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.
Sorry a bit confused. I thought CFD's have nothing to do with...
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Last
$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B | |||
| Open | High | Low | Value | Volume |
| $61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $60.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.92 | 16584 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |