NYSE to open new CFD derivatives market

(Reuters) – NYSE Euronext plans to launch a new electronic retail derivatives market in the first quarter of 2013 with products based on commodities, currency pairs, equities and indexes, a top executive at the company said on Monday. The initial targets for the so called CFD, or ‘contract for differences’ market, will be retail and professional clients, as well as brokers and liquidity providers, in the United Kingdom and Europe, Garry Jones, head of global derivatives, said in a presentation during NYSE’s investor day. …

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