Sorry a bit confused. I thought CFD's have nothing to do with actual stock, as there are no limits on the amount of CFD's a company can write, as long as they have enough capital to cover the contract.
ie. The ASX acts as the casino House who will accept your bet of $300 cash to buy a $10 000 contract on the price of a stock. If it goes up you make money. The contract can be written in reverse, where you have a short sell CFD, if it goes down you make money. No party in the contract has to have any actual stock to write a CFD.
Thats alot safer for the stock exchange than normal short selling of actual stock because the losses are limited to the 2 parties in the contract.
...asx limited...must appear on hotcopper....., page-7
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Last
$64.74 |
Change
-0.240(0.37%) |
Mkt cap ! $12.68B | |||
| Open | High | Low | Value | Volume |
| $64.98 | $65.50 | $64.68 | $6.703M | 102.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 62 | $64.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.76 | 96 | 8 |
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| Last trade - 12.23pm 31/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |