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Phillip Securities, one of the biggest brokerages in Singapore, has launched two new CFD products based on Asian indices. They are the FBM KLCI MYR 10 CFD, based on the FTSE Bursa Malaysia KLCI headline index, and the FTSE China A50 Index USD 1, based on the 50 largest Chinese A-share stocks listed in Shanghai and Shenzhen.

Both indices adopt FTSE’s calculation methodology, including free float adjustment and liquidity screens, and are managed with a clear and transparent set of index rules.

“Having these additional indices allows our clients to trade the Malaysian and A-share markets, both of which are very niche and have been difficult to investors to enter until now,” explained Lee Chang-Wen, a manager with Phillip Securities.

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Phillip Securities entered the CFD market in 2003. Since then it has also launched a treasury bills platform and OTC trading. It was the first broker in Singapore to launch online share trading, in 1996.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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