Wintermute Asia Pte Ltd (Wintermute), the digital asset derivatives trading arm of global algorithmic trading firm Wintermute Group, has made major updates to its CFD offering, including making it available for trading on its electronic OTC trading platform, Wintermute NODE.

The updates also include the introduction of GMCI index trading as an instrument for contracts for differences (CFDs), marking Wintermute as the first OTC desk to provide this capability. Additionally, CFD trading is now accessible directly through NODE, alongside Wintermute’s industry-standard FIX API or chat.

In addition, the introduction of a revamped NODE user interface enables the use of virtually any fiat or crypto asset as collateral for margin in derivatives trading via NODE.

Wintermute’s crypto CFD trading volume has surged 19-fold from March to August this year, reflecting significant growth since the product's introduction in February. With just a few clicks, Wintermute counterparties can now easily access CFD OTC trading and use a wide range of assets, including cryptocurrencies, fiat, and even Liquid Staking Tokens, to collateralize margin for derivatives trading directly on NODE.

Rounding off the offering, Wintermute now allows trading of GMCI indices as an instrument for CFDs, providing counterparties with a simplified, yet diversified way to gain market exposure to digital assets. Index trading allows investors to capture broad market trends by focusing on entire sectors, providing a diversified portfolio while reducing the risks associated with the volatility of individual assets.

According to a press statement, using indices as the basis for CFDs enables traders to gain leveraged exposure to the market, and quickly access and react to market movements, without owning the underlying assets. The first GMCI indices available for trading include GMCI 30, GMCI MEME, GMCI AI, GMCI L1, and GMCI L2, with more indices available for pricing on demand.