Equities Market Information

Equities Market Information

UK Equities

Minimum trade size of £1/1€/ $1 per point

UK Equities

Minimum trade size of £1/1€/ $1 per point

*The value of the spread on entering/closing a trade in addition to the market spread.

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 applies a minimum of 2 points and maximum of 4 points spread to the Bid and Offer respectively, in addition to the underlying market on US Equities. On a ‘Round Turn’ basis, this equates to a Total Minimum of 4 points and Total Maximum of 8 points.

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 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.

UK Equities

Minimum trade sizes are variable, depending on market capitalisation.

*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 applies a minimum of 2 cents and maximum of 4 cents spread to the Bid and Offer respectively, in addition to the underlying market on US Equities. On a ‘Round Turn’ basis, this equates to a Total Minimum of 4 cents and Total Maximum of 8 cents.