Simon Campbell, Group Head of Trading at CMC Markets, commented:
There has been much speculation around how different industries will be impacted by the coronavirus pandemic and certainly it will take time to see, however there are some clear obvious innovators. Traders are often the first to identify new opportunities in emerging industries and CMC have seen a large uplift in the volumes for Peloton, Citrix and Zoom Video in recent weeks. As an organisation we pride ourselves on our ability to respond to client demand and as such are excited to be able to allow our clients access to these trending stocks in one trade.
The Remote Lifestyle basket has shares in such companies as Amazon, eBay, Dominos Pizza Inc and Peloton Interactive. The Collaborative Technology basket shares range from DocuSign, Slack and Zoom to Microsoft and Apple. Each constituent is given a tiered weighting and in order to maintain configurations efficiently, CMC Markets is working with business information provider IHS Markit.
Earlier this year CMC Markets launched a range of 17 share baskets, giving clients the opportunity to gain diversified exposure to an industry with a single trade.
- CMC markets reports 93% growth in operating income
- CMC Markets’ professional Prime Derivatives platform launches in Australia
- CMC Markets integrates its Direct API with Celer Technologies’ trading platform
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