TeleTrade switches stock CFDs on cos in DJI Comp, Xetra indices to market execution mode

TeleTrade switches stock CFDs on cos in DJI Comp, Xetra indices to market execution mode

- in All News, Forex Brokers

Russian forex broker TeleTrade said on Wednesday it it will change the execution of orders to market mode for contracts for difference (CFDs) on stock of companies included in the DJI Comp. and Xetra indices. In addition, it will use floating spread for these instruments.

The broker did not elaborate on its decision and did not explain what motivated it.

In market execution, orders are executed at the current market price. This often is a better choice since it is faster (it takes a fraction of a second) and has no re-quotes, compared to instant execution. This type of execution enables traders to have direct access to the market and a better control over the trading process. Also, there is no limit to the available trading strategies when using market execution mode, unlike with instant order execution.

The TeleTrade brokerage group offers trading in forex and contracts for difference (CFDs) on commodities, stocks, futures and currencies. It is present in 26 countries worldwide and in 2015 was the third largest retail forex service provider in Russia by trading volume with an average monthly volume of $45 billion, according to a report by Interfax-Center for Economic Analysis (Interfax-CEA).

TeleTrade holds a license from the Central Bank of Russia (CBR) and is registered with the National Bank of the Republic of Belarus (NBRB), which is the equivalent of obtaining authorization there. Group companies are also regulated by the Cyprus Securities Exchange Commission (CySEC) and registered with the relevant authorities throughout the EU.

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