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Key Insights Dukascopy has expanded its CFD offerings to include Italian stocks and the Italy 40 index. Clients can now trade CFDs on major Italian companies like Enel, Ferrari, Generali, and large banks. The Italy 40 index provides exposure to the top 40 Italian stocks, but traders need to factor in the Italian Financial Transaction Tax. GENEVA (MarketsXplora) - Swiss forex broker Dukascopy announced on Wednesday it has significantly expanded its contract-for-difference (CFD) product range to include Italian equities and the Italy 40 index, allowing clients to trade some of Europe's biggest companies. The move provides Dukascopy customers access to trade CFDs on major Italian firms listed on the Borsa Italiana exchange such as utility Enel (ENEI.MI), carmaker Ferrari (RACE.MI), insurer Generali (GASI.MI) and lenders Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI). Dukascopy said the addition of the Italy 40 index, which tracks the performance of the top 40 Italian stocks, offers traders exposure to the Italian equity market, one of Europe's largest economies spanning sectors from banking to fashion and autos. "Italian equities have long been a cornerstone of the European financial landscape, representing some of the continent's most prominent companies across various sectors," the Swiss brokerage said in a statement. However, Dukascopy also flagged the Italian Financial Transaction Tax (IFTT) applies to derivatives based on Italian shares and indices, which traders should factor into their strategies. The IFTT tax is levied on the trade value at rates of 0.1% for equity CFDs and 0.01% for equity index CFDs executed on Italian underlyings. Brokers have been steadily expanding their CFD offerings in recent years to meet rising client demand to trade derivatives based on equities, indices, commodities and cryptocurrencies, among other assets. The CFD market grew to over $5 trillion in daily trading volume last year, according to Boston Consulting Group estimates. Dukascopy's latest product additions allow its clients to gain further exposure to European blue-chip companies spanning a major regional economy.

Swiss Broker Dukascopy Expands CFD Offerings with Italian Stocks, Italy 40 Index

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