Release date: 2020-04-15 11:35
Refers to contract for difference (CFD), is a derivative financial instrument which enables trading in an asset without actually owning the underlying asset. The price of the CFD reflects the price of the underlying asset. The CFD is essentially a contract between a trader and a spread-betting company. When a trade is closed, the two parties exchange the difference in the asset's price from when the trade was initiated.