Market Information Sheets

This market information is correct at the time of publication but may be subject to change due to, but not exclusively, irregular market conditions. The most up to date version of the market information sheets will be shown on our website. Other markets may be available on request, please call our trading desk on 0860 77 77 66 for further information. Further information about individual markets such as market expiration, minimum/maximum trade sizes and guaranteed stop loss criteria are available by selecting the “i” button on the trading platform or by contacting our client services team by email at [email protected]. Market trading hours are in UK time (GMT). The margin factor rates detailed below may be increased where the size of the trade deems this appropriate.

Please select the “i” button to view any increased margin requirements. These market information sheets should be read in conjunction with client terms and conditions which take precedence in the event of a conflict with these sheets

Indices
Market NameSpread As Low AsMargin FromTrade PerTrading Hours

SA40 (Future)

20 points at all times2.0%1 index point09.30 to 18:30

Australia 200 (Daily Rolling Cash)

1 point from 23.00 to 05.30, 2 points from 06.10 to 21.000.75%1 index pointOpens Sunday to Friday 23.00 to 21.00. Closed periods during the week at 05.30 to06.10 & 21.00 to 23.00
Euro Stocks 50 (Daily Rolling Cash)1 points at all times0.75%1 index point07.00 to 21.00
Euro Stocks 50 (Future)4 points at all times0.75%1 index point07.00 to 21.00
France 40 (Daily Rolling Cash)0.8 points at all times0.75%1 index point07.00 to 21.00
France 40 (Future)4 points at all times (1 point extra for subsequent months)0.75%1 index point07.00 to 21.00
Germany 30 (Daily Rolling Cash)1 point at all times0.75%1 index point07.00 to 21.00
Germany 30 (Future)4 points at all times (2 points extra for subsequent months)0.75%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
Hong Kong 42 (Future)8 points at all times2%1 index pointOpens Monday to Friday 02.15 to 09.15. Closed periods during the week at 05.00 to06.00
Japan 225 (Daily Rolling Cash)8 points at all times0.5%1 index pointOpens Sunday to Friday 23.00 to 21.00. Closed periods during the week at 21.00 to23.00
UK 100 (Daily Rolling Cash)0.8 points at all times0.75%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
UK 100 (Future)4 points at all times (2 points extra for subsequent months)0.75%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
US SPX 500 (Daily Rolling Cash)2 points at all times0.5%0.1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
US SPX 500 (Future)8 points at all times (2 points extra for subsequent months)0.5%0.1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
US Tech 100 (Daily Rolling Cash)1 point at all times0.5%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
Wall Street (Daily Rolling Cash)2 points from 14.30 to 21.00 (4 points out of hours)0.5%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
Wall Street (Future)6 points at all times (1 point extra for subsequent months)0.5%1 index point

Open Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00

US 2000 (Daily Rolling Cash)0.2 points from 14.30 to 21.00 (4 points out of hours)0.5%1 index pointOpen Monday 00.00 to Friday 22.00  Closed period during the week 22.15 to 22.30 &23.30 to 00.00
Spain 35 (Daily Rolling Cash)4 points from 14.30 to 21.00 (4 points out of hours)2%1 index pointOpen Monday 08.00 to Friday 16.30 

Notes for indices trades

1. Minimum trade size for all the above markets is 50c on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Positions are subject to dividend adjustments. All long positions receive a dividend adjustment of 100% of the gross dividend and all short positions pay adjustments of 100%. This applies to daily rolling cash markets.
5. Spread size may differ from above where the stake exceeds median market levels
6. Trades on quarterly Wall Street, US SPX 500, US Tech 100, settle against the special opening quotation published by the relevant exchange on the 3rd Friday of the contract month. This price may differ on the last day of dealing. No trades will be accepted on these markets after the last dealing day.
7. A rolling adjustment is applied to rolling cash positions held overnight.

Interest adjustments are calculated as follows:

S x P x I / 365 = D

Symbols

D = daily interest adjustment

S = stake size

P = underlying index price at time of calculation

I = applicable annual interest rate

The applicable interest rate will be +/-2.5% above/below the indicator cash rate for that index unless otherwise stipulated.

Example of long position using N = R5 P = 14900 (US 30) I = 3.0 (2.5 applicable int rate + 0.5 indicator cash rate)

5 x 14900 x 3        = R6.12 (debit)

365 x100

Funding in respect of long positions is debited from a client’s account and interest in respect of short positions is credited to a client’s account*

* during periods of low interest rates it is possible for short positions to result in a debit posting rather than a credit

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

Foreign Exchange – Rolling Spot
Market NameSpread As Low AsMargin FromTrade PerTrading Hours
AUD/CAD1.4 pips0.75%0.0001Open Sunday 23.00 to Friday 22.00
AUD/CHF1.8 pips0.75%0.0001Open Sunday 23.00 to Friday 22.00
AUD/JPY1.2 pips0.75%0.01Open Sunday 23.00 to Friday 22.00
AUD/NZD2.2 pips0.75%0.0001Open Sunday 23.00 to Friday 22.00
AUD/USD0.6 pips0.75%0.0001Open Sunday 23.00 to Friday 22.00
CAD/CHF2.5 pips0.75%0.0001Open Sunday 23.00 to Friday 22.00
CAD/JPY1.8 pips0.75%0.01Open Sunday 23.00 to Friday 22.00
CHF/JPY1.8 pips0.75%0.01Open Sunday 23.00 to Friday 22.00
EUR/AUD1.5 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/CAD2 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/CHF1.6 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/GBP0.6 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/JPY1 pip0.5%0.01Open Sunday 23.00 to Friday 22.00
EUR/NZD2.5 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/USD0.6 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
EUR/ZAR15 pips2%0.001Open Sunday 23.00 to Friday 22.00
GBP/AUD2 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
GBP/CAD2.8 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
GBP/CHF2.8 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
GBP/JPY2.5 pips0.5%0.01Open Sunday 23.00 to Friday 22.00
GBP/NZD4 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
GBP/USD0.8 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
GBP/ZAR20 pips2%0.001Open Sunday 23.00 to Friday 22.00
NZD/JPY2 pips0.75%0.01Open Sunday 23.00 to Friday 22.00
NZD/USD1.8 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
USD/CAD1 pip0.5%0.0001Open Sunday 23.00 to Friday 22.00
USD/CHF1.5 pips0.5%0.0001Open Sunday 23.00 to Friday 22.00
SGD/USD1 pips0.8%0.0001Open Sunday 23.00 to Friday 22.00
USD/JPY1 pip0.5%0.01Open Sunday 23.00 to Friday 22.00
USD/ZAR10 pips4%0.001Open Sunday 23.00 to Friday 22.00
Dollar Index5 pts1%0.01Open Mondday 01.00 to Friday 22.00

Notes for foreign exchange trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Spread size may differ from above where the stake exceeds median market levels
5. A rolling adjustment is applied to long and short rolling spot positions held overnight.

Funding adjustments are calculated as follows, in this example using a R10 long €/$ as an example:

€/$ = 1.3450 € Int Rate = 1% $ Int Rate = 0.5% BSF applicable int rate 2.5%

R 10 x 13450 x 2 (€1% – $ 0.5% – 2.5% )

365 x 100

Commodities
Market NameSpreads As Low AsMargin FromTrade PerTrading Hours
Metals
Gold Spot3 points0.5%0.1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Gold Future5 points0.5%0.1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Silver Spot2.4 points 0.5%1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Silver Future6 points0.5%1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
OilSpread As Low AsMargins FromTrade PerTrading Hours
US Crude Rolling Spot3 points 0.5%1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
US Crude Future4 points 0.5%1Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Brent Rolling Spot3 points 0.5%1Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent Future4 points 0.5%1Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent/US Crude Differential Spot3 points 0.5%1Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent/US Crude Differential Future5 points 0.5%1Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00

Notes for Commodities trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. A rolling adjustment is applied to rolling cash positions held overnight.

Individual Equity Markets
Market NameSpreadMargin FactorTrade PerTrading Hours
SA Shares
Equity Spreads0.25%From 7.5%cent move09.00 to 17.00
US Shares
Equity Spreads0.15%From 5%cent move14.30 to 21.00
Market NameSpreadMargin FactorTrade PerTrading Hours
UK Shares
Equity Spreads0.15%From 5%pence move08.00 to 16.30
European Shares
Equity Spreads0.15%From 5%cent move08.00 to 16.30

Notes for individual Equity CFD’s

The forecast payment of dividends is not priced into our individual equity markets. Open bets will be adjusted for dividends.

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

All long positions receive a dividend adjustment of 90% of the gross dividend and all short positions pay adjustments of 100% Larger stakes may be quoted with a wider market spread to reflect underlying liquidity.

A funding adjustment is applied to positions held overnight.

Example overnight funding using long R10 of Admiral @ 1265 Int Rate = 0.5 %  BSF applicable charge = 2.5%

R50 x 1265 x 3 ( 0.5+ 2.5%)                              =R 5.20

365 x100