CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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SilverSun (SSNT) trades up 72% on Acumatica acquisition

By Kevin Donovan

22:35, 15 November 2021

Computer software charts
Computer software charts - Source: SilverSun Technologies Inc.

Shares reached as high as $9.60 per share in morning trading before moving lower in the afternoon to close at $6.70, a 20.51% increase from Friday’s $5.56 closing price.

Trading volume topped 36.6 million shares Monday, versus a 19.767 daily average, according to data maintained by Nasdaq. SilverSun Technologies trades on the Nasdaq exchange under the ticker SSNT.

SilverSun to engage Puerto Rico, Caribbean

East Hanover, New Jersey-based SilverSun is a software reseller and consulting firm with operations concentrated primarily in the metro New York, Chicago, Arizona, southern California, North Carolina, Oregon and Washington states. The acquisition gives SilverSun greater exposure across the US, as well as entry into Puerto Rico and the Caribbean, the company noted in a release.

“We are very excited about this acquisition. Our Acumatica customer base will increase by roughly 30% as a result of this transaction, and we will be onboarding talented and experienced resources to help us further scale our business,” said SilverSun CEO Mark Meller in the release. “We are looking forward to having them join us as we continue to rapidly expand our cloud practices."

Oil - Crude

73.71 Price
-1.100% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0019%
Overnight fee time 22:00 (UTC)
Spread 0.030


41,414.85 Price
+4.020% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


2,023.31 Price
-2.180% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee 0.0118%
Overnight fee time 22:00 (UTC)
Spread 0.50


0.63 Price
-0.690% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Last week SilverSun aggreed to sell its Sage X# software support operations to Net@Work for $250,000 and shared revenues for up to five years.

Read more: Fantom price predictions: Will FTM go up?


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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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