Invast Global Expands with Lower FOREX
Multi-asset broker Invast Global expanded its product offerings 3ith index and CFDs last Friday. With foreign exchange declining for several brokers last November, the move comes off as an attempt to recover.
As multiple brokers diversify their product offerings, Invast Global stepped up for an advantage. Increasing demands for new products and asset classes encouraged the broker to add them in hopes of diversifying revenues.
The new releases include two New Cash Oil CFDs, Brent Crude Oil, and WTI Crude Oil exchanges. Six new Equity Index CFDs, US 2000, Netherlands 35, Japan 225, Swiss 20, Taiwan Index, and India 50, additionally.
Average spreads are consistent, with WTI Crude Oil (WTC/USD) at US$ 0.0106 and Brent Crude Oil (BRC/USD) at US$ 0.017.
Invast partnered with the largest options exchange in the US, Cboe, last October. It was the same time they launched a fully integrated API Solution for brokers.
The solution helped both firms execute Single Stock contracts for CFDs. It also provides live exchange pricing and long/ short execution capability through Direct Market Access to CFD markets.
Non-professional consumers get access to the US and pan-European exchange data with no monthly access fees. This disseminates the product to more cost-efficient ways than before the merger.
About Invast Global
Invast Global Marketing provides financial planning services and strategies to allow investors to buy, sell, and review their existing investments. The platform assists portfolio management with a selection of alternatives from 2,500 funds.
In addition to that, the broker also gives asset managers and hedge funds access to execution for a range of global markets. These include equities, ETFs, futures, and precious metals.
The alternative Prime Broker hired Rugby Australia coaching director Rod Kafer as a Director of Prime Services last September. He said he’s focusing on selling products into the broker’s hedge funds.
“It’s a great business and an even better team,” he said in his LinkedIn post. “[The company is] destined for great things, and I am looking forward to contributing.”
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