Spread Free Spread Betting

This is a discussion on Spread Free Spread Betting within the Spread Betting & CFDs forums, part of the Commercial category; Hey, Received an email from Cantor this morning advertising spread free betting. They're calling it the "Magnificent Seven". Each week ...

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Old Apr 11, 2004, 12:40pm   #1
 
mikeyk's Avatar
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Spread Free Spread Betting

Hey,

Received an email from Cantor this morning advertising spread free betting. They're calling it the "Magnificent Seven". Each week there picking seven products which you will be able to trade spread free that week and every week you can vote for what products you would like to see spread free next week.

Sounds pretty good to me. They say you will be able to trade them at the futures prices although I dont know how true this is as all SB companies seem to "manipulate" or run there own prices.
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Old Apr 11, 2004, 4:33pm   #2
 
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"They say you will be able to trade them at the futures prices "

presumably 'futures prices' means there is a small spread, eg 0.25 as in the S&P500 futures market, and they will attempt to make their profit here??
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Old Apr 11, 2004, 4:53pm   #3
 
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Its seems to be restriced to UK shares only.

UK shares arent exactly the most volatile instruments around, so
if you hold for longer than a week youll have to pay half the
full spread anyway.

Last edited by donaldduke; Apr 11, 2004 at 8:47pm.
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Old Apr 12, 2004, 7:29pm   #4
 
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mikeyk started this thread Fair play mate,

Only saying, thought it might have been of interest to some people who might not be cantor clients. No ones forcing people to use them.
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Old Apr 12, 2004, 8:40pm   #5
Joined Jul 2003
If it's spread-free - it's spread free. OK, as an SB they might play around with 'their' version of the price, but it still looks a better deal than paying spread - if you're into SBs at all of course.

It would be interesting to see how Cantor would react to a majority voting in the most volatile indices, stocks...

Of course, that assumes they'd be honest in relaying the voting...

tch tch tch...I am a cynical old Tony this evening.
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Old Apr 13, 2004, 6:09pm   #6
Joined May 2001
If a product is advertised as 'spread free' then they are advertising that they are trading it at mid price regardless of market spread. So I'd expect to see the relevent products quoted at a single price regardless of weather you want to buy it or sell it - hence no spread (the spread being the difference between the bid and the offer). Is this actually what they are offering ?

Steve.
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Old Apr 13, 2004, 8:51pm   #7
Joined Aug 2002
Steve - no it's not a single bid/offer price. They are quoting future prices so there is a small spread, what they refer to as spread-free is that they don't add the extra SB spread. It does actually say that if you read the small print, though you could be forgiven for thinking otherwise at first sight.

I had an eye on the 7 shares they've selected for this week today, pretty dull stuff. Next week though from the voting it looks like AZN + RBS will be in the list so could be more interesting.

KenN
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