Prime-of-prime firm has expanded its multi-asset liquidity offering through introducing five new base metals. The new contracts are expected to be an important growth driver for TradeTech Group’s liquidity provider which aims to complement its existing product suite and attract new players to the market.
CFH Clearing said it has secured competitive pricing for its new instruments, which will be followed by another set of new products and asset classes in the months ahead.
Per the new launch, clients will be able to access the US dollar-denominated contracts on Aluminium (XAL), Copper (XCU), Nickel (XNI), Lead (XPB) and Zinc (XZN).
Enabling clients’ access to such a broad list of derivative products under a unified technology and clearing solution is a highly progressive model both in terms of software and brokerage.
CFH Clearing expands distribution network
CFH Clearing, which operates as a liquidity provider for small and medium-sized institutional clients and an STP broker for high net worth and institutional clients, has recently formed partnership with oneZero Financial Systems to expand the to a greater pool of accredited financial entities.
This expansion of the FX services and distribution network will make CFH Clearing’s liquidity also available to a broader set of market participants in the US and Australia including banks, brokers and fund managers.
Commenting on the news, Andy Biggs, Head of Liquidity at CFH Clearing said: “In line with market demand, our focus is on offering institutional clients a range of asset classes. We have worked hard to add five new base metals to our liquidity stack as a rolling spot product. This means that these base metals look familiar to clients who are used to our FX liquidity and can easily be integrated into their platform, fitting in like any other CFD product. There’s been an increasing electronification of base metals and we feel that the five base metals we have selected are liquid enough to offer a competitive spot price. We look forward to announcing further products and asset classes in the near future.”
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