Range of Markets
Financial Spread Betting Markets Explained
We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.
German Schatz, Jun
| NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| .30 | ||||
| 2.50 | ||||
| 5.00 | ||||
| 15.00 |
| Limited Risk NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| 3.33 | ||||
| 5.00 | ||||
| 15.00 |
| Spread Premium: | Stake (GBP) | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 2 | ||||
| 4 | ||||
| 20 |
*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.
**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.
***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.
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Market Description
This is the short-term fixed-interest security issued by the German government to finance its debt, and the term is usually between 21 and 27 months. Spreadex makes a future market on the Shatz, which allows you to spread bet on the direction of short-term interest rates in Germany for hedging or speculative purposes. Since bond prices rise when rates fall, you would place a ‘buy’ trade on Schatz futures if you expected the rate to fall and a ‘sell’ trade on Schatz futures if you expected rates to rise. As with other fixed-interest securities, the spread bet is on short-term interest rates, not bank base rates.
