Swissquote Launches New CFDs on Asian Stock Indices

Swissquote Group, Switzerland’s provider of online trading services, is looking to diversify its suite of tradable options by adding new CFDs on top Asian stock indices to its Advanced Trader and Metatrader platforms.

The newly-added instruments include Spot Japan 225, Spot China 50 and Forward China 50. In a recent statement, the broker informed its clients about the new additions with an initial focus on blue-chip indices alongside plans to launch more from different exchanges across the world.

Swissquote’s FX platforms also allows users to trade on the movements of all the main European and American stock indices, as well as Japan’s. Most of these CFDs are available both as forward contracts with an expiration date or spot/synthetic instruments (no expiration date, overnight rollover/swap interest applies).

Swissquote broadens its product line as its clients’ desire to garner exposure in stock markets has been increasing. The inclusion of a new set of indices CFDs not only helps expand trading capabilities for its clientele but also attract more traders that are looking to diversify their trading options.

Swissquote reports solid financial results

The launch of new indices also makes sense and reflects the increasing demand on these instruments among traders in European markets. According to recent data by Poland’s largest broker, XTB, operating revenues were primarily influenced by the stock indices CFDs segment as the asset class generated 75 percent of the company’s total revenue in 2019 compared to only 49 percent a year earlier. Meanwhile, revenues from FX CFDs amounted to 18.0 percent of total revenues relative to 23.5 percent in 2018.

Swissquote reported last month solid results for H1 2020 supported by strong trading volumes as momentum created by the coronavirus pandemic resulted in an influx of new clients.

The company managed to increase net revenues by more than 43 percent in the first half of this year as compared to 2019 and pre-tax profits by a whopping 133 year-over-year.

As such, the Swiss online broker also drastically revised its outlook of the full year in an upward direction and now expects a pre-tax profit of CHF 100 million and revenue of CHF 300 million in 2020.