With 16 players all within four shots of the leaders, the $300,000 tournament looks set for a thrilling Sunday finish
City Index, a part of the ICAP Private Group is a leading Contracts of Differences (CFD) provider to both UK and international clients. The new alliance will offer CFDs to both individual and institutional customers in the region. CFDs are one of the cheapest and most efficient instruments to trade US, European stock indices, foreign exchange, gold and silver for the retail investor in the UAE.
A CFD is a contract for trading financial instruments on margin without physical settlement or stamp duty. Clients trading stock on CFD never have ownership of the stock, rather they speculate on the direction of the stock. CFDs are also available on stock indices, gold, silver and all leading currencies.
"Commissions are low, clients can go long or short, small dealing sizes are possible; margin requirements are as low as 20 per cent for blue chip US, UK or European shares. CFD market is the ideal vehicle for investors who seek to benefit from short term price movements in the global markets including intra-day swings," said Rashid Ashraf, CEO of Eastern Trust.
CFDs mirror the prices of the underlying assets. Since speculation is possible on both rising and falling of stock prices, CFDs is available on both bull and bear markets. CFDs, according to Matein Khalid, executive vice president of Eastern Trading offers immense flexibility allowing clients to trade either on a ten-minute or six-month horizon.
With 16 players all within four shots of the leaders, the $300,000 tournament looks set for a thrilling Sunday finish
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