The Philippine Stock Exchange is mulling over allowing third parties to sell contracts for difference (CFD) to overseas Filipino workers (OFWs) to enable them to trade at the local bourse without leaving their present country of residence.
Francis Lim, PSE president, said the CFD, which is an equity derivative product, is an alternative for Filipinos who would like to buy Philippine stocks while they are abroad and unable to open an account with local brokerage firms.
A CFD would allow investors to gain exposure to share price movements without directly owning the underlying shares with a direct one-to-one relationship in price and quantity.
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