Stock indices are on the roadmap

Why traders use indices

A stock index tracks a basket of shares, so trading one gives broad exposure to a whole market's direction without picking individual companies. That diversification removes single-stock event risk from the position.

Indices tend to trend over longer horizons than currency pairs and react strongly to central-bank policy, earnings seasons and macroeconomic surprises. Many of the same releases covered in our market analysis guide.

Until indices are listed, traders looking for risk-sentiment exposure on NOVEDOX most often use AUD/JPY and EUR/JPY, which historically correlate with global equity risk appetite.