XM launches six new thematic CFDs powered by BITA indexes.
[Frankfurt, 27th March 2024] — BITA, a premier provider of index and data solutions, is excited to announce its pivotal role in powering six new thematic CFDs launched by XM, a leader in online CFD trading.
Leveraging BITA’s unique ability to calculate indexes in low latency, the new product range highlights XM's commitment to innovation within the trading landscape. As global markets evolve and new technologies emerge, traders and investors increasingly seek targeted, thematic opportunities that align with future trends and sectors poised for growth.
Designed to offer investors precise exposure to innovation-driven products and services, these new CFDs span a broad spectrum of themes, including Artificial Intelligence, Chinese Online businesses, Electric Vehicles, Blockchain, Cryptocurrencies, and “FAANG” club members.
Here is a brief overview of the six thematic indexes:
BITA Artificial Intelligence US Giants Index: Offers exposure to top US companies within the AI ecosystem, including microprocessors and autonomous AI development.
BITA China Internet Giants Index: Captures the performance of the 30 largest Chinese companies with significant revenue from the internet market.
BITA Electric Vehicles UST Index: Tracks US-listed companies deriving at least 50% of their revenue from electric vehicle production or related parts and supplies.
BITA NFT and Blockchain Giants Index: Provides exposure to the burgeoning sectors of NFTs, Blockchain, and Cryptocurrency through US and Canadian listed companies.
BITA Crypto 10 Index: Provides real-time tracking of the ten leading cryptocurrencies against the US dollar, focusing on price return performance from established digital asset exchanges.
BITA FAANG 10 Equally Weighted Index: Features the top 10 traded companies on the Nasdaq, equally weighted to capture the essence of technological advancement and growth.
The launch of these thematic CFDs is a testament to XM's commitment to staying at the forefront of financial services innovation, offering clients sophisticated, timely, and diverse investment options.
About XM
XM is an internationally established trading and investment firm, with over 10 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.
Since 2009, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,000 instruments on more than 10 platforms, including the XM app. The award-winning broker is known for low-cost accounts, exciting promotions, excellent support, and outstanding live education.
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment customization infrastructure and indexing solutions to financial institutions across a variety of market segments and applications. From traditional passive investing to direct indexing, BITA’s infrastructure has been designed to support investment customization at scale.
BITACore is BITA’s cloud-based index development and investment customization platform. BITACore is available both in a web-based version as well as APIs, and can support a variety of applications, from traditional institutional indexing to direct indexing.