Recent content by chrisstu

  1. C

    Brokers with zero spread but pay commission

  2. C

    Brokers with zero spread but pay commission

    UK companies are charged something called General Betting Duty. For financial spread bets it's 3%. See this document: https://www.gov.uk/guidance/general-betting-duty-pool-betting-duty-and-remote-gaming-duty So, one can expect that the bid/ask spread charged on a spread bet would be at least 3%...
  3. C

    Brokers with zero spread but pay commission

    Surely the reason spreadbets always have a spread is because the provider must pay a percentage tax on winnings to the government. So it can never be a commission based business model, unlike futures, CFDs, etc.
  4. C

    Real time data for FTSE futures

    I see that ICE is now charging $85 per month for realtime data on FTSE futures. For level 1 data this used to cost £1 per month. Isn't this a bit discriminatory against the smaller trader? I'm sure that your average investment bank doesn't care but for someone trading a few lots intermittently...
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