Trading statistics of CFDs following successful launch

April 22, 2015

Global ECN broker Tickmill announced today its first monthly trading statistics of CFDs following successful launch of the product in March 2015.

Following strong customer interest towards trading CFDs, Tickmill on March 10, 2015 enabled trading on eight major CFDs covering stock indices for Germany, Japan, Europe, United Kingdom and the USA. In addition to Gold, the company also introduced trading in one of the most traded commodities in the world – the WTI crude oil. The eight CFDs track the movements of the most liquid financial markets in the world.

Tickmill today announced that during the first month of trading almost 15% of its active clients took the opportunity to trade CFDs. The company also reported that out of the tens of thousands of trades done by its clients in March, 52% were done with CFDs on German DAX 30 stock index, 21% on Japanese Nikkei 225 stock index and 20% on WTI crude oil. The fourth most popular instrument was CFD on the US S&P 500 stock index which accounted for 4% of all trades.

The company added that the day-to-day popularity of any concrete CFD was highly correlated to the underlying volatility of the market. Therefore, in March, CFD on WTI crude oil was the most popular trading instrument on the days when crude oil had its mini-crashes.

During the first month of trading almost 15% of Tickmill’s active clients took the opportunity to trade CFDs.

Sudhanshu Agarwal, CEO of Tickmill added, “By the end of 2015, the aim was that CFD trading would contribute between 10-15% of our trade volumes. With more traders gravitating towards it, I only expect the trend to increase. I am pleased that even though the majority of our client base is Asian based, location does not have as great an effect as does the movements and liquidity of the underlying market. This is evident from the figures on the German DAX 30 stock index and WTI crude oil.”

A CFD, also known as ‘Contract for Difference’, is a derivative product that gives opportunity to make money from both falling and rising markets. And because there is no expiry date, a CFD therefore allows traders to hold their positions for as long as they wish. Overall the flexibility of CFDs provides an excellent hedge against losses. In fact, traders can easily use CFDs to protect themselves against unexpected market movements.

A complete listing of the eight available CFDs and Tickmill’s other retail products can be found here at this link: http://www.tickmill.com/exchange-account/#cfd

Amongst Tickmill’s attractions to retail brokerage clients are spreads from zero pips, a transparent ECN (full STP and DMA) platform permitting all strategies including scalping, and a wealth of diverse trading instruments including 64 currency pairs as well as CFDs, precious metals, and related commodities.

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