MeritKapital to offer CFDs on LSE via DMA

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MeritKapital is very pleased to make known its CySEC license (#077/06) extension in its line of product offerings to include Contracts for Difference (CFDs).

MeritKapital is very pleased to make known its CySEC license (#077/06) extension in its line of product offerings to include Contracts for Difference (CFDs).

CFDs were initially traded by hedge funds to more cost effectively hedge their exposure on LSE stocks and, as no physical shares changed ownership, to simultaneously avoid stamp duty (50 basis points) on share purchases. However, CFDs later gained popularity due to other inherent perks including their marginability and their resulting higher upside return potential versus plain, vanilla type equity trading. In effect, they have become more comprehensive in the number of underlying instruments (global indices, currencies, commodities etc.) and global financial markets they now cover.

MeritKapital is now able to provide clients Direct Market Access (DMA) CFD trading on the LSE through Quik, Bloomberg, Sungard or any other front end platform of their preference from which MeritKapital can connect via FIX or API. Alternatively, orders may be received via a client's preffered method of communication. We are very glad with this new product offering as we become more versatile to our international clients’ needs.

About MeritKapital

MeritKapital is regulated by CySEC (#077/06) for the provision of custody, brokerage, investment advisory and portfolio management services. It is affiliated (by common shareholdership) with Meritservus, a leading fiduciary, tax structuring & advisory, accounting and corporate service provider in Limassol, Cyprus.

We, once again, hope to have further such exciting company developments to announce!    

Please contact us with any comments or queries info(at)meritkapital(dot)com.

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Persella Ioannides
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