Trade.xyz said on Aug. 27 that it has launched a perpetual market tied to the State Street SPDR S&P Biotech ETF, known by its ticker XBI. The product offers up to 10x leverage and is available for trading around the clock, seven days a week, throughout the year.
According to the announcement, XBI in this market represents one share of the State Street SPDR S&P Biotech ETF and is denominated in U.S. dollars. The underlying ETF is listed on NYSE Arca and tracks the S&P Biotechnology Select Industry Index.
The index uses a modified equal-weighting methodology and covers biotechnology companies in the U.S. market. The listing adds a biotech equity-linked perpetual product to Trade.xyz’s offering, with continuous access outside standard stock market trading hours.
Trade.xyz said on Aug. 27 that a perpetual market tied to the State Street SPDR S&P Biotech ETF (XBI) is now live, with up to 10x leverage and 24/7, year-round trading.
In the market, XBI represents one share of the State Street SPDR S&P Biotech ETF and is denominated in U.S. dollars.
The ETF is listed on NYSE Arca and tracks the S&P Biotechnology Select Industry Index. That index uses a modified equal-weighting methodology and covers biotechnology companies in the U.S. market.
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