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Saturday, March 14, 2015

Trade Karoon Gas From 20% Margin

Karoon Gas - KAR Home | Latest Karoon Gas news | Already a client? Login Trade Karoon Gas From 20% Margin Maximise your exposure on Karoon Gas by allocating investment capital to CFDs (Contracts for Difference). Shares vs CFDs Long Position Example. With $10,000 you could get a CFD on $39,650 of Karoon Gas Shares. Notes Buy Price Example price. Subject to change. Shares With $10,000, you can get a CFD on 16,250 shares of Karoon Gas for a $39,650 trade. Margin Required % Karoon's initial margin requirement is 20% on first 10,000 shares and 35% on 10,000-100,000 share. Gross Profit ($2.80 - $2.44) x Shares. Daily Funding Charge % 2.5% plus 1 month aussie bank bill swap rate. Subject to change. Commission - Open E-Trade charge $29.95 for online transactions over $10,000 and $24.95 for between $5,000 and $10,000. IG charge $8 min or 0.1% of trade size. ROI % Net profit / Initial Margin. The Benefits of CFDs Go Long or Short Potentially profit if markets are moving in either direction by taking a position whether you think the price will go up (long) or down (short).Please note, not all shares are available to short. Refer to our Contract Details here. Leverage Maximise your investment capital by being able to put down a small deposit for a much larger position. However losses can exceed deposits. Risk Management Define your risk with either Stop Loss or Guaranteed Stop Loss orders (fees apply). Low Commissions From just 0.1% on Australian shares with a minimum of $8. What are CFDs? Learn more about CFD Trading Investing in a CFD carries a high degree of risk because the ‘gearing’ or ‘leverage’ often obtainable means that a relatively small movement can lead to a proportionately much larger movement in the value of your investment and this can work against you as well as for you; it is possible to lose more money than your initial deposit. No minimum balance to open an account, no downloads, start trading in moments Start Trading Start Trading in 3,2,1 Fill in the form We can normally validate your ID instantly and you can be logged in within three minutes Fund your account Deposit funds immediately with your credit/debit card Place your first trade Use our tools to spot an opportunity, then place your trade in seconds Why IG We are the world’s largest CFD provider,(1) and Australia’s No.1 CFD and FX provider. (2) Part of IG Group Holdings, a member of the FTSE 250 with a market cap of $3.96 billion. (3) We have been a market leader since establishing the original IG Group company in 1974. IG was the first company to launch CFDs in Australia (July 2002). IG has 1000 staff across 16 offices around the world. We are authorised and regulated by the Australian Securities and Investments Commission (ASIC), AFSL number 220440. (1) Largest retail CFD provider by revenue (excluding FX). Source Published financial statements. As at 31 July 2014 (2) By primary relationships, Investment Trends June 2014 CFD Report and December 2013 FX Report (3) IG Group Holdings Plc, as at 31 May 2014 © 2003-2015 IG | Sitemap | Terms and agreements | Privacy | Cookies ======================================== Insider traders use CFDs Published 17 October 2014 09:57Staff reporter Photo: Emrah Turudu ASIC says it pursues insider trading matters involving all financial products and it is just as possible to get caught in the CFD market as in the physical market. A swath of insider trader and market manipulation cases has revealed how white-collar criminals are using complex financial products, including contracts for difference (CFD), to avoid detection. Lawyers said the highly leveraged nature of CFDs made them particularly tempting for younger traders because they required far less capital and could reap larger profits than if the same amount were invested in underlying shares. Recent cases have reflected an increased popularity of CFDs, including that of Nigel Derek Heath, 51, of Wahroonga in Sydney, who pleaded guilty to two market manipulation charges at the Downing Centre Local Court on Tuesday. The charges against the experienced day trader – who had a $1.4 million CFD portfolio and a master’s degree in law – concerned trades in four resource ­companies between February 16, 2012 and October 11, 2013. Geoff Hoffman, partner in charge at Clayton Utz in Sydney, said CFDs gave traders economic exposure to movements in a share price without actually owning shares in a particular stock. They could be exploited by anyone who was confident about the direction a stock was going to move, he said. Insider traders were also attracted to contracts for difference because they believed the trades would be harder for regulators to detect. But Hoffman said many came undone because the investment bank that sold the CFD would ordinarily hedge their position. ‘They think they won’t get caught’ “They think they won’t get caught. And were it not for the hedging activity, it might be unlikely that it would be detected,” Hoffman said. “It’s the order the bank puts into the market to execute the hedge that throws a red flag up with the regulators about a big buy that’s occurred im­mediately before a big announcement.” Allens partner Matthew McLennan said CFDs were attractive to young ­traders who did not have access to large amounts of capital. “If you own the shares, it puts a ­natural limit on how much you can gain,” McLennan said. “Whereas with a CFD, or some other form of lev­erage, you increase your upside substantially and risk a lot less capital.” Directors had obligations to disclose their CFDs just as any share holding. But directors could also take advantage of CFDs because they did not involve registering a transfer, and could therefore have a better chance of the trades escaping detection by the company, McLennan said. Norton Rose Fulbright partner David Porter said the initial margin that traders took was often between 3 per cent and 30 per cent of an actual share price. Porter worked on a case involving Sonray Capital Markets, which provided advice on CFDs until it collapsed in 2010 owing more than $46 million. Readily available, many products The company’s former sole director, Russell Andrew Johnson, was sentenced to six-and-a-half years’ jail for false accounting, theft and deception and conspiracy to steal in April while its former chief executive, Scott Kenneth Murray, was sentenced to a non-parole period of two years and six months for 10 similar charges in October 2011. Porter said what made CFDs attractive was that they were readily available in any number of over-the-counter products, including shares, ­currencies and futures. “They are harder to detect because they don’t involve share registers,” he said. “You can just enter into some over-the-counter contract.” Ashurst partner Jonathan Gordon said another attraction of CFDs was that they could also be used to establish a short position. For example, if a person has inside information that they think will ultimately lead to a fall in the share price, the person may choose to take a short CFD position to profit from a later share price fall, Gordon said. He said while many traders might not know that the insider dealing laws applied to CFDs and other derivatives, and not just to shares, the recent success of ASIC’s enforcement actions would have now made it clear. “Traders should be aware that ASIC has very sophisticated surveillance ­systems in place to detect unusual ­trading activity, including through CFDs,” Gordon said. Suspicious activity passed on Head of compliance at provider IG, Natalie Beirne, said it also had legal ­obligations to monitor trading for market abuse and insider trading, and any information about suspicious activity was passed directly to ASIC. Beirne said it needed efficient CFD markets for the products to be as transparent and viable as possible. Though dissimilar to a share registry, IG held information about who held CFDs, which could be readily provided to authorities, she said. “Our dealing desk monitors transactions processed, they are familiar with what is going on in the market, announcements and trading halts, and will report anything that is suspicious,” Beirne said. It also had an automated monitoring system that picked up unusual trading patterns and large trades. Steve Burrell, Australian Institute of Company Directors’ general manager of communications, said companies could impose additional prohibitions or restrictions on CFD trading and require directors to disclose trades under their internal trading policies. “A trading policy must also be lodged with the ASX for disclosure to the market, so any restrictions on trading are public knowledge,” Burrell said. Asic devoting resources to the issue An ASIC spokesman, Andre Khoury, said it pursued insider trading matters involving all financial products and it was just as possible to get caught in the CFD market as in the physical market. “ASIC is devoting its resources to confronting the issue and has the systems to effectively detect, analyse and investigate potential cases of insider trading,” Khoury said. The roll-out of ASIC’s market surveillance system in 2010 made it easier and quicker to identify suspicious trading by connecting patterns and relationships. It could make inquiries into the listed derivatives space that it previously could not pursue because it did not have the information, he said. Trading by directors was subject to more scrutiny because of the expectation they possess market sensitive information unavailable to the rest of the market. “The message is simple – we are watching trades on Australia’s financial markets and can detect misconduct faster and more easily than ever before.” ASIC had brought more than 33 cases since 2009 that resulted in more than 20 convictions. This story first appeared at www.afr.com

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