Centrally Cleared Contracts for Difference (ccCFDs)

Chi-X Europe is introducing the ccCFD Service, a new service which allows participants to bring trades in Contracts for Difference (CFDs) and CFD-hedging equity trades onto the Chi-X Europe MTF, which are financed and netted through a Central Counterparty.

The unique service aims to complement the existing OTC service by retaining the existing processes and benefits of the current OTC CFD process flow, including best-execution hedging, while adding all the benefits of Central Counterparty Clearing. Participants will enjoy risk mitigation from LCH.Clearnet, standardised contracts, and a greater level of transparency, with the potential for increased stock borrowing capacity and improved financing rates.

Links

For more information about ccCFDs please refer to the links shown below:
LCH.Clearnet website
Financing spreads and contract terms
Understanding ccCFDs
ccCFD stock list
ccCFD availability alerts

Document Links

ccCFD product information sheet
For additional documentation, please refer to our Technical Resources.

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