How big is your CFD trading account?

[Sugar Dunkaton]

Just curious to see the size of everyones trading account.

 

[Sugar Dunkaton]

Re: How big is your CFD Trading Account

for anonymity please use the poll above.

 

[nunthewiser]

i got a big one.

 

[Sir Osisofliver]

*Admires Nuns Big One*

Noice

 

[nunthewiser]

winks at sir O

 

[tech/a]

Which provider is doing the survey?

 

[Sir Osisofliver]

Hey Dunk (I'm sorry I'm not calling you sugar when I've got a Nun winking at me already)

Are you going to ask how much brokerage and/or funding fees we pay in a month?

Cheers

Sir P

 

[Sugar Dunkaton]

Sorry, not a provider, just doing some research for an Assignment. I noticed the other day that CFD contracts overtook equity contracts according to the ASX and thought that it would be interesting to investigate this issue further as apparently there is only a small amount of CFD account users as opposed to those who have equity accounts (I havent got a fixed number for CFD accounts in Australia but current guestimates are around 40,000 individual accounts)

 

[Sugar Dunkaton]

Sir P,

Nope not really interested in that.

I am just trying to figure out how people in Australia are trading and how this has changed - but it is almost impossible to get any sort of good data on CFD trading in the Australian market and I figure if i can get a couple of hundred responses I can a least deduce a little out of it.

 

[Sir Osisofliver]

Sir P,

Nope not really interested in that.

I am just trying to figure out how people in Australia are trading and how this has changed - but it is almost impossible to get any sort of good data on CFD trading in the Australian market and I figure if i can get a couple of hundred responses I can a least deduce a little out of it.

It's Sir O P is next to O, it's just a typo. Please don't call me Sir P I sound like a Bodily function.

Curious as why Brokerage figures are not part of your research? If the bro between equity and CFD's was the same you could exclude it from your research...but they are significantly different

Cheers

Sir O

 

[bilo83]

Sorry, not a provider, just doing some research for an Assignment. I noticed the other day that CFD contracts overtook equity contracts according to the ASX and thought that it would be interesting to investigate this issue further as apparently there is only a small amount of CFD account users as opposed to those who have equity accounts (I havent got a fixed number for CFD accounts in Australia but current guestimates are around 40,000 individual accounts)

If you're talking about equity derivative contracts (options) don't forget 1contract = 1,000 shares. I ASX CFD contract = 1 share. The CFD volumes aren't anywhere near equity volumes.

 

[Sugar Dunkaton]

Thanks Sir O!

I can get all the data on commission rates and brokerage costs from providers. Cannex provide pretty solid reports on all of that, and its not hard just to check the websites of the providers.

and on the flip side, part of my argument is the difference in trading costs for CFDs which appear to be significantly cheaper than trading equities has caused this shift I am predicting. it is also apparent that for most people, the funding costs for CFD's are less than a margin loan. I am not quite sure how I am going to fit that in yet, but it looks at the moment that the small amount of people (who contribute the most to the market) have switched to using CFD's than the traditional methods, which I am forecasting will increase the liquidity in the markets significant, and increase daily trading values - a significant benefit for the market.

 

[Trembling Hand]

and on the flip side, part of my argument is the difference in trading costs for CFDs which appear to be significantly cheaper than trading equities has caused this shift I am predicting. it is also apparent that for most people, the funding costs for CFD's are less than a margin loan. I am not quite sure how I am going to fit that in yet, but it looks at the moment that the small amount of people (who contribute the most to the market) have switched to using CFD's than the traditional methods, which I am forecasting will increase the liquidity in the markets significant, and increase daily trading values - a significant benefit for the market.

I think there is something seriously wrong with your info or calculations. There is no way in the world that cfds transactions are greater than equities or the 'other' derivatives.

 

[Trembling Hand]

On another point the people who provide most of the volume do not trade CFDs. lol!!

 

[Sugar Dunkaton]

TH,

This is what the ASX is reporting - http://203.15.147.66/asx/statistics/tradingVolumes.do

If you can interpret this data differently then I would appreciate that - but as far as I can tell, thats the way it looks.

Anyways, what i was more looking for is to get some data regarding the people using equity CFDs (not equity derivatives - although that might be something to look at - but as you can see in the above table, there are nowhere near as many contracts going through).

I am not trying to argue the fine points, hence the polls I have set up which should be easy to understand and answer - so I would love you all to submit your applicable responses, it would be a great help to me.

 

[Trembling Hand]

"The number of CFD contracts traded."

compared to

"The number of trades in Equities."

You cannot see the problem here?

Just an FYI the equity futs trade approx $3 bil a DAY. CFDs will not even be a tiny fraction of that.

EDIT; Just the options alone from that table are greater than the CFDs

 

[Sugar Dunkaton]

TH,

I have read a lot of your posts on here prior to this and as much as I respect what you have to say, you are missing the point here. I am trying to collect data on how people trade equity CFDs as oppposed to how people have traded Vanilla equities.

I appreciate you knowledge, obviously you have a lot to offer, but I was really just wanting to get some data from people who use CFDs. Thanks for your input so far.

Thanks

 

[skc]

TH,

This is what the ASX is reporting - http://203.15.147.66/asx/statistics/tradingVolumes.do

If you can interpret this data differently then I would appreciate that - but as far as I can tell, thats the way it looks.

Anyways, what i was more looking for is to get some data regarding the people using equity CFDs (not equity derivatives - although that might be something to look at - but as you can see in the above table, there are nowhere near as many contracts going through).

I am not trying to argue the fine points, hence the polls I have set up which should be easy to understand and answer - so I would love you all to submit your applicable responses, it would be a great help to me.

The ASX only report no. of ASX CFD contracts. They have no way of knowing OTC CFD from other providers. With ASX CFD, 1 contract = 1 share. So the contract numbers you see are in fact so very insignificant.

And your poll... so much self selection / reporting bias the information would be next to useless.

The only way to get to the information is to speak with various CFD providers (who may not want to speak with you) or hope that someone else has done similar research before.

 

[Trembling Hand]

you are missing the point here. I am trying to collect data on how people trade equity CFDs as oppposed to how people have traded Vanilla equities.

well you would of thought that starting with completely incorrect presumptions would be of some interest to your study but I was wrong.

I noticed the other day that CFD contracts overtook equity contracts according to the ASX

WRONG

it looks at the moment that the small amount of people (who contribute the most to the market) have switched to using CFD's than the traditional methods,

WRONG

If you can interpret this data differently then I would appreciate that - but as far as I can tell, thats the way it looks.

Nope you have not read the asx data correctly

equity derivatives - although that might be something to look at - but as you can see in the above table, there are nowhere near as many contracts going through.

Wrong thats not even in the table.


Carry on,

 

[Sugar Dunkaton]

I do understand the Bias from the polls given the nature of our participants, but i have spoken to CFD providers and they do not want to give out any of their statistics.

This data is better than nothing, and until I have figured out another resource this will probably be the best shot I get. Anyways, Even for the moderators and other people who might use this forum, they may be interested on the people that are trading CFDs, getting some sort of demographic details... I think it is relevent.

So please keep submitting your results, I do appreciate it greatly.