As first reported by Forex Magnates Japan, starting from the end of next month Japanese brokerage Nissan Century has announced its launching contracts for difference (CFD) trading on several indices. After already offering its clients commodities trading through CFDs on gold and crude oil, the company is aiming to enhance its offering and increase traders’ appetite towards the market as Forex volatility has been hovering near all time lows.
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Surprisingly for many, the summer months this year could prove to be more active than the spring session which brought the lowest FX trading volumes in a while. The new offering constitutes 6 indices – the Japanese Nikkei 225, the Dow Jones Industrial Average, Hong Kong’s Hang Seng Index, the UK’s FTSE 100 and the S&P 500 from the US.
There is no commission on the trading in these instruments, and some markets, including the Nikkei 225 are available over-the-counter. There is no monthly expiration on the contracts, so the CFD’s prices are derived from the futures market, with the addition (or subtraction) of dividend payments from index constituent stocks.