Equities  Trading

Trade with Tight, Fixed Spreads

SPREADS

Spread Co Markets applies 0.05% – 0.075% per side in addition to the underlying market on UK and US equities. Many of our competitors will typically charge you 0.1%.

 

QUOTING HOURS

Spread Co Markets quoting hours are expressed as London time. These are Spread Co Markets customary business hours, however these may vary where there is a market holiday or even when daylight savings applies. Spread Co Markets informs clients of any changes to market hours via email.

 

DIVIDEND ADJUSTMENTS

If an equity position is held the day before an ex-dividend event and after Spread Co Market’s end of day cut off, it will be adjusted for the weighted effect of any stock dividend within the index. Spread Co Markets pays out 90% of the dividend for long UK positions, 85% for long US positions and charges 100% for short UK and US positions.

FINANCING

If you hold a long equity position overnight your position will be subject to a finance adjustment shortly after the end of day cut off (10pm). Charges are calculated on each individual position, not on a net position. Positions held over the weekend will incur a three day adjustment. If there is a market holiday an adjustment will be made for an additional day.

The adjustment is calculated below. Financing charges/credits are a function of four variables:

  • Closing Price
  • Financing Interest Rate
  • Days to Finance
  • Days in Financial Calendar Year (360 or 365) depending on the instrument

IMPORTANT NOTICE: In some circumstances short borrowing costs could be applied dependant on the ability of borrowing the share

notice

Every effort has been taken in preparing the market information contained in this document. We recommend that you read this information in conjunction with Spread Co Markets Terms of Business. The information contained in this document is subject to change and is for guidance only. Please contact our client services team if you require any further information.

UK EQUITIES

Minimum trade sizes are variable, depending on market capitalisation. 

MarketsSpread SizeMarginQuoting Hours
UK100 EQUITIES0.05%*5%08:01 - 16:30
UK250 EQUITIES0.075%*10%08:01 - 16:30

US EQUITIES

Minimum trade sizes are variable, depending on market capitalisation.

MarketsSpread SizeMarginQuoting Hours
US30 EQUITIES0.075%5%14:31 - 21:00
NDQ100 EQUITIES0.075%10%14:31 - 21:00
US500 EQUITIES0.075%10%14:31 - 21:00

german EQUITIES

Minimum trade sizes are variable, depending on market capitalisation. (N.B Equities as per index constituent will pause for the intraday auction).

MarketsSpread SizeMarginQuoting Hours
GER EQUITIES0.075%FROM 5%08:01 - 16:30

OTHER EQUITIES

Minimum trade sizes are variable, depending on market capitalisation. 

MarketsSpread SizeMarginQuoting Hours
BELGIUM0.075%FROM 10%08:01 - 16:30
DUTCH0.075%FROM 10%08:01 - 16:30
FINISH0.075%FROM 10%08:01 - 16:20
IRISH0.075%FROM 10%08:31 - 17:30
PORTUGUESE0.075%FROM 10%08:01 - 16:30
SPANISH0.075%FROM 10%08:01 - 16:30
ITALIAN0.075%FROM 10%08:01 - 16:25
FRENCH0.075%FROM 10%08:01 - 16:30
AUSTRIAN0.075%FROM 10%08:01 - 16:30
SWISS0.075%FROM 10%08:01 - 16:20

*The value of the spread on entering/closing a trade.
Please contact Spread Co MARKETS to discuss minimum point movement.