments which bring greater flexibility to global financial markets.’