Dublin-based online trading company Delta Index is expanding into Germany with the launch of a new Contracts for Difference product for German private clients.
The move is part of a wider European expansion that will see Delta Index create over 100 new jobs at its Dublin headquarters over the next three years.
CFDs are widely accepted as legitimate financial products in Germany, and the country now boasts an estimated 40,000 active CFD traders compared to fewer than 4,000 in Ireland. This figure is projected to reach 250,000 over the next three to five years as the market matures.
The company said it also plans to expand into Spain and Italy later this year.
