SG launches retail CFD for UK investors
SG CIB has launched the UK's first listed contracts for difference (CFD) aimed at UK retail investors. Unlike traditional CFDs and spread bets, which are typically traded over-the-counter (OTC), SG's London Stock Exchange listed CFDs are embedded with a guaranteed stop-loss at no extra costs. "This (guaranteed stop-loss feature with no extra costs) is unique to the UK CFD/spread-bet market," says London-based David Lake, head of UK listed products at SG.
With SG acting as the counterparty, the
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