Starting December 5, 2017, TeleTrade is providing its clients with an opportunity to buy CFDs on ETF (Exchange Traded Funds) from Standard & Poor's Financial Services LLC, with leverage levels of up to 1:20.
The following ETFs are available for TeleTrade's clients:
|SPY||SPDR S&P 500 ETF|
|XOP||SPDR S&P Oil & Gas Explor & Prodtn ETF|
|XLU||Utilities Select Sector SPDR ETF|
|XLK||Technology Select Sector SPDR ETF|
|XLI||Industrial Select Sector SPDR ETF|
|XLP||Consumer Staples Select Sector SPDR ETF|
|XLB||Materials Select Sector SPDR ETF|
|XHB||SPDR S&P Homebuilders ETF|
|XES||SPDR S&P Oil & Gas Equipment&Svcs ETF|
Please note that for CFDs on ETFs only long positions (BUY transactions) are allowed.
SPDR ETFs are traded in the US, Europe and Asia-Pacific region. SPDR stands for Standard & Poor's Depositary Receipts. For a long time, SPDR was the world's largest ETF (until 2012) and initially was designed to track the S&P 500 stock market index. SPDR S&P 500 is traded on the New York Stock Exchange.