XM Launches 4 New CFDs Powered by BITA Indexes
[Frankfurt, August 28, 2024] — BITA, a leading provider of index and data solutions, is proud to announce the expansion of its collaboration with XM, a prominent online CFD trading platform. This partnership has resulted in the launch of four new CFDs, further enhancing XM's diverse product range.
Building on the success of their previous collaboration, which saw the introduction of six thematic CFDs in March 2024, XM and BITA continue to deliver innovative financial products that cater to the evolving needs of traders and investors.
The four new thematic indexes, set to go live by the end of August 2024, are:
- BITA US Democrats in Power Index - XM HarrisWinners
- BITA Trumpnomics Index - XM TrumpWinners
- BITA LatAm Giants Index - XM LATAM_INDX
- BITA Small Cap Crypto Select Index - XM Altcoins_INDX
All offer targeted exposure to key market trends and provide traders with opportunities to trade volatility based on various market scenarios.
The BITA Trumpnomics Index aims to capture the gross total return performance of a basket composed of the largest publicly listed US companies that are expected to be positively impacted by the economic agenda, principles and policies of Donald Trump as a holder of the US presidency for a second term.
The BITA US Democrats in Power Index aims to capture the gross total return performance of a basket composed of the largest publicly listed US companies that are expected to be positively impacted by the scenario of the Democratic Party holding significant influence in the US government.
The BITA LatAm Giants Index captures the market performance of the 30 largest Latin-American companies according to their market capitalization rank, that are listed and available for trading at US-based leading exchanges. This index provides exposure to companies with significant business operations in the Latin American region.
The BITA Small Cap Crypto Select Index offers a unique opportunity to explore the dynamic world of small-cap emerging cryptocurrencies. This index includes a selection of altcoins with particular exposure to high-growth sectors such as AI, gaming, and memes. It is tradable 24/7, allowing investors to capitalize on the round-the-clock nature of the cryptocurrency market.
By leveraging BITA's expertise in index calculation and design, XM continues to expand its product suite, offering traders more opportunities to diversify their portfolios and capitalize on emerging market themes.
A representative from XM commented: "Our ongoing partnership with BITA allows us to consistently bring innovative and relevant trading products to our clients. These four new thematic CFDs provide our traders with precise exposure to key market trends and regional dynamics, further enhancing their ability to navigate the complex global financial landscape. With these new offerings, traders can now obtain exposure and trade volatility based on their expected outcomes for US elections, explore emerging cryptocurrencies in high-growth sectors, and gain exposure to leading Latin American companies."
Victor Gomez, CEO of BITA, added: "Our ongoing collaboration with XM continues to drive the creation of cutting-edge financial products. Our capability to rapidly design and calculate bespoke indexes allows XM to remain a leader in the CFD market, delivering unique and timely investment opportunities to their clients."
The launch of these new thematic CFDs underscores both companies' dedication to financial innovation and their responsiveness to evolving market demands.
For more information on the new CFDs, visit XM's platform [https://www.xm.com/thematic-indices] or explore BITA’s extensive index solutions at [www.bita.io].
About XM
XM is an internationally established trading and investment firm, serving over 10 million clients from more than 190 countries. Licensed across multiple jurisdictions, XM offers competitive services for retail traders, investors, and affiliates. Since 2009, XM has built a reputation for fairness, trustworthiness, and dependability. Traders can access over 1,000 instruments on more than 10 platforms, including the XM app. The award-winning broker is renowned for its low-cost accounts, exciting promotions, excellent support, and outstanding live education.
About BITA
BITA is a leading technology-enabled Fintech, specializing in providing investment customization infrastructure and indexing solutions to financial institutions across various market segments and applications. From traditional passive investing to direct indexing, BITA's infrastructure is designed to support investment customization at scale. BITACore, the company's cloud-based index development and investment customization platform, is available in both web-based and API versions, supporting a wide range of applications from traditional institutional indexing to direct indexing.
