Victoria Falls bourse partners Mauritius-based VCG on CFDs
TLDR
- VFEX collaborates with VCG Markets to introduce Contracts for Differences (CFDs) in the local capital markets.
- CFDs enable speculation on price movements of assets like company stocks and commodities.
- This new product allows trading on gold, silver, oil, and global indices, providing easier market access for individuals.
The Victoria Falls Stock Exchange (VFEX) has collaborated with Mauritius-based broker VCG Markets to introduce Contracts for Differences (CFDs), a new financial product designed to enhance the local capital markets.
CFDs are financial agreements where two parties speculate on the price movement of an underlying asset, such as company stocks or commodities. The agreement involves exchanging the difference between the opening and closing prices of the asset.
This product allows for trading on commodities like gold, silver, oil, and various global indices, making it easier for individuals to participate in the market without directly trading the underlying assets.
Key Takeaways
The introduction of CFDs marks a significant step for VFEX and the broader Zimbabwean financial market, promising enhanced market depth and new opportunities for investors. VCG Markets, authorized and licensed by regulators including the Financial Services Commission in Mauritius, as well as authorities in the UAE, Iraq, and now Zimbabwe under the VFEX, will facilitate the trading of these financial instruments.
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