CMC Markets, an online brokerage of forex and contracts for difference (CFDs), has introduced a new trading instrument to clients in Germany and Austria – Knock-Out CFDs, the broker said earlier this week. The instruments are available for trading via Next Generation, the broker’s proprietary trading platform and the only one in its offering.
“We are very excited to be able to launch Knock-Out CFDs in Germany and Austria and become the first CFD provider in Germany to do this. This is part of our extensive new product development pipeline,” CMC Markets CEO Peter Cruddas said. The broker provided no details concerning the trading conditions of the new instruments.
Knock-Out CFDs are a limited-risk form of derivatives. Trading in these instruments enables investors to speculate on the rising or falling prices of fast-moving global financial or instruments, such as shares, indices, commodities and currencies.
Earlier this year, CMC Markets introduced trading in binary options. With the addition of Knock-Out CFDs, the broke said it furthers its new product strategy for growth.
In addition, the broker offers retail trading in more than 10,000 financial instruments, including forex and CFDs on shares, indices, commodities and treasuries, as well as spread betting.
CMC Markets holds a license from the UK’s Financial Conduct Authority (FCA). The brokerage got listed on the London Stock Exchange (LSE) in February this year, raising about £218 million. It serves retail and institutional clients and has offices in 14 countries with a focus on the markets in the UK, Australia, Germany and Singapore.