- Infinox named market maker for S & P 500 micro futures by B3 bourse
- London-based Infinox, the first UK company to make currency futures trading possible in South America, now offers Brazilian investors affordable access to the benchmark S&P 500 index of U.S. stocks
- The B3-or Brasil Bolsa Balcão-is the third largest outlet exchange in the world, with a market capitalization of 715 billion dollars
UK-based CFD provider Infinox has continued its pioneering rollout of forex futures trading in South America by offering Brazilian investors access to S&P 500 micro futures.
The global trading platform was selected by the Brazilian Stock Exchange Bolsa Balcão-linked under the name B3-as the market maker for the very popular equity futures, which allows investors affordable exposure to the S&P 500 index.
The appointment means Brazilian investors in the B3-the world’s third-largest derivatives exchange by volume in 2019 – can now trade Micro futures that track the S&P 500 index of large-cap U.S. companies in their domestic market, and without the need 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, has transformed the trading landscape into offering sophisticated retail investors an affordable and highly leveraged exposure to one of the world’s best-known stock indexes.
The growing popularity of S & P 500 micro futures saw total volume traded in the last three months BN 5.61 bn, a 230% increase over the previous quarter.
The selection of Infinox as a market maker by São Paulo-based B3-Brazil’s second oldest stock exchange, with a market capitalization of bucks 715 billion – unlocks S&P 500 micro futures for a market that is already showing strong investor demand.
Robert Berkeley, CEO of Infinox, said:
“The scale and potential of Brazil’s untapped market is truly passionate. Brazilian investors are already turning down more than bucks 70 billion a day on just two futures products, so the arrival of S & P 500 micro futures is a game of chance.
“More this year, Infinox has made the strategic decision to use our liquidity levels to diversify into market creation for successful exchanges and exchanges like the B3. We led the way by allowing Brazilian investors to trade forex Futures, and we are now proud to offer them access to the S&P 500, one of the best-known and most negative Bourrier indices in the world.
“We have more than one experience discovery in our domestic market and are now present in 15 countries. We pride ourselves on providing competitive trading conditions and high-end customer service, and look forward to unlocking U.S. equity futures trading to a new wave of ambitious Brazilian investors.”
INFINOX Capital Ltd is a global online trading platform based in the city of London. Licensed and regulated by the Financial Conduct Authority, it allows clients in the UK, EU and beyond to trade a full range of asset classes, from forex to equities and commodities.
Its business is built on integrity and trust, and it provides customers with access to a range of market intelligence tools as well as dynamic products, competitive trading metrics, and superior personalized customer service.Tags: companies, INFINOX, Stock Exchange