Dukascopy Onboards 405 New Stock CFDs to Meet Customer’s Requests

Dukascopy Bank SA, a Geneva-based retail forex and contract for difference (CFD) brokerage firm, has added 405 new stock CFDs to its portfolio.

These stock CFDs cover companies such as motorcycle manufacturer Harley Davidson, digital streaming firm Spotify, computer manufacturer Dell, and footwear marker Puma.

Dukascopy announced the development in an update published on Monday.

The brokerage firm noted that the stock CFDs were based on a selection of American, British, French, Swiss and Spanish companies, among others.

The company further said it “continuously expands its list of trading instruments to meet customer's requests.”

With the new additions, the total number of stock CFDs and exchange-traded funds (ETFs) on Dukascopys trading platform now stands at 1,046, the brokerage firm said.

“New instruments have been added on LIVE environment for Dukascopy Bank and Dukascopy Europe JForex self trading accounts,” Dukascopy said in a statement.

Expanding Dukascopy

Last week, Dukascopy reported a 195% year-over-year increase in its net profit for the first half of 2022.

The Swiss broker also saw a 27% YoY increase in its revenue between January and June of this year.

The revenue came in at CHF 14.4 million ($15.1 million).

In May, Dukascopy upgraded its digital asset services with the launch of a marketplace for peer-to-peer (P2P) cryptocurrency exchange.

According to the company, the platform provides a price bulletin board that contains the listing, buying and selling prices of desired cryptocurrencies.

Dukascopy noted that although the P2P platform launched with support for 12 major crypto cryptocurrency, it plans to expand the list overtime.

“The role of the Bank in the process of a P2P exchange between two clients is to ensure the security of the fiat settlement,” Dukascopy said.

Earlier in May, Dukascopy got permission from the Swiss Financial Market Supervisory Authority to provide its customers with a platform to exchange cryptocurrencies.

The authorization also empowers the financial services firm to provide digital asset fiduciary deposits to its customers.

This means that Dukascopy can take investment and custody of cryptos on behalf of its clients.