The FinancialWith many new traders flocking to take advantage of individual share products, UK-based online brokerage TigerWit has launched contracts for difference (CFD) on single stocks following feedback from clients of TigerWit’s core markets in the UK, Europe and Asia were keen to actively trade local stocks.
The broker recently informed customers in a message indicating that it will initially roll out popular blue-chip stocks listed on major exchanges in the US, European and Asian markets, but plans to expand the product set with more companies on a global scale. The broker is the latest in a list of UK brokers who have recently launched equities trading by way of CFDs for retal clients.
Speaking on the addition of equity CFDs to the platform, TigerWit CEO Tim Hughes said: “Whilst we are first and foremost a provider of FX, indices and metals markets, allowing our clients to trade global equities is a natural addition as we broaden our fintech offering. Step-by-step we are growing as a financial services provider, so it is important to be able to offer clients a full suite of markets to trade. This is particularly important when global markets have experienced such heightened volatility as it provides clients with the ability to diversify into other asset classes”.