CGSI CFD uses Direct Market Access (DMA).

DMA allows our CFD clients to have direct market access to the underlying security market through our CFD platform. Our CFD clients will be participating in the market at prices identical to that of the underlying security market.

CFD Contract Value = Quantity of CFD contract purchased X CFD Price

As CGSI uses the Direct Market Access (DMA), contract size depends on the lot size that the underlying securities are traded in.

Trading hours for CFDs are the same as the trading hours of the underlying securities and their respective exchanges, e.g. if the underlying security is listed on the Singapore Exchange ("SGX") the trading hours for that CFDs will be the same as the SGX trading hours.

Please refer to "Our Products" section for further details regarding trading hours.

For Singapore market, the live market feed is FREE.

For most other markets, the market feed is delayed.

For further details on the data feed costs and whether they are Live or Delayed, please click hereand refer to the Data Feed Charges Schedule.

No. A CFD is an over-the-counter product and therefore is not traded on any exchange.

After logging into the CFD Trading Platform (Viewpoint), you may refer to the "Margin Watchlist" widget for tradable counters.

Yes, you can trade in other markets as well. For the full list of CFD products, please refer to "Our Products" section

Other than CFD Futures, there are no expiries on your CFD positions. You can hold on to the position as long as you maintain the required margin, which may vary based on the daily mark-to-market pricing. You should note that financing charges are imposed on any open positions.

Yes. The balance of the order will continue to work in the market until it is either filled or cancelled.

For markets where orders can be placed Good-for-The-Day ("GTD") only, the balance orders will be cancelled at the end of the trading day.

Yes. If the order is not done, you can either delete or amend the CFD orders.

You may view your order status under the "Order Pad" window of the CFD trading platform.

Alternatively, you may refer to your preliminary statement sent via email sent to you at the close of Singapore Market hours or refer to the close of business (C.O.B.) statement on the following business day.

If any of the CFD underlying securities ceases to be quoted on a relevant exchange, or are under halt/suspension, CGSI Securities may at its absolute discretion, elect to terminate the relevant CFD or vary the margin requirement for the CFD depending on the situation.

CGSI will determine the CFD Contract Value at its sole discretion upon termination.

Yes. Short-selling is allowed as long as the underlying security is available for short-selling. You are able to obtain the shortable list from the “Margin Watchlist”, sort for “Y” under “AllowShort” column.

For equity CFDs, the list of underlying securities that can be shorted are maintained online and may vary daily.
You are encouraged to check from the margin table in the CFD online trading system.

Yes. Interest is paid based on the Base Rate less mark-up as provided in the commission and funding rates schedule.
However, if the Base Rate is low for certain markets and after factoring in the mark-up rates imposed by CGSI, you may end up paying interest for short position.

Example: If the Base Rate for SGD CFD is 0.5% p.a. and the mark-up is 3.75% p.a., you would need to pay the financing interest of 3.25% p.a. for the open short position.

Intraday trades do not incur interest. Interest is calculated based on end of day valuation of underlying position.

Only cash is accepted as collateral for CFDs and client can pay either through cheque, cashier or Internet funds transfer.

Applicable charges are the CFD trading commission and funding charges for open CFD positions.

A trade in equity CFD is not a trade in the underlying security.

You therefore do not receive cash or other dividends directly from the issuer of the underlying security as you are not the holder of the underlying security.

You will however receive an amount equivalent to the amount of such dividends from the CGSI, to reflect the actual dividends paid on the underlying security.

Your CFD Account will be credited or debited accordingly with such amount. Dividend adjustments are applied if you have an open position in an underlying security on the ex-dividend date.

Yes. The treatment will be exactly the same as Singapore CFD market.

All corporate actions (e.g. rights issues, bonus issues, capital repayments) that are applied to the underlying security will be reflected in the value of your CFD account.

To reflect the actual dividends paid on the underlying security of any equity CFD which you have entered into, on ex-date, your CFD Account will either be credited for long positions or debited on short positions with an amount equal to the value of any cash dividend.

Odd lots trading must be executed off-line through your Trading Representative. CFDs do not confer voting rights in respect of the underlying security.

Finance Charge Illustration

A client purchased (Long) 10 Tesla shares for $1,000. After the price of Tesla increased to $1,100 3 days later, the client opted to sell the 10 shares. Assume the term financing charge for Tesla is 5% p.a (3.75+- Base Rate*). The table below illustrates the closing price for Tesla for the first 2 days.

Total Financing cost charged to client is $1.39 + $1.46 = $2.85