Sony Bank Securities to Commence Contract for Difference Services
December 11, 2009
Sony Bank Securities Inc., a wholly owned subsidiary of Sony Bank Inc., will begin offering contract for difference (CFD) services on December 14, 2009.
CFDs, which are available in many countries throughout the world on major stock price indexes, stock price index futures, individual equities and such commodities as gold and crude oil, stipulate that the seller will pay to the buyer the difference between the current value of an asset and its value at contract time. The contracts allow investors to speculate on price movements on margin without the need to own the underlying assets. By commencing CFD services, Sony Bank Securities will meet investors' asset investment needs by offering them global investment opportunities and hedging instruments for only a small outlay.
Sony Bank Securities will begin offering these services through collaboration with FXOnline Japan Co., Ltd., a group company of IG Group Holdings plc., a U.K. based leader in CFDs. Sony Bank Securities will act as an intermediary in setting up FXOnline Japan accounts through a transaction screen that will be easy for investors to use.
CFD Issues to Be Handled
- CFDs on equities listed on overseas exchanges (more than 5,000 issues)
Individual equities listed on stock exchanges in more than 20 countries, including the United States, the United Kingdom, Germany and Australia - Stock price index CFDs and stock price index futures CFDs (67 issues)
CFDs on more than 30 stock price indexes and stock price index futures, including Japan 225, Wall Street, US Tech 100 and FTSE 100 - Commodity and Commodity Futures CFDs (13 issues)
CFDs on commodities and commodity futures, covering gold, silver, crude oil, gasoline and other commodities - Binary options (13 issues)
Simple transactions involving contracts stipulating certain conditions on stock price index and stock price index futures transactions
About FXOnline Japan Co., Ltd.
FXOnline Japan was established in December 2002, as a financial futures trader to handle forex margin trading.
In September 2008, the IG Group, a leader in forex and CFDs, acquired an 87.5% stake in FXOnline Japan. FXOnline Japan provides customers with leading-edge transaction systems in cooperation with the IG Group.
About IG Group Holdings plc.
IG Group Holdings, a leader in forex and CFDs, is listed on the London Stock Exchange and is included in the Financial Times Stock Exchange 250 Index. The company provides information related to derivatives and forex transactions throughout the world.
Established in 1974, IG Group Holdings has more than 800 employees and offices in 11 countries, including the United Kingdom, Australia, Singapore, Germany, France, Spain, Italy, the United States, Luxemburg, Sweden and Japan.
Note: This is an English-language summary of a Japanese announcement made by Sony Bank Securities on December 11, 2009. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
