Becomes the first investment bank to enter this booming market.
The booming (and profitable) market for contracts for difference (CFD) will experience some competition with Nedbank Capital's entry.
Over the past few years CFDs have become very popular among South Africans because of the gearing and cost advantages they offer over conventional share trading. They are also deemed to be much easier to understand than other derivatives such as single-stock futures or warrants.
Currently, smaller companies such as Global Trader, Dealstream, Ideal CFDs and PSG dominate the CFD market. Nedbank's entrance is bound to shake up the market, to the benefit of the consumer.
Read more at MoneyWeb.co.za
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