XTB Launches Stock Options Trading
Poland-based online broker XTB SA (WSE:XTB) has introduced stock options trading on its investment app. Now, investors on the app can purchase call and put options on the shares of the world’s most popular companies.
Launch Details
XTB launched the product in Cyprus first through its CySEC CIF licensed entity, XTB Ltd. The company plans to expand to other markets. However, it is subject to regulatory approval.
Product Features
Investors can purchase call and put options on shares of the 100 most popular US-listed companies in the initial stage. Vanilla options on popular European companies will follow in the near future. Options are American-style and cash-settled. So, investors do not need to buy underlying assets when exercising rights.
Strategic Goals
XTB aims to build a universal investment app with tools for advanced strategies like risk management. Filip Kaczmarzyk, Head of Trading and Board Member, highlighted strong growth in new and active clients.
Executive Quote
Kaczmarzyk said that adding options to their offering is a natural next step. Starting in Cyprus lets them test the solution. Options have been popular in the United States for years, and this trend is now spreading to Europe.
About XTB
XTB is a global fintech company. It specializes in trading and investment products. It offers access to over 5,800 financial instruments, including CFDs on currency pairs, commodities, indices, cryptocurrencies, stocks, and ETFs. The company has expanded its presence to 13 countries, including the UK, Germany, France, and Chile. XTB aims to enhance the trading experience for its global clientele. The company is already working on obtaining regulatory approval in Brazil. The firm aims to continue growing in 2025 by securing more licenses and expanding its services.
Summing Up
XTB’s stock options launch is a step toward its universal investment app vision. Starting in Cyprus with US stocks sets the stage for broader European expansion. It equips experienced investors with vital tools for advanced strategies.
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