Spotware Systems has just announced that they have introduced their first CFD liquidity provider, American giant GAIN Capital (NYSE: GCAP), to provide CFDs to users of its flagship trading platform, cTrader. Brokers using cTrader will now be able to offer their customers prices on sixteen cash index CFDs, and the platform provider says there are already plans to expand the range to Equity and Futures CFDs.
This development is a major step for cTrader to become a true alternative standard platform as many brokers rely on CFDs to attract clients, especially popular stocks during IPO events and specific commodities in different regions, such as gold in Asia or oil in the Middle East. Until now, client brokers of Spotware Systems could offer only forex trading, but gold, oil and stock CFDs could soon follow as GAIN Capital offers them to its own retail clients on MT4.
Andrey Pavlov, CEO of Spotware Systems said: “We are continually looking to expand our range of markets, and are excited that through our liquidity partnership with GAIN Capital, our partners can offer their customers a much wider choice of markets. We will be working closely with the GAIN team to further evolve our CFD product offering over the next 3 months.”
Muhammad Rasoul, CEO, EMEA of GAIN Capital commented: “CFDs are an important and growing product offering for many banks and brokers, and uniting cTrader’s innovative platform with our multi-asset liquidity will be a powerful combination for Spotware customers. cTrader platform providers can now benefit from access to a full range of leveraged markets, real-time position keeping and reporting and keeping their collateral with a single provider.”
He also added, that GAIN Capital has set up a dedicated email address for inquiries on the matter: firstname.lastname@example.org