Professional investors around the world expect stronger growth from the S&P 500 over the year ahead compared with the FTSE-100, new research* from blockchain-based derivatives trading platform CloseCross shows.
The research by CloseCross, which is regulated under MIFID II rules, among professional investors around the world responsible for around $380 billion in assets under management found 70.3% expect the S&P 500 to be higher in a year with 15.8% forecasting it will be significantly higher.
The study with professional investors including hedge funds, wealth managers, institutional investors, fund managers and IFAs found strong support for the FTSE-100’s performance but only 57.4% believe it will rise over the next year.
Around 16% - the same number for the S&P 500 – expect the FTSE-100 to be significantly higher next year, the study found.
CloseCross, which enables traders to generate profits through a simplified three clicks process of selecting an asset, predicting price-bracket(s), and committing funds to these predictions, for a variety of asset classes including indexes, stocks, crypto, forex pairings, and commodities, believes traders will benefit from access to real time data from other traders.
The research with professional investors found not all of them are positive about the future for the two major indices – around 9% expect the S&P 500 to fall over the next 12 months while 14% are expecting a correction for the FTSE-100.
CloseCross CEO, Vaibhav Kadikar, said: “There is strong support from professional investors for growth in the S&P 500 and the FTSE-100 with the S&P the favourite for the year ahead.
“That won’t necessarily mean that the indices rise every month or week and that offers opportunities for traders. CloseCross enables traders to generate returns based on their asset price predictions in any direction, including predicting stability of prices.”
CloseCross is regulated under MIFID II rules offering increased protection and transparency for customers. Unlike other trading platforms, there are no participation fees for using CloseCross, and its patented multiparty model ensures that leverage is not needed to achieve potentially outsized returns. Money placed on incorrect predictions is lost, but you never lose more than what you put in as there is no leverage needed or possible on the platform. Users pay facilitation fees, only on their winning trades, giving them significant savings when compared to traditional trading platforms.
The platform also provides real-time data on the predictions of other traders enabling investors to make a more informed forecast based on increased transparency. People can choose to follow the crowd or go on their own views.
Investors can try a demo and subject to appropriateness assessment process, investors can sign-up at www.closecross.com, and trade by selecting an asset class and making a forecast over a time frame of a few hours or over months.
CloseCross (Malta) Ltd is licensed in terms of the Investment Services Act (Cap 370) as a Category 2 and is regulated by the Malta Financial Services Authority (Licence number IS/92480). The Company’s registration number is C92480. The platform will operate under the MFSA FinTech Regulatory Sandbox for a period of 12 months starting from February 2021. Close Cross (Malta) Ltd has passported in Europe under MiFID II in Financial Instruments Directive to France, Germany. Italy, The Netherlands and Spain.
© Press Release 2021