MF Global looks to launch FX CFDs

Abstract

MF Global plans to launch currency-linked contracts-for-difference (CFD) in Hong Kong, Singapore, Japan and Australia in the first half of 2009. CFDs enable clients to trade multiple asset classes from a single account and attracted increased interest in the second half of last year, said Gavin White, head of over-the-counter CFD sales and trading at MF Global in Hong Kong. In most Asian markets, the product will be available to retail and institutional clients.