Retail FX and Prime Services broker Invast Global has announced the launch of a new Index contract for difference (CFD) product utilising market data derived from the trading of the highly popular VIX futures contract offered by Cboe Futures Exchange (“CFE”).

The VIX futures contract is the most frequently traded, exchange-listed volatility futures contract in the world. VIX futures provide market participants with opportunities to trade their view of the future direction of the expected volatility of the S&P 500 Index.

Invast’s new VIX futures CFD is designed to provide clients with valuable opportunities to gain exposure to the expected volatility of the S&P 500 Index or incorporate as part of a broader portfolio hedging strategy. The new CFD product will be made available for trading via API from Invast trading servers as part of a broader Index offering encompassing both data and execution.

Volatility trading has gained a lot of popularity in 2020 among both institutional and retail traders, as markets have experienced record levels of volatility throughout the year in the wake of the Covid-19 global pandemic.

James Alexander, Chief Commercial Officer at Invast Global, said:

“Invast Global has for a long time been a strong proponent of multi-asset solutions for brokers and continues to focus on innovation with the release of a new VIX futures CFD. By continuing to work with client-focused partners like Cboe, we are excited about the product suite that we have been able to deliver across FX, Index Products and Global Equities.”

Stephen Dorrian, Director of Market Data at Cboe Europe, said:

“Invast Global is a valued customer of Cboe, leveraging our premium market data to create and innovate new products, and enhance their customer offerings. We are pleased to support Invast’s creation of a new volatility-based CFD and meet growing broker demand for tradeable products that provide exposure to the Cboe Volatility (VIX) Index.”

Invast Global is a leading provider of bespoke Prime Brokerage services globally. With offices in Tokyo, Sydney and Hong Kong, Invast Global provides a comprehensive multi-asset service to brokers, asset managers, hedge funds and regional banks. The firm provides high quality, customisable access to Tier 1 execution, clearing and custody services across 30 + global exchanges in equities, ETFs, futures, foreign exchange, commodities and precious metals.