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.
SPX 500, Jun
| NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| .50 | ||||
| 2.50 | ||||
| 5.00 | ||||
| 15.00 |
| Limited Risk NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| 5.00 | ||||
| 15.00 |
| Spread Premium: | Stake (GBP) | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 1.75 | ||||
| 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
The S&P 500 is an index owned and maintained by Standard and Poor’s of the top 500 large cap, publicly held companies traded on either of two of the largest US stock markets; the NYSE Euronext and the NASDAQ.
The index includes firms such as JP Morgan, Kellogg’s, Marriott International, PepsiCo and 3M. The size of the firms included, and the fact that they are publicly held, means there is plenty of information available to make educated financial spread bets.
For financial spread betting, the S&P 500 is a very stable index with daily movements of 10-30 points being fairly typical. On this market you spread bet on each 1 point movement, meaning you can maximise your earnings off small movements in the index.
If you want to place a financial spread bet based on movements of the S&P 500 with Spreadex, you can trade a product known as the SPX 500.
Spreadex offers a SPX 500, Daily Future contract as well as different future contracts. These contracts will offer a spread on the SPX 500 of, for example, 1,223.7 – 1,224.5. If you think the price will end up being higher than our spread at the contract’s expiry period, you can buy at the ‘offer’ or ‘ask’ price (the higher part of the spread). If you believe the price will end up being lower, you can place a trade to sell at the ‘bid’ (lower part of the spread).
