This article is originally referred from FXNet Press Releases
FxNet is happy to announce the addition of four new instruments under CFDs on shares to further diversify trading options for clients.
From the start of this week traders could open positions on three of the world’s biggest electronic payment companies; Visa (VISA), MasterCard (MCARD) and American Express (AXP) which are now available for trading on FxNet.
In addition we have added Polish Insurance Group Powszechny Zak3an Uberzpicczep (PZU) which is one of the oldest and largest insurance groups in Poland.
Visa is one of the leading payment systems in Europe and the world, used by millions of individuals, companies and governmental entities on a daily basis to help make electronic payments.
With headquarters in the United Kingdom, the corporation has offices in Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Israel, Italy, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and Turkey.
“VisaNet enables millions of consumers and merchants around the world to pay and be paid with confidence, security and peace of mind. It is capable of handling more than 56,000 transaction messages per second, which is greater than four times the actual peak transaction rate to date. Supported by continuous investments in hardware, software and engineering talent, VisaNet has helped power the global economy without fail for 21 peak seasons”.
From Visa official webpage
MasterCard is one of the biggest names in the world and is used by consumers around the globe. With advanced technologies and commitment to clients Master Card has had a strong run for 50 years.
The company which gave the word ‘priceless’ a new meaning was the first payment card issued in the People’s Republic of China, the first to introduce a laser hologram on cards and has offered Card services since the 1980s.
The company went public on the New York Stock Exchange in 2006.
In recent years MasterCard has acquired Orbiscom, DataCash, Trevica and Trauxis.
“Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart”
From MasterCard official webpage
About American Express
American express is the world’s largest car issuer by purchase volume and is used by consumers around the world processing millions of transactions daily. It offers services to individuals, small businesses and large corporations.
According to their official website the company operates in more than 130 countries and earns 34.3 billion dollars in annual revenue. 112.2 million American Express cards are in use, the company has 159 billion dollars in total assets, makes 5.89 billion dollars net income and 1 trillion dollars of worldwide billed business.
“Each day, American Express makes it easier, safer and more rewarding for consumers and businesses to purchase the things they need and for merchants to sell their goods and services. An engine of commerce, American Express provides innovative payments, travel and expense management solutions for individuals and business of all sizes”
From American Express Official Webpage
Powszechny Zak3an Uberzpicczep known as the PZU group is one of the oldest and largest insurance groups in Poland, and is highly recognized in the country. According to a 2013 survey the company has the most extensive network of sales and service outlets among Polish insurance companies.
PZU offers property and casualty insurance and through its subsidiaries PZU Zycie, PTE PZU and OFE PZU it offers life insurance, open-end pension funds, specialized open funds, investment certificates in closed investment funds, and investment plans among other services.
What are CFDs on Shares?
CFD stands for Contracts for Differences and it is a contract between two parties (the buyer and the seller) stating that the seller will pay the buyer the difference between the current value of an asset and its value at contract time if the difference is positive, if the difference is negative the buyer will pay the seller the difference.
In trading terms clients choose their preferred share (i.e. MasterCard) and sell or buy it depending on their prediction of market movement (if it will rise or decline). With FxNet traders can choose between more the 30 global shares including eBay, Amazon, Apple and Coca Cola. The movement of the company’s value is solely dependent on the company’s performance and market value.
Trading CFDs on shares is a form of benefiting from a public company’s value without buying shares from the stock exchange and becoming a shareholder, instead it is trading virtually through a trading platform based on speculation on share price movement (the same as Forex trading) with the power to exit a position at any desirable time.
It is important to note that stock market values are generated by speculation and the buying and selling of stocks by shareholders a lot like Forex trading effects currency values.
Original Source: FXNet Press Releases