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The Australian Securities Exchange (ASX) will launch the world’s first exchange-traded Contracts for Difference (CFDs) in September 2007.
In preparation for the launch, free public seminars are being held around Australia to introduce traders and investors to the features and benefits of the ASX CFD product range. The seminars will help participants get started in trading and provide the opportunity to meet some of the brokers who will offer ASX CFDs.
The seminars begin on 31 July in Adelaide and continue throughout August and September in Perth, Sydney, Brisbane and Melbourne. Full details are available here: www.asx.com.au/cfd Online registrations are now being taken. Numbers are limited and attendance is free.
In addition to the seminars, ASX is also offering other education programs to help participants understand both the upside benefits and downside risks of trading leveraged investments like ASX CFDs. These include:- Online education courses - the first module is now available on www.asx.com.au/cfd
- Online trading simulator that explores the fundamentals of trading ASX CFDs without putting any of your own funds at risk – this will be available in August 2007.
ASX CFDs will be listed on the market operated by the Sydney Futures Exchange (SFE). They will initially include the top 50 stocks listed on ASX, key global equity indices, a range of major foreign currency exchange rates, and selected commodities.
