cfd and automatic trading

[cooltrader28]

cfd and automatic trading....never heard that this is possible ..why? currently i use cmcmarkets with programmed prorealtime trade system indicators..but buy sell orders must be entered manually..

any solutions ???

 

[The General]

Example: Interactive Brokers API to trade the ASX traded CFD's....so yes it is possible.

 

[cooltrader28]

im from germany ..autraliais not what i was looking for

 

[The General]

Cool,

Couple of points:

1. You asked if it was possible, and yes it is (you did not state which market you wished to trade in),and,
2. The ASX offers CFD's on Aussie equities, Gold, Oil, major FX pairs and major indicies (eg Dow/Nasdaq and maybe the Dax).....

 

[ns1000]

Cool,

Couple of points:

1. You asked if it was possible, and yes it is (you did not state which market you wished to trade in),and,
2. The ASX offers CFD's on Aussie equities, Gold, Oil, major FX pairs and major indicies (eg Dow/Nasdaq and maybe the Dax).....

The volume of the ASX CFDs looks very low. Isn't liquidity a problem?

 

[The General]

Sadly yes. Spreads are (atm) wider than an OTC provider AND they require approx 4times the margin that their OTC providers do.

The exchange has DPM's (Designated Price Makers) - institutions that have some good incentives to provide a liquid market. That said, the following must be noted:

1. These products were only launched in mid November, and,
2. There were previously problems for the DPM's to enter prices onto the system, and,
3. The ASX will be taking their CFD show on the road again in February.

IMHO, these negatives can be overcome when more liquidity comes to the market (eg a 2pt spread (which would match the OTC providers) on the ASX200 index). This being the case, I would happily trade with them even considering the increased margin requirement for the reasons of trading DMA through an exchange and all the benefits that provides....

Guess it's a case of wait and see I suppose, but for the time being, one thing's for sure - the DPM's aren't fulfilling their role as anticipated at this moment in time....

 

[bu||dozer]

Sadly yes. Spreads are (atm) wider than an OTC provider AND they require approx 4times the margin that their OTC providers do.

The exchange has DPM's (Designated Price Makers) - institutions that have some good incentives to provide a liquid market. That said, the following must be noted:

1. These products were only launched in mid November, and,
2. There were previously problems for the DPM's to enter prices onto the system, and,
3. The ASX will be taking their CFD show on the road again in February.

IMHO, these negatives can be overcome when more liquidity comes to the market (eg a 2pt spread (which would match the OTC providers) on the ASX200 index). This being the case, I would happily trade with them even considering the increased margin requirement for the reasons of trading DMA through an exchange and all the benefits that provides....

Guess it's a case of wait and see I suppose, but for the time being, one thing's for sure - the DPM's aren't fulfilling their role as anticipated at this moment in time....

Take a look at the List of Designated Sponsors/Designated Price Makers
It's the WHo is Who of the Australian/ Global CFD Broker
For those Companies is not really a requirement to promote Exchange Traderd CFDs, right :cheesy:

Back to the topic:
The question was "cfd and automatic trading"

You can code your own trading system by using Software like MT4 or Dealbook.
They have a build in Feature where you can use easy language (programming language) to develop you own trading strategy.