Editing Contract for difference (section)

===Attempt by Australian exchange to move to exchange trading===
The majority of CFDs are traded [[Over-the-counter (finance)|OTC]] using the ''direct market access'' (DMA) or ''[[market maker]]'' model, but from 2007 until June 2014<ref>{{cite web|url=http://www.sfe.com.au/content/notices/2014/0231.14.03.pdf|archive-url=https://web.archive.org/web/20150123180859/http://www.sfe.com.au/content/notices/2014/0231.14.03.pdf|url-status=dead|title=ASX to cease offering CFDs|archive-date=23 January 2015}}</ref> the [[Australian Securities Exchange]] (ASX) offered exchange traded CFDs. As a result, a small percentage of CFDs were traded through the Australian exchange during this period.

The advantages and disadvantages of having an exchange traded CFD were similar for most financial products and meant reducing counterparty risk and increasing transparency but costs were higher. The disadvantages of the ASX exchange traded CFDs and lack of liquidity meant that most Australian traders opted for over-the-counter CFD providers