Davy Stockbrokers to offer online ‘contracts for difference’ trading
Davy Stockbrokers is to team up with London-based spread betting firm City Index, to offer online dealing in ‘contracts for difference’ (CFDs) for the first time.
The broker said last week that it would be the first Irish broker to offer online access to trading in CFDs, which are highly-leveraged instruments that allow investors to speculate on the future direction of share prices without owning the underlying stock.
Most Dublin broking firms already offer conventional CFD trading to clients using the services of rival London broker Cantor Fitzgerald, but Davy said it had signed an exclusive deal with City Index to...
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