Recent content by nigelpm

P.S. Peter, Another one for you - IG have released their Android app today and very nice it is too. When is CMC's android app coming?

Good response. I think the point here is in normal circumstances the cash commodity would be fine and it IS a good idea but with the huge contangos/backwardation in oil it is FAR better for the trader to judge when to roll the position into the next month and take the "hit" on the cost of doing...

It also makes the Brent/WTI Spread trade a pure gamble to trade as you have NO idea what it will cost you to rollover. Please feed this back and bring back futures Peter. It all makes perfect sense but is a huge disadvantage for the punter. P.S. Happy to sit down and have a discussion about...

That does acually make sense and it's very simple but a nightmare for traders! Ulitmately you are using the difference made at the last rollover as the carry cost i.e. in this case $4 - so translated over a year that is 41%!!! This is the confusing bit - and why the current price bares no...

Cheers. I don't think it matters whether it's CFD or spreadbet. If the price calculation makes sense that's fine because it will always tie back to the underlying futures, and thus make it tradeable. If it can't be tied back it's untradeable. I await your calcs with interest. Both markets...

Ok, I appreciate that. Did you see my calculations posted before - taking the futures curve and trying to work out carrying costs - it should be somewhere around 4% p.a. unless I'm missing something obvious.

Overnight carrying costs on Brent was 37% (p.a.) How on earth is this being worked out? I shall be moving all positions out and using IG unless Peter can explain what is going on!

Right here goes. I am disputing the price for Brent only FWIW: Per : http://futuresource.quote.com/quotes/relatedquote.action?symbol=BRN+1Q-ICE Assuming a year is built in : At the time of posting: Aug 11 - 114.01 Aug 12 - 110.13 thus cost of carry should be 3.4% over the year and your...

Ermm. well the spread in the Brent/WTI per futures is $19 but $23 per CMC - clearly something has gone badly wrong with your calcs - How can the cash price be a full $4 ahead of the futures - it does NOT make any sense. If it is simple - a brief calc of how it is worked out would be most...

Hi Peter, Can you explain the pricing in Brent Crude at the moment? August Futures are 114. CMC cash price is 118!! Backwardation in occuring but not to that level.

Peter, Any more on the Brent/WTI spread instrument you mentioned would be in place a month back? Also, any date for moving the FTSE smallcap shares over to the next gen - it's annoying having two accounts open.

Great thanks Peter. Another few quick questions if possible. 1) Do you have a rough ETA for Next Gen Android? 2) Are you going to introduce daily emailed statements like on the old platform? I found this very useful. 3) When do you envisage FTSE small cap stocks coming to Next Gen?

A couple of points for Peter: 1) Can we have a WTI/Brent spread trade instrument - it's a pain having to pay two lots of margin for a position which is effectively netting off. 2) The new platform resets itself and chucks you out when internet is lost - any chance of being a bit more sensible...

Hi Mike no sorry. you can always get an ipad or iphone or a tablet that runs flash flex our desk top version peter I'm afraid this is a very "arrogant" attitude. It is clear from this thread that your core users are not wanting to go out and buy crappy "ipads" or "iphones" to continue using...

Why? Android is becoming the biggest web mobile platform. I think you are seriously missing a trick here.