CFDs

Contracts for Difference

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Waiting for me in my inbox this morning was an email from OANDA informing me that:

The OANDA team is pleased to announce the launch of Contract for Difference (CFD) trading on the OANDA platform.

That was sufficient to persuade me to fire up fxTrade, which duly invited me to add some new symbols to my list. Having done so, this is what my quote window now looks like:

More on OANDA Europe Introduce CFDs

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Yesterday evening customers of UK spreadbet and forex/CFD broker Smart Live Markets received an email announcing that:

Smart Live Financial Services Ltd will be changing its name in the coming weeks to GKFX Financial Services Ltd.

According to the email:

More on Smart Live Markets Renamed GKFX

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In a press release yesterday Saxo Bank announced that their ForexTrading.com web site not only provides some forex trading education. It now also allows you to trade spot forex and CFDs:

Saxo Bank, the online trading and investment specialist, today announced the launch of ForexTrading.com which will offer retail investors a select range of FX crosses and CFDs with variable spreads – as low as 0.8 pips.

Those spreads are not only variable, they are also significantly smaller than the spreads available to Saxo's existing retail clients through the SaxoTrader and WebTrader platforms. Here's a quick comparison between two demo accounts, with the new ForexTrading.com first:

More on Saxo Bank Relaunch ForexTrading.com as a Retail Forex Broker

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According to Computer Weekly Microsoft will be launching MSN Trader for the benefit of retail traders here in the UK on Wednesday, pasting a white label version of Saxo Bank's WebTrader platform into MSN Money:

More on Microsoft Enters Retail Forex. Launches MSN Trader with Saxo Bank

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GKFX are proud of their dealing desk and their fixed spreads. In this guest post Paul Hare, their Director of Trading, explains why. (Note that GKFX are a UK based broker, and are therefore regulated by the Financial Conduct Authority (FCA for short, and formerly the Financial Services Authority). Some of the regulatory points Paul makes don't work in quite the same way in other jurisdictions.)

More on Dealing Desk or No Dealing Desk – That is the Question!

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First there was Betfair. Then came Tradefair. Today there is LMAX Trader, which has just been launched amid a flurry of publicity, it's mission "to transform retail contracts for difference (CFD) and FX trading". In the press release LMAX chief executive Robin Osmond is quoted as saying:

More on LMAX Trader Launched to "Transform Retail FX Trading"

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FXCM have made a couple of announcements recently about new developments they've introduced to make it easier for their customers to start automated trading.  First they announced their new Strategy Trader platform with quite a bit of razmatazz, then with rather less fanfare earlier this month they invited their clients to get involved in open beta testing of their new products via FXCM Labs. It's said that these things come in threes, and FXCM have just quietly revealed via the FXCM Labs forum that starting on Monday users of the venerable Trading Station platform will be able to program their own automated trading strategies too.

More on FXCM Add Automated Trading to Trading Station II

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Recently FXCM UK started allowing users of their proprietary Trading Station II platform to trade contracts for difference (CFDs) in a range of non forex instruments. Maybe they should change their name to CFDFXCM?  The now misleading name aside, this allowed UK customers of FXCM to start trading gold, silver, oil and a range of stock indices from around the world.

More on FXCM Introduce Spread Betting on Indices, Metals and Oil

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