Deriv launches Multi Step Indices
Gear up for strategic flexibility and lower volatility with the launch of Multi Step Indices! Find out more about this asset and what makes it unique.
By the Deriv desk · 27 June 2024 · 3 min read
The world of Synthetic Indices trading just got more interesting — we’re launching new Multi Step Indices on Deriv MT5 and Deriv cTrader!
Designed as an evolution of our Step Indices, the new Multi Step Indices expand your strategic options in the synthetic markets. These innovative offerings provide varying step sizes, simulate market movements with greater complexity and give traders more choice over volatility.
Let’s delve into the details of these dynamic new instruments.
What are Multi Step Indices?
Multi Step Indices build upon the concept of Step Indices, which move in fixed increments. Multi Step Indices, however, simulate market movements with varying step sizes.
While predominantly moving in 0.1 increments, they also include less frequent movements of other sizes, introducing a more dynamic element to trading.
Like all Synthetic Indices, they operate independently of real-world financial markets.
Three new indices, three new opportunities
Three new Multi Step Indices are available, each offering symmetrical probabilities for various step sizes up and down:
Lower volatility for strategic trading
It’s important to highlight that Multi Step Indices generally exhibit lower volatility compared to other Synthetic Indices on Deriv, some of which can reach levels as high as 250%. This is illustrated in the volatility comparison plot below.
Trade Multi Step Indices today
Whether you’re aiming to diversify your portfolio or explore new trading strategies, these indices offer the flexibility to achieve your goals. Get your free practise trading account today and explore Multi Step Indices CFDs on Deriv MT5 and cTrader.