ASX CFDs & AXE MIA July 17, 2007
Posted by James Webster in : finance , trackbackThe latest ASX Traders Update newsletter (subscribe here) describes some brief details of their soon-to-be-launched exchange-traded CFDs.
The initial standardised contracts will cover:
- The top 50 stocks listed on ASX
- Key global equity indices
- A range of major foreign currency exchange rates
- Selected commodities (source: ASX website)
The market-maker model will continue to offer Australian CFDs traders a broader array of underlying instruments in which to trade at the expense of less price transparency and potentially liquidity.
Meanwhile AXE ECN has not updated its website in a while, I wonder how they are progressing towards starting operations in mid-2007? It appears that their exchange system will be provided by Trayport, which the NZX has also adopted.
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