CFD growth continues
The market for contracts for difference (CFDs) is continuing to expand, according to new research released by Investment Trends.
The research found that the number of Australians trading CFDs had risen from 32,000 last year to 39,000, with the increase being driven by new traders entering the market and dormant traders resuming trading again.
The report found that the largest providers of CFD services were IG Markets and CMC Markets. IG Markets is the largest provider with respect to primary relationships with CFD traders holding 29 per cent of the market, while CMC leads in terms of total reach with 39 per cent of current traders holding an account with CMC.
AUTHOR
Mike Taylor
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
