ASX: Designated Price Makers Appointed For Exchange Traded CFDs

Designated Price Makers (DPMs) have been appointed for the world’s first Exchange Traded CFDs, to be available for trade on the Sydney Futures Exchange (SFE) in the second quarter of 2007.

Commonwealth Bank of Australia, Credit Suisse, IMC Pacific, Optiver Australia Pty Ltd, Susquehanna Pacific Pty Ltd, UBS Australia, Merrill Lynch Australia and Timber Hill Australia Pty Ltd have now signed to be DPMs for the Exchange Traded CFDs to be listed on SFE.

While CFDs have been one of the fastest growing product sectors in financial markets in recent years, the Exchange Traded CFDs to be listed on SFE will become the first to offer all the benefits of central counterparty clearing, front-line regulation, liquidity provision and multi-broker access.

Exchange Traded CFDs are proposed to be listed across a broad range of assets including key global equity indices, the top 50 Australian listed stocks, foreign exchange crosses and key commodities, including gold and oil.

A PDF document titled ‘Exchange Traded CFDs – An Introduction’ is attached.

For further updates on the establishment of the Exchange Traded CFD market, register interest on www.sfe.com.au/cfd.

In July 2006, the Australian Stock Exchange (ASX) and SFE Corporation (SFE) merged to create the ninth largest listed exchange group in the world (ASX). The Exchange Traded CFDs will be listed on the SFE trading platform, SYCOM® and be subject to SFE’s operating rules.