10/09/13

headline spread cuts

Leading financial spread betting provider Spreadex has followed its new platform launch and expansion into 24-hour-trading by cutting spreads on its five most popular financial markets.

Spreadex’s UK 100, Daily, Spot EUR/USD and Germany 30, Daily markets have all been reduced to 1 point while its Wall St, Daily and Spot GBP/USD markets have been cut to 2 points.

Spokesman Andy MacKenzie said: “We’ve had a great response to our move into 24-hour trading and to many of the features of our new platform such as one-click dealing, the ability to switch between pairs or standard view and a fully customisable trading layout.

“We hope that the reduction in spreads on our top-line markets will please customers further, particularly as many clients can also trade on these markets via a credit limit if they wish.”

Trades on Spreadex’s UK 100, Wall St, Germany 30, EUR/USD and GBP/USD markets make up more than 50% of its overall financial trades placed.

Spreads have been cut on the above-mentioned markets during main market opening hours and revert to wider spreads during out-of-hours times, as is normal practice for the industry.