Aren't CMC Markets and IG Markets just bookmakers? Am I right in thinking they don't actually transact my trades on the stockmarket but actually just make a book on the stock?
My understanding is that if I trade with say OM Financial in NZ or Man in Australia that my trades actually take place on the ASX and therefore "add value" by being part of the stockmarket as opposed to CMC or IG which are just bookies that add no value to the actual stockmarket because their trades are all in-house?
