CME Group Futures Now Available on Robinhood
CME Group, the world’s largest derivatives market, and Robinhood Derivatives, LLC, have partnered to convey the favored futures of CME Group to the Robinhood app.
Within the coming weeks, all eligible customers of Robinhood will be capable to commerce futures throughout 5 main asset indices just like the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Common.
Customers also can entry crypto futures for bitcoin and ether, providing publicity to the digital asset market. Main international alternate foreign money pairs can even be accessible for buying and selling. Additionally, for commodity merchants, futures on gold, silver, copper, crude oil, and pure gasoline might be accessible.
Julie Winkler, Chief Industrial Officer at CME Group, defined that the demand for the long run is rising as extra self-directed traders search for various alternatives. Nonetheless, increasing entry to futures buying and selling will assist educate and empower these merchants, and CME Group appears to be like ahead to working with Robinhood to supply the required instruments and sources.
This partnership is an enormous step ahead for CME Group, making Roininhood the best choice for energetic merchants, stated JB Mackenzie, VP and GM of Futures and Worldwide. He additionally added that their new, easy-to-use cell buying and selling ladder is designed for fast and environment friendly buying and selling.
Mackenzie stated, “This reimagined expertise, coupled with among the lowest charges within the business, makes buying and selling futures at Robinhood a straightforward resolution.”
Furthermore, CME Group supplies academic sources for each new and skilled merchants, together with free on-line programs, webinars, tutorials, and knowledgeable insights by means of the CME Institute and Futures Fundamentals.
Robinhood provides academic content material to assist clients make knowledgeable choices. This useful resource contains future articles on the Robinhood Learna and YouTube movies. Final yr, the corporate additionally expanded its providers by including index choices, futures trading, and a brand new desktop platform named Robinhood Legend.
It additionally launched futures buying and selling for belongings just like the S&P 500, oil, and Bitcoin. Robinhood Legend, a web-based platform, provides superior charts and real-time information to draw energetic merchants.
Additionally Learn: Meme Coin $TRUMP Gains Momentum after Robinhood Listing
