Chi-X Europe launches new exchange for CFDs

first_img KCS-content EUROPE’S second-largest equities market, Chi-X Europe, has begun trading centrally cleared contracts-for-difference (CFDs) for institutional investors.The new service, which will operate as a joint initiative with European clearing house LCH.Clearnet, could serve to keep the exchange ahead of regulatory moves to make the over-the-counter derivatives market more transparent.It aims to standardise the market for CFDs, which are often traded privately between brokers, making transactions invisible to the wider market. European regulators hope to force CFDs through exchanges and clearing houses under new legislation planned for this year, which will bring in pan-European controls for over-the-counter derivatives from 2012.The CFDs market was thought to be worth £1 trillion last year in the UK, according to the latest estimates by US research Tabb Group. Chi-X post trade services manager Nathan Renyard said: “With any new market that we launch it’s always a soft launch and you have to bring in clients slowly. This is a world first, so there’s some sense of educating people and bringing clients on board.“CFDs are an important market and we’re providing a service which we know the market needs.” Show Comments ▼ Monday 10 January 2011 7:22 pm whatsapp Sharecenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Chi-X Europe launches new exchange for CFDs Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

Continue reading