KUALA LUMPUR, March 6 (Bernama) — CGS-CIMB Futures Sdn Bhd (“CGS-CIMB Futures”) (formerly known as CIMB Futures Sdn Bhd) is pleased to announce the expansion of its suite of product offerings to include Contracts for Difference (“CFD”). It is the first broker in Malaysia to offer CFD where the underlying instruments are shares listed on securities exchanges in Singapore, Hong Kong, Australia and the United States of America; and benchmark indices where constituents of the index are listed on foreign securities exchanges.
CFD is a leveraged derivatives product that tracks the price movement of its underlying instrument. Essentially, CFD is a contract an investor enters into to gain exposure to an underlying instrument whereby differences between the closing and the opening value will be settled through cash payments.
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