Exchange Traded CFDs in Australia
The majority of CFDs are traded OTC using the direct market access (DMA) or market maker model, but in 2007 the Australian Securities Exchange (ASX) introduced exchange traded CFDs. As a result a small percentage of CFDs are now traded through the Australian exchange.
The advantages and disadvantages of having an exchange traded CFD are similar for most financial products and mean reducing counterparty risk and increasing transparency but costs are higher.
Read more about this topic: Contract For Difference
Famous quotes containing the words exchange, traded and/or australia:
“I can exchange opinion with any neighbouring mind,
I have as healthy flesh and blood as any rhymer’s had,
But O! my Heart could bear no more when the upland caught the wind;
I ran, I ran, from my love’s side because my Heart went mad.”
—William Butler Yeats (1865–1939)
“I traded my childhood for my good left hand.”
—Yeou-Cheng Ma (b. c. 1950)
“I like Australia less and less. The hateful newness, the democratic conceit, every man a little pope of perfection.”
—D.H. (David Herbert)