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Singapore CFD brokerage Phillip Securities is now offering clients access to CFDs based on American Stock Exchange securities. Amex is the third largest options marketplace and also a leading US bourse for exchange-traded funds (ETFs).

Structured products and micro-cap stocks are also an important component of the exchange, Phillip said.

“We are very excited about the launch of the Amex markets, as products such as ETFs, which aim to track the underlying index or sector, are readily available for clients to diversify their portfolios with low capital, as margins for CFD ETFs start as low as 20%,” said Luke Lim, Head of Phillip CFD, ETFs and Extended Settlement.

Phillip CFD has Direct Market Access (DMA) for all of its US CFD markets, meaning that corresponding orders are sent straight to the respective exchanges and investors can therefore be assured that they are participating in actual market liquidity.

 

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

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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