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.