CFDs: The Definitive Guide to Contracts for Difference - Couverture souple

Norman, David James

Couverture souple

ISBN 10 : 1905641435 ISBN 13 : 9781905641437

Editeur : Harriman House Publishing, 2009

Synopsis

The pace of financial markets innovation has increased dramatically over the past twenty years, with a dizzying range of alternative trading products and services now available to retail investors and professional traders alike. Investors seek several things: leverage, cost-effectiveness, best executable prices and flexibility, and innovative products like CFDs provide those benefits. CFDs are flexible trading instruments offering high degrees of leverage, the opportunity to go long and short and to hedge open positions in other tradable instruments. Speculators can take advantage of underlying instrument price movements without having to take possession of the underlying, and portfolio managers can hedge their portfolios without having to liquidate their holdings. Since their inception in the late 1980s as institutional trading instruments, CFDs have become popular with retail, semi-professional and professional investors because of their unique trading characteristics and their tax benefits. This is the first book to provide a comprehensive description of all aspects of trading CFD products. It includes the following: What a CFD is, how it is priced, and the range of different CFDs and markets available to trade; the principles of CFDs and the mechanics of opening, funding and maintaining a CFD trading account and the different types of account that are available; the logistics of trading CFDs including details of tradable markets, the range of underlying instruments and popular trading strategies; the benefits and risks of trading CFDs including leverage, shorting, hedging and capital gains tax management; a comparison between CFDs and other trading instruments like spreadbetting, stock trading, and derivative trading; the ways in which CFDs can be accessed via different providers including direct access facilities, broker intermediation and market maker quoting; controlling risk through the use of stop loss limits, trailing stops, guaranteed stops and limited liability orders; and, the regulation of CFD trading and the expected impact of MiFID.

A propos du livre

À propos de l?auteur

David James Norman has been involved in trading and financial markets technology for over 20 years. He has traded and overseen corporate trading operations in a variety of stock and derivatives markets, provides consultancy, seminar and coursework in the field of market technology to exchanges, global trading houses and investment banks, and has taught graduate classes in market technology for three years in Chicago.

He is the author of four books on trading and market technology: Trading at the Speed of Light (Paradym, 2001), Professional Electronic Trading (John Wiley & Sons, 2002) Trader DNA (Paradym, 2006) and The Virtual Trader (Paradym 2007). Formerly the Director of Market Technology at Illinois Institute of Technology, IIT he now works in London as a financial markets consultant for Office for Market Technology, Ltd.

Détails de l'édition

• Éditeur: Harriman House Publishing
• Date d'édition: 2009
• Langue: anglais
• ISBN 10: 1905641435
• ISBN 13: 9781905641437
• Reliure: Broché
• Numéro d'édition: 1
• Nombre de pages: 192
• Coordonnées du fabricant: non disponible
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