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ASIC regulated prime broker 26 Degrees Global Markets has expanded its Contract for Difference (CFD) offerings with the introduction of new Gold-paired trading instruments, allowing traders to simultaneously trade gold against major global indices and commodities.
The Sydney-based firm's latest product development enables traders to take positions on gold versus the US 30, US 100, Japan 225, China A50, and US Crude Oil through a single instrument. The move comes amid heightened interest in gold trading across retail markets.
ames Alexander, Group Chief Commercial Officer, 26 Degrees
"The rising popularity of gold trading among retail traders has been remarkable, and with our new Gold Pairs CFDs, we're excited to offer brokers the ability to cater to this demand while providing valuable diversification across multiple asset classes," said James Alexander, Group Chief Commercial Officer at 26 Degrees.
The expansion builds upon the company's Pairs CFDs platform, launched earlier this year, which was developed in-house to allow traders to take simultaneous long and short positions across different asset classes through a single instrument, just like an FX pair.
Alexander noted the timing of the launch coincides with a period of potential market volatility: "With recent interest rate changes from the Federal Reserve and a looming U.S. election, it would not be a surprise to see volatility surge in both US Indices and Gold in the coming months and these new Pairs bring both factors into play in a single instrument".
The platform's unified API integration allows brokers to stream these paired instruments alongside other asset classes, simplifying the trading process for users who previously needed to manage multiple positions separately.
26 Degrees said that “With the US Election around the corner, Pairs CFDs are a powerful tool for traders due to the heightened exposure they can provide around big news events. This presents a significant opportunity for brokers to offer a bespoke suite of highly relevant instruments to their clients and stand out from their competitors.”
More information about Pairs CFDs from 26 Degrees can be found here.
