LIMASSOL, Cyprus--(BUSINESS WIRE)--Libertex as of March 2nd is launching CFDs (contracts for difference) for shares of Snap Inc. (SNAP), the parent company of messaging application Snapchat, that raised $3.4 billion within the initial public offering at NYSE and began trading on March 2nd, 2017.
Libertex Head of Products Eduardo Remedios, commenting upon the Snap launch, mentioned: "The Snap IPO has become the biggest one in recent years. Snap has been valued at almost $24 billion. This makes it the largest U.S. IPO in the Tech sphere since Facebook. We’ve added this instrument to satisfy the demand of Libertex traders for high-class assets and to help them make their trading experience a rewarding one.”
Libertex Business Development Manager Andew Nikolaev added: “Snap Inc. shares have been priced at $17 per share that is above the initial price range. This reflects the high investors’ demand. We’re glad to offer Libertex clients the contracts for this financial instrument that will let them enhance their trading portfolio”.
Contracts for Snap Inc. shares have a great potential for trading as traditionally right after the IPO all the shares are very volatile. Most traders try to take advantage of this period.
Snap Inc. contracts will also help investors to diversify risks and enhance the variety of trading strategies.
Libertex is an international brand with a twenty years history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU.