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CFD broker Infinox to offer S&P 500 micro futures to Brazilian traders

UK-based CFD provider Infinox has followed up on its trailblazing rollout of forex futures trading in South America by offering Brazilian investors access to S&P 500 Micro futures.

The global trading platform has been selected by the Brasil Bolsa Balcão stock exchange – known as the B3 – as a market maker for the hugely popular equity futures contracts, which allow investors affordable exposure to the S&P 500 index.

The appointment means that Brazilian investors in the B3 – the world’s third largest derivatives exchange by volume in 2019 – can now trade Micro futures contracts that track the S&P 500 index of large-cap US companies in their home market, and without needing to send funds out of the country.

The simplicity and liquidity of S&P 500 futures means they have long been a staple for both professional and amateur traders. But the introduction in 2018 of Micro futures, which are 20 times smaller than a standard contract, transformed the trading landscape by offering sophisticated retail investors affordable, highly leveraged exposure to one of the world’s best known equity indices.

The surging popularity of S&P 500 Micro futures saw the total volume traded over the past three months hit $5.61bn, a 230% increase on the previous quarter.

Infinox’s selection as a market maker by the São Paulo-based B3 – Brazil’s second oldest exchange, with a market cap of $715bn – unlocks S&P 500 Micro futures for a market already showing strong investor demand.

Robert Berkeley, CEO of Infinox, said:

“The scale and potential of Brazil’s untapped market is truly exciting. Brazilian investors already trade over $70bn per day on just two futures products, so the arrival of S&P 500 Micro futures is a gamechanger. Earlier this year Infinox took the strategic decision to use our high levels of liquidity to diversify into market making for established and successful exchanges like the B3. We blazed a trail by enabling Brazilian investors to trade forex futures, and we’re now proud to offer them access to the S&P 500, one of the world’s best-known and most highly traded equity indices.”

The CFD broker has more than a decade of experience in its home market, and now has a presence in 15 countries. Infinox prides itself on providing competitive trading conditions and premium client service. Berkeley says he is looking forward to unlocking US equity futures trading to a new wave of ambitious Brazilian investors.

Stuart Fieldhouse, Editor

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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