Quote:

The Australian Securities Exchange (ASX) will launch the world’s first exchange-traded Contracts for Difference (CFDs) in September 2007.

[...]
ASX CFDs will be listed on the market operated by the Sydney Futures Exchange (SFE). They will initially include the top 50 stocks listed on ASX, key global equity indices, a range of major foreign currency exchange rates, and selected commodities.

Quelle:Exchange-Handbook.co.uk



Price Transparency
All prices and market depth are fully transparent in the ASX CFD order book.  This reflects ASX’s statutory obligation to conduct fair, orderly and transparent markets.  OTC markets do not have this obligation.
Importantly, while prices and market depth are transparent, your identity remains anonymous.  This minimises market impact costs (especially those related to others identifying an individual’s trading patterns and trading ahead of him/her).

Exchange Independence
ASX, as issuer of the CFDs, does not take a position in the trade. The ASX is, therefore, never in conflict with the client
ASX ensures all trades are executed on a strict price/time priority.  Price/time priority means the first person to enter the best price is traded against first.  

Greater Investor Protection
CFD advisers will have completed an ASX CFD accreditation program.  This ensures they have achieved acceptable standards of knowledge of ASX CFDs.  We will shortly be posting a list of ASX Accredited Advisers.  
There is also no need to worry about the other party to your trade meeting their trade obligations or their financial robustness. Counterparty risk is transferred to the clearing house (SFE Clearing Corporation) and the performance of the trade is guaranteed by SFE Clearing Corporation.

All margin requirements are calculated by SPAN, recognised as the world’s leading margining methodology.
SFE Clearing Corporation’s clearing & settlement facilities are supervised by ASIC and monitored by the RBA.

CFD | ASX


SPAN: Standard Portfolio Analysis of Risk

SPAN is a risk-based, portfolio-approach, for calculating margin requirements on futures, options on futures, and other derivative and non-derivative instruments. Contracts are examined over a range of price and volatility changes to determine the potential gains and losses.

SPAN Margining Methodology





Last edited by J!F on 20.09.2007, 19:23; edited 1 time in total

  

So neu ist das nicht, Direct Market Access gibt es bei CFDs bereits eine Weile.

sniper wrote in this post:

So neu ist das nicht, Direct Market Access gibt es bei CFDs bereits eine Weile.

CFD DMA ist eine andere Baustelle. Das was da in Australien eingeführt wird ist eine Form von Designated Sponsoring. Die Kursstellung für die CFDs wird von unabhängigen Market Makern übernommen und als Kunde kannst du diese dann über jeden x-beliebigen Broker kaufen.