capitalspreads
Experienced member
- Messages
- 1,452
- Likes
- 79
c6ackp
our spread of 3 in the June Dax equates with Fins (8 points), IG (6 points), City (6 points) and i cannot be bothered to look at the others. You must look at all the variables involved. In direct access you will be paying broking/commision charges, your initial margin requirement is some 5 times the amount required by us the spread is more often 1 or 1.5 pips than 0.5 pips and you will be paying tax on profits. Most of our DAX business goes through the rolling DAX contract with is quoted 2 pips wide.
Hungvir
All spreads as at 09.10 this morning
Spread on Rolling Wall Street 6 points for Fins, 4 points for CS ....... Fins 50% wider
April Dow 8 points Fins, 6 points CS...... Fins 33% wider
FTSE
Rolling 2 points for both.......... same
Jun FTSE 8 points for Fins, 4 points for CS..........Fins 100% wider
FTSE 100 stock
Anglo American rolling Fins 2255.7-2262.2 (6.5p), CS 2257.1-2260.9 (2.8p) Fins 132% wider
Barclays rolling Fins 673.8-675.6 (1.8p), CS 674.2-675.3 (1.1p) 63% wider
if you look at the quarterly FTSE 100 prices they are even more dramatic. Barclays spread for June is 4.6p wide on fins but only 2.0p wide for CS 130% wider !!
Also we only chage libor plus or minus 2% to roll whereas fins charge libor plus or minus2.5% which means that it is cheaper to hold a longer term position with CS than with Fins.
no doubt if you look for long enough you will find some markets, somewhere, that they beat us on but in the markets that matter, we are miles inside their prices.
jonpo
uumm i dont actually know can you ring our FX desk, graham, 0207 796 5443
cheers
simon
our spread of 3 in the June Dax equates with Fins (8 points), IG (6 points), City (6 points) and i cannot be bothered to look at the others. You must look at all the variables involved. In direct access you will be paying broking/commision charges, your initial margin requirement is some 5 times the amount required by us the spread is more often 1 or 1.5 pips than 0.5 pips and you will be paying tax on profits. Most of our DAX business goes through the rolling DAX contract with is quoted 2 pips wide.
Hungvir
All spreads as at 09.10 this morning
Spread on Rolling Wall Street 6 points for Fins, 4 points for CS ....... Fins 50% wider
April Dow 8 points Fins, 6 points CS...... Fins 33% wider
FTSE
Rolling 2 points for both.......... same
Jun FTSE 8 points for Fins, 4 points for CS..........Fins 100% wider
FTSE 100 stock
Anglo American rolling Fins 2255.7-2262.2 (6.5p), CS 2257.1-2260.9 (2.8p) Fins 132% wider
Barclays rolling Fins 673.8-675.6 (1.8p), CS 674.2-675.3 (1.1p) 63% wider
if you look at the quarterly FTSE 100 prices they are even more dramatic. Barclays spread for June is 4.6p wide on fins but only 2.0p wide for CS 130% wider !!
Also we only chage libor plus or minus 2% to roll whereas fins charge libor plus or minus2.5% which means that it is cheaper to hold a longer term position with CS than with Fins.
no doubt if you look for long enough you will find some markets, somewhere, that they beat us on but in the markets that matter, we are miles inside their prices.
jonpo
uumm i dont actually know can you ring our FX desk, graham, 0207 796 5443
cheers
simon
Last edited: