KARATERISTIK DAN MEKANISME PERDAGANGAN CONTRACT FOR DIFFERENCE (CFD) SEBAGAI ALTERNATIF INVESTASI KEUANGAN (Studi Kasus Pada Pasar Derivatif di Australia)
Abstract: The paper
exploresthe nature of CFDs as a derivative and CFDs as hedging instrumentin
derivatif markets in Australia. It argues that CFDis leveraged instrument,
which means they offer the potential to make a higher return from a smaller
initial investment relative to the total position value. Using CFD, we can obtain
full exposure to a share or commodity for a fraction of the price of buying the
underlying asset. The higher percentage return from the CFD demonstrates how
leverage can work.
The writer presents two parts in describing CFD’s nature and trading
mechanism which are:the nature of the CFDs, which include CFDs’ characteristics
and how they are traded. This part will focus on equity CFDs which underlying
instrument is stocks. The second part will be an application of delta neutral
hedging of long stock position by using and option compare to CFDs.
Penulis: Novi Wulandari
Widiyanti
Kode Jurnal: jpakuntansidd1000195
