Two boutique derivatives brokers have separately geared up
to capitalise on Australia's booming retail trading community
as local markets keep reaching record highs.
A specialist warrant broker, Commodity Warrants Australia
(CWA), was launched last month by Guy Bower, an option trader
and former fund manager, to cater to growing interest in
Backed by private equity capital, the firm was set up to
issue commodity warrants to sophisticated retail clients who
use the products as a leveraged, long term trading tool.
Bower told FO Week that the average warrant deal is
worth AU$8,000 ($6,000) with CWA hedging its exposures using
futures and options on global commodity exchanges. The firm has
hired five brokers to market its products in the midst of the
country's resources boom and volatile oil and gold prices.
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