Poland based online broker XTB SA (WSE:XTB) has announced that it has introduced a new product. XTB said that investors on its app have gained the ability to purchase call and put options on the shares of the world’s most popular companies.
Cyprus is the first market where the new instrument was launched, via the group’s CySEC CIF licensed entity XTB Ltd. However the company plans to expand its stock options product to other markets.
In the first stage, XTB will be offering vanilla options on shares of the 100 most popular companies listed in the United States. However in the near future, the offer is planned to be expanded to include vanilla options on shares of the most popular European companies.
Currently, XTB options are American-style and settled entirely in cash. This means that investors using the rights from their options do not have to purchase the underlying assets.
XTB said that it continues to develop its investment app, particularly in the context of providing investors with additional tools for more advanced investment strategies. Call and put options are a significant step in creating the universal investment app, giving clients new ways to put their money to work.
Filip Kaczmarzyk, Head of Trading and XTB Board Member said,
“We have been experiencing strong growth in recent years, setting records in both new and active clients. To maintain this pace, we continue to develop our offering, because our goal remains unchanged – to become a universal investment app, for people looking for how to put their money to work effectively. Adding options to our offering is a natural next step. Starting in Cyprus allows us to test the solution, make improvements, and prepare for expansion to other markets, subject to regulatory approval.
“We recognize that in many markets options are seen as a complex instrument. At the same time, more experienced investors are increasingly looking for tools that support broader investment strategies, including risk management. Options have been popular in the United States for years, and this trend is now spreading to Europe. As a result, introducing options is a clear benefit for both our clients and XTB from a business perspective.”
