CMC Connect has announced an expansion of its offerings. The company has launched contracts for difference (CFDs) on more than 70 new stocks from the United Arab Emirates (UAE). The offer is to enhance investment opportunities for its users in the Middle Eastern market.

This expansion broadens the scope of investment possibilities available to CMC Connect's clients. It also serves as an attractive proposition for traders seeking to diversify their trading options.

Access to UAE Stocks as Derivative Products

The newly introduced UAE stocks represent companies listed on the Dubai Financial Market and the Abu Dhabi Securities Exchange. They span diverse sectors such as financial services, real estate, and energy. CMC Connect's clients can now access these UAE stocks as derivative products, as well as enrich their trading portfolios.

Richard Elston, the Group Head of Institutional at CMC Connect commented: “We are very pleased to announce the addition of over 70 UAE stocks to our trading platform, as part of our ongoing commitment to offering our clients access to the world’s most active and exciting markets. The UAE is a dynamic and rapidly growing market, and we are excited to be offering our clients the opportunity to invest in a range of local opportunities.”

Comprehensive Offering Design and Implementation

In recent years, there has been a growing demand for the inclusion of more assets from CMC Connect's clients in specific regions, including fund managers, hedge funds, and commodity trading advisors. These clients are increasingly eager to actively trade local stocks, which drives the company's decision to expand its offerings.

This latest move marks another stride into the CFDs market by a UK-based liquidity provider. It represents a development for this asset class. CFDs offer investors low-cost diversification and arbitrage options, making them an option for traders seeking exposure to various markets.

David Fineberg, the Deputy CEO at CMC Markets, added: “As a leading provider of online trading and investment services, we are committed to providing our clients with the best possible trading experience.”

“We are confident that the addition of these stocks to our platform will generate significant interest among our clients, and we look forward to engaging with them as we continue to expand our range of products and services and our physical presence in the region.”