Tradefair - anyone use it?

[tar]

Re: Tradefair - Change to overnight financing for Rolling Daily contracts

Got this email today:

Due to increasing margin costs we have had to increase the premium we apply to overnight financing from 1% to 2%, which will come into effect tonight. Rest assured that this remains one of the lowest premiums in the spread betting industry.

We aim to provide you with an ultra-low cost spread betting service and as a result continue to offer some of the tightest spreads in the market.

[There is a link to their FAQ for further info].

Bit of a shame I thought.

Comments anyone?

Other LCG white labels charge 2% premium , 1% was an advantage for Tradefair over the others but ....

 

[Lord Flasheart]

Guys Betfair(tradefair) will be luanching a person to person cfd exchange soon,it could change the way we all trade.Just means wed have to pay tax

 

[tar]

Guys Betfair(tradefair) will be luanching a person to person cfd exchange soon,it could change the way we all trade.Just means wed have to pay tax

Yeah we r waiting , did they mention which products will be available ?

 

[gle101]

Guys Betfair(tradefair) will be luanching a person to person cfd exchange soon,it could change the way we all trade.Just means wed have to pay tax

I would gladly pay tax, but as said before, there must be enough liquidity to sustain a well functioning market. I am waiting eagerly to see what will come out of this project.

 

[montmorencyt2w]

I would gladly pay tax, but as said before, there must be enough liquidity to sustain a well functioning market. I am waiting eagerly to see what will come out of this project.

What's the big deal with this, I mean, why is everyone looking forward to it so much?

To give up the spread betting advantages of no tax must presumably mean that it would have some other advantages; what are they?


Thanks,
Mike

 

[Jack Hughes]

What's the big deal with this, I mean, why is everyone looking forward to it so much?

To give up the spread betting advantages of no tax must presumably mean that it would have some other advantages; what are they?


Thanks,
Mike

As I understand it, there's the possibility that you will be adopting the SB company role, ie making money directly from punters who don't really know what they're doing.

 

[montmorencyt2w]

As I understand it, there's the possibility that you will be adopting the SB company role, ie making money directly from punters who don't really know what they're doing.

:idea: Ah, I see. Also an opportunity, if neither side knows what it is doing, for the blind to be leading the blind

 

[gle101]

What's the big deal with this, I mean, why is everyone looking forward to it so much?

To give up the spread betting advantages of no tax must presumably mean that it would have some other advantages; what are they?


Thanks,
Mike

Quite a few in fact, the advantages lies in an "unregulated" market, no market maker there to intervene when you make the trade. If a lot of traders joins the network, it could also narrow the spread as well. You are also able to place orders within the spread.

 

[tan5ki]

Guys Betfair(tradefair) will be luanching a person to person cfd exchange soon,it could change the way we all trade.Just means wed have to pay tax

Hasn't this been done before and failed?

Cantor Index had a spread betting exchange called Spreadfair and City Index had a Binary Betting exchange called Binexx.

Where are they now?

Id be interested to see how Betfair/Tradefair/LMax (as I think they will be called) will get over the huge hurdle of liquidity.

Forget about how tight the spreads can get, without the confidence of being able to get in/out of trades whenever you want to, whats the point??

 

[montmorencyt2w]

Funny with overnight rolling charges/credits? - was:-Re: Tradefair - anyone use it?

Has anyone noticed any funnies with overnight rolling charges or credits at Tradefair for the last 2 nights?

In my case this would be for FX and Gold.