Darwinex Expands its Product Suite with Innovative Micro-Indices for Key Stock Indices

In a landmark move aimed at providing a broader spectrum of trading opportunities for its clients, Darwinex, a global trading platform, announced the introduction of micro-indices for three of the world's most significant stock indices: the Nikkei 225, S&P 500, and Dow Jones 30. This initiative represents a significant shift in how traders can interact with these highly sought-after markets, allowing them to do so in a way that is both flexible and accessible.

Starting from July 17, 2023, Darwinex users will have the ability to trade micro sizes for these prominent indices, adding a level of granularity to their trading strategies that were previously unavailable. By offering the option to trade at one-tenth (1/10) of the current minimum order size, Darwinex is placing power into the hands of its clients, offering them unprecedented access and flexibility in their approach to these markets.

In terms of specifics, the Dow Jones 30 will continue to be traded under its existing symbol, WS30. However, the Nikkei 225 and the Standard & Poors 500 will undergo a symbolic transition, with the introduction of two new symbols: NI225 and SP500. These will replace the old symbols J225 and SPX500, respectively, while maintaining the same notional value.

These new symbols have been designed to facilitate this innovative micro-trading concept, enabling trading at a tenth of the minimum order size, where previously 0.1 contracts were required for S&P 500, and 1 contract for Nikkei 225.

Darwinex has provided a detailed breakdown of this shift in symbol parameters:

This development is expected to be warmly welcomed by clients using Expert Advisors (EAs), a type of software used to automate trading strategies. To support a smooth transition, Darwinex recommends reviewing the symbol parameters before migrating to these new symbols. It's worth noting that these new symbols will be available alongside their predecessors for a brief transitional period of two weeks, until July 31st, 2023. You may access the link of Expert Advisors (EAs): https://vps.wikifx.com/en/eashop.html

Beyond this two-week period, no new positions can be opened under the old symbols. Closure of existing positions will be allowed for a further four weeks, until August 28th, 2023. After this transition period, the old symbols (SPX500 and J225) will cease to exist, and any remaining positions under these symbols will be closed.

By rolling out these micro-indices, Darwinex demonstrates a continued commitment to its user base, innovating and adapting its offerings to meet the changing needs of traders. The launch of these micro-indices is not just a testament to the platform's adaptability and growth, but also a signal of a broader trend in the financial industry, with more platforms seeking to make financial markets increasingly accessible to a wider audience. It's an exciting time for Darwinex users, and for the financial trading community as a whole, as we witness the ongoing evolution of financial markets and trading platforms.

Darwinex is a UK-based online brokerage that works under the Financial Conduct Authority (FCA), the UK's financial regulatory agency. The firm, founded in 2012, provides a unique combination of brokerage and asset management services, enabling traders to not only trade FX, commodities, and indices but also invest in other successful traders (dubbed “Darwins”).

Darwinex operates in compliance with the stringent guidelines and regulatory framework of the FCA, providing clients with a secure and reliable platform to trade or invest. This compliance includes maintaining adequate capital, segregating client funds from company funds, operating with transparency, and maintaining the highest standards of financial competency and professional integrity.

Furthermore, Darwinex clients from the UK and other European countries are protected by the Financial Services Compensation Scheme (FSCS) in the UK, which can cover up to £85,000 per person if the company fails.

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