Equities Market Information
UK EQUITIES
Minimum trade size of £1/1€/ $1 per point
| Markets | Spread Size | Professional Margin | Retail Margin | Quoting Hours | Point Movement |
|---|---|---|---|---|---|
| UK100 EQUITIES | 0.05%* | 5% | 20% | 08:01-16:30 | 1 |
| UK250 EQUITIES | 0.075%* | 10% | 20% | 08:01-16:30 | 1 |
US EQUITIES
Minimum trade size of £1/1€/ $1 per point
| Markets | Spread Size | Professional Margin | Retail Margin | Quoting Hours | Point Movement |
|---|---|---|---|---|---|
| US30 EQUITIES | Min: 2pts ** Max: 4pts ** | 5% | 20% | 14:31-21:00 | 0.01 |
| NDQ100 EQUITIES | Min: 2pts ** Max: 4pts ** | 10% | 20% | 14:31-21:00 | 0.01 |
| US500 EQUITIES | Min: 2pts ** Max: 4pts ** | 10% | 20% | 14:31-21:00 | 0.01 |
| ETFs & ADRs | Min: 2pts ** Max: 4pts ** | 20% | 20% | 14:31-21:00 | 0.01 |
*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 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
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
UK EQUITIES
Minimum trade sizes are variable, depending on market capitalisation.
| Markets | Spread Size | Professional Margin | Retail Margin | Quoting Hours |
|---|---|---|---|---|
| UK100 EQUITIES | 0.05%* | 5% | 20% | 08:01-16:30 |
| UK250 EQUITIES | 0.075%* | 10% | 20% | 08:01-16:30 |
US EQUITIES
Minimum trade sizes are variable, depending on market capitalisation.
| Markets | Spread Size | Professional Margin | Retail Margin | Quoting Hours |
|---|---|---|---|---|
| US30 EQUITIES | Min: 2 cents ** Max: 4 cents ** | 5% | 20% | 14:31-21:00 |
| NDQ100 EQUITIES | Min: 2 cents ** Max: 4 cents ** | 10% | 20% | 14:31-21:00 |
| US500 EQUITIES | Min: 2 cents ** Max: 4 cents ** | 10% | 20% | 14:31-21:00 |
| ETFs & ADRs | Min: 2 cents ** Max: 4 cents ** | 20% | 20% | 14:31-21:00 |
*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.