cfds use brokers or bookies, page-4

OK - thats my dilemma then

Given the stock market is :

a) a place to raise capital and
b) where secondary trading of above takes place

Should not all trading therefore take place on a stockmarket and not with some bookie like CMC or IG???

Are't we theoretically diluting the market by dealing with CMC or IG and not through the market itself???

I'm raising philospohical point here - no flaming please -I'm just finding it difficult to see what value these bookies add.

I'm stunned that ASIC or whomever would approve a bookie to make stock prices without that bookie actually making those trades on the market.

It seems to me that if I tarde with CMC - I'm trading with a bookie's software and not the market.