Forex broker Admiral Markets announced today the addition of a new instrument, Snap Inc. (Snapchat) single share CFD (#SNAP).
Newly listed, prominent companies will always have lots of attention and lots of trading volume. Admiral Markets plans to offer many more single share CFDs this year, saying. “we believe that the demand for single shares and new Initial Public Offerings (IPOs) is much higher than for Forex.”
Jens Chrzanowski, Director at Admiral Markets UK, Berlin Branch said:
It is always the same. The quotes of a new listed instrument will bring big movements – ups and downs. By investing into shares directly, only upgoing quotes will bring you profit. Leveraged CFD trading of #SNAP allows you to make a choice: long or short; you are able to make money if prices are falling, also.
Founded in 2011, Snapchat is a popular messaging platform and social network, designed exclusively for mobile users. Today, with an estimated near 7 billion video views per day, it has rapidly accelerated to become a true heavyweight in the social media space.
For more information visit Admiral Markets official website.