CeFDex, one of the leading providers of contracts for difference (CFDs) in Germany, has taken an important first step in its expansion into Europe and into the retail customer business. From 3 December, the company will offer its range of products and services directly to customers in Spain. The opening of the new CeFDex branch office in Barcelona underlines its ambitions for the Spanish CFD market, and is a
response to the growing international interest among CFD market participants in services designed around German banking standards. Harald Patt, Member of the CeFDex Management Board and responsible for software development, distribution and market making within the company, commented: “Spain is one of the most attractive markets in Europe. We want to roll out the successful business model of CeFDex and its business customers and partners in Europe as well. The Spanish-speaking area also offers outstanding potential for the global CFD business. Our expansion into Spain will bring us another step closer to our mission of offering optimal solutions worldwide for trading in CFDs.”
The company is already planning in detail the next steps for the expansion of its business, and has announced that it will be expanding its offering to further countries in the coming year. According to CeFDex, detailed studies of the market have shown that there is a high demand for CFDs in the target countries and that on the whole the company enjoys a very high level of acceptance in the European market. With the progressive expansion of CeFDex, prospective customers in Austria will soon be able to profit from the company’s direct offer.
CeFDex is opening a branch office in Barcelona on 3 December. The highly qualified Spanish-language team, led by Branch Manager Miguel Mestanza Portales, is to open up the Spanish market for CeFDex, maintain direct contact with customers and take care of all matters relating to service locally. CeFDex places emphasis on factors important for its success, such as customer proximity, and on highquality services, for example providing a Spanish website, offering training and workshops and maintaining direct customer contact. The goal of the company is to expand considerably the number of Spanishspeaking customers and increase the proportion of turnover generated in Spain. René Diehl, Chairperson of CeFDex, whose responsibility within the company includes finance, risk and strategy, commented: “We expect great results from our market entry into Spain and the expansion of our range of products and services connected with it. The opening of our branch office in Barcelona shows our strength. We are very close to our customers and are providing a valuable contribution to the development of the Spanish retail customer market.”
In addition to looking after customers locally, in future CeFDex will also offer products based on Spanish equities. All CFDs based on equities included in the IBEX 35 and on 20 of the most attractive Spanish mid caps will in future be available to customers of CeFDex, not only in Spain, but also in Germany. This will mean that CFDs from all major European markets as well as the USA will be tradeable through CeFDex,
complementing the range of indices, commodities, exchange-traded funds, interest rate futures and currencies. The conditions offered by CeFDex make it really stand out from the competition. To coincide with its entry into the Spanish market, CeFDex is offering its customers German and Spanish equity-based CFDs without fees until further notice. Its offering is enhanced by narrow spreads, a high level of transparency and fast execution of orders.
