UK EQUITIES
Minimum trade size of £1/1€/ $1 per point
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Spread Size |
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Margin |
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Quoting Hours |
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Point Movement |
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UK100 EQUITIES |
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0.05%* |
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5% |
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08:01-16:30 |
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1 |
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UK250 EQUITIES |
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0.075%* |
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10% |
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08:01-16:30 |
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1 |
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US EQUITIES
Minimum trade size of £1/1€/ $1 per point
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Markets |
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Spread Size |
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Margin |
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Quoting Hours |
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Point Movement |
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US30 EQUITIES |
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0.075%* |
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5% |
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14:31-21:00 |
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0.01 |
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NDQ100 EQUITIES |
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0.075%* |
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10% |
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14:31-21:00 |
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0.01 |
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US500 EQUITIES |
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0.075%* |
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10% |
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14:31-21:00 |
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0.01 |
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ETFs & ADRs |
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0.075%* |
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20% |
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14:31-21:00 |
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0.01 |
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*The value of the spread on entering/closing a trade in addition to the market spread.
ADDITIONAL INFORMATION
SPREADS
Spread Co applies 0.05% - 0.075% per side in addition to the underlying market on UK and US equities. Many of our competitors will typically charge you 0.1%.
SPREAD CO QUOTING HOURS
Spread Co’s quoting hours are expressed as London time. These are Spread Co’s customary business hours, however these may vary where there is a market holiday or when daylight saving applies. Spread Co informs clients of any changes to market hours via email.
DIVIDEND ADJUSTMENTS
If an Index position is held the day before an ex-dividend event and after Spread Co’s end of day cut off, it will be adjusted for the weighted effect of any stock dividend within the index. Spread Co pays out 90% of the dividend for long UK positions, 70% for long US positions and charges 100% for short UK and US positions.
Under IRS rule 871(m) to ensure non-US holders of US equity derivatives are charged as per physical asset holders. This is long payment is increased to 85% to the standard 15% withholding tax on Submission of a W-8BEN form for UK Clients due to existing tax treaty in place, other jurisdiction account holders will be charged 30%.
FINANCING
If you hold a long equity position overnight your position will be subject to a finance adjustment shortly after the end of day cut off (10pm). Charges are calculated on each individual position, not on a net position. Positions held over the weekend will incur a three day adjustment. If there is a market holiday an adjustment will be made for an additional day.
The adjustment is calculated below. Financing charges/credits are a function of four variables:
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Closing Price
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Financing Interest Rate
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Days to Finance
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Days in Financial Calendar Year (360 for USD & CHF or 365 for other) depending on the instrument
IMPORTANT NOTICE: In some circumstances short borrowing costs could be applied dependant on the ability of borrowing the share
More information and examples on financing
UK EQUITIES
Minimum trade sizes are variable, depending on market capitalisation.
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Markets |
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Spread Size |
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Margin |
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Quoting Hours |
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UK100 EQUITIES |
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0.05%* |
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5% |
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08:01-16:30 |
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UK250 EQUITIES |
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0.075%* |
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10% |
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08:01-16:30 |
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US EQUITIES
Minimum trade sizes are variable, depending on market capitalisation.
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Markets |
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Spread Size |
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Margin |
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Quoting Hours |
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US30 EQUITIES |
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0.075%* |
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5% |
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14:31-21:00 |
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NDQ100 EQUITIES |
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0.075%* |
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10% |
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14:31-21:00 |
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US500 EQUITIES |
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0.075%* |
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10% |
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14:31-21:00 |
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ETFs & ADRs |
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0.075%* |
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20% |
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14:31-21:00 |
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*The value of the spread on entering/closing a trade.
Please contact Spread Co to discuss minimum point movement.
ADDITIONAL INFORMATION
SPREADS
Spread Co applies 0.05% - 0.075% per side in addition to the underlying market on UK and US equities. Many of our competitors will typically charge you 0.1%.
SPREAD CO QUOTING HOURS
Spread Co’s quoting hours are expressed as London time. These are Spread Co’s customary business hours, however these may vary where there is a market holiday or when daylight saving applies. Spread Co informs clients of any changes to market hours via email.
DIVIDEND ADJUSTMENTS
If an Index position is held the day before an ex-dividend event and after Spread Co’s end of day cut off, it will be adjusted for the weighted effect of any stock dividend within the index. Spread Co pays out 90% of the dividend for long UK positions, 70% for long US positions and charges 100% for short UK and US positions.
Under IRS rule 871(m) to ensure non-US holders of US equity derivatives are charged as per physical asset holders. This is long payment is increased to 85% to the standard 15% withholding tax on Submission of a W-8BEN form for UK Clients due to existing tax treaty in place, other jurisdiction account holders will be charged 30%.
FINANCING
If you hold a long equity position overnight your position will be subject to a finance adjustment shortly after the end of day cut off (10pm). Charges are calculated on each individual position, not on a net position. Positions held over the weekend will incur a three day adjustment. If there is a market holiday an adjustment will be made for an additional day.
The adjustment is calculated below. Financing charges/credits are a function of four variables:
-
Closing Price
-
Financing Interest Rate
-
Days to Finance
-
Days in Financial Calendar Year (360 or 365) depending on the instrument
IMPORTANT NOTICE: In some circumstances short borrowing costs could be applied dependant on the ability of borrowing the share
More information and examples on financing