"how do the CFDs manage their risk? they don't always cover their positions in the underlying market so their systems have to be spot on"
The systems to run a book on a betting exchange are well understood, AP.
You can either,
1) offset the positions of two punters, who take opposite views on the direction of the market, in which case the bookie will cream the spread
2) if you take a large bet you can lay it off with another larger bookie, like the Sydney Futures Exchange.
The bookie will have additional chances to win by triggering the punters' stop loss bets.
How else can the CMC's of this world build a multi-billion company? Clearly, through the generosity of the punters. Just ask Tabcorp.
Is everything lost for the punters ? No. They can also get on Hotcopper and b1tch about ASIC and the ASX being toothless tigers.
.
- Forums
- ASX - By Stock
- ASX
- warning to all cfd: margin traders
warning to all cfd: margin traders, page-16
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
|
|||||
Last
$62.98 |
Change
0.500(0.80%) |
Mkt cap ! $12.21B |
Open | High | Low | Value | Volume |
$62.77 | $62.98 | $62.36 | $16.34M | 260.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 355 | $62.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$62.99 | 1620 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 355 | 62.640 |
1 | 45 | 62.600 |
2 | 1506 | 62.540 |
1 | 1980 | 62.520 |
2 | 1664 | 62.490 |
Price($) | Vol. | No. |
---|---|---|
62.990 | 1620 | 2 |
63.000 | 3217 | 9 |
63.040 | 1047 | 1 |
63.050 | 1837 | 3 |
63.080 | 842 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |