Nachdem die Australian Stock Exchange im November 2007 den Handel mit Exchange Listed Contract For Difference erfolgreich gestartet hat, trägt sich nun die London Stock Exchange (LSE) mit einem ähnlichen Gedanken. Bis Ende des Jahres sei geplant, das Börsenhandelssystem SETS um die eine Funktionalität zu erweitern, die den Handel von CFDs darüber ermöglichen soll.

Zu Beginn der Testphase sollen Werte aus dem FTSE 100 handelbar sein die nach erfolgreicher Einführung auf weitere Märkte ausgedehnt werden.

Es war nur eine Frage der Zeit, bis die LSE in dem Bereich nachzieht. Das Business ist einfach zu lukrativ, um es dem Cruddas allein zu überlassen .

So richtig wirklich neu ist das Thema garnicht. Die Société Générale bietet bereits seit 2 Jahren über ihre Produktschiene Listed CFDs Exchange Traded CFDs an der LSE an.

 

SG Listed CFDs are powerful new investment tools for UK investors. They combine the flexibility of a CFD contract with the price transparency of a London Stock Exchange listing.

LSE plans first move into CFD trading

The London Stock Exchange is for the first time to allow clients to trade contracts for difference in its latest move to broaden its business amid heightened competition for European share trading

 

The LSE is developing a trading service that enables contracts for difference, derivatives traded over-the-counter that allow hedge funds and fund managers to speculate on share price movements, to be traded alongside the stocks they are based on.

 

The approach should boost liquidity on the system from day one, according to sources close to the exchange.

 

The LSE, which will hold talks with "partners" about supporting the service, has not set a date for the launch of the CFD trading service, which will offer trading of CFDs based on FTSE 100 stocks.

 

The LSE declined to say to which "partners" it was referring.

 

CFDs, which were originally developed to allow retail investors to hedge their exposure to shares traded on the LSE, have been largely traded OTC, using specialist brokers, but the Australian Stock Exchange became the first stock market to offer CFD trading in November last year.

 

© 2008 Financial News Online US

 

 

Links: Exchange Traded CFDs @ ASX

London Stock Exchange - Exchange Traded CFD auf der Zielgeraden

 

New Initiative From The London Stock Exchange And LCH.Clearnet Sees Significant Market Interest

 

The London Stock Exchange and LCH.Clearnet Ltd (LCH.Clearnet) are seeing significant interest in their new initiative; the world’s first combined cash equity and Contract For Difference (CFD) order book. Over 100 delegates representing potential buy-side users of the service as well as member firms and technology vendors, attended a seminar on the product.

 

Subject to regulatory approval, the Exchange will initially offer Exchange Traded CFDs (ETcfds) on FTSE100 equity underlyings, trading with and alongside the underlying cash equities, with LCH.Clearnet providing the clearing which underpins the service. Several Prime Financing Partners, all of which are leading financial houses, help ensure that ETcfd and equity trades will be able to match against one another seamlessly, contributing to the liquidity of both products.

 

The introduction of ETcfds will introduce significant benefits to the current CFD trading model and the wider market, including:

• Standardised and on-Exchange CFD contracts - broadening access to participants that are currently unable or reluctant to trade on an over-the-counter (OTC) basis
  
• Risk management – the introduction of LCH.Clearnet as central counterparty to CFD trading, giving full anonymity and removing exposure to market counterparties
  
• Enhanced liquidity – driven by the creation of a single central market place for two products
  
• Market efficiencies – delivery of multilateral netting, ETcfd v ETcfd trades and counterparty risk mitigation will together result in a more efficient CFD market
  
• Cost efficiencies - Both the London Stock Exchange and LCH.Clearnet will also combine equity and CFD volumes for tariff calculation purposes.
  

[more...]

 

Das Projekt, CFDs und Aktien über das elektronische Orderbuch SETS anzubieten, wurde anscheinend auf Eis gelegt.

 

LSE Drops Plan to Offer CFD, Stock Trading on Same Platform