Spread Betting FX - Rolling Spot
| Symbol | Spread | IM Factor (Margin Req) |
Trading Hours | Min/ Max Size | † Tick Factor | Example Price | Guaranteed Stops (charge / min. distance) |
Last Update |
| AUD/CAD | 3 | 1% | 24-hour | 1 / 1000 | .0001 | 0.9089 | 7/26/2010 | |
| AUD/CHF | 3 | 1% | 24-hour | 1 / 1000 | .0001 | 0.9516 | 7/26/2010 | |
| AUD/HKD | 18 | 1% | 24-hour | 1 / 1000 | .0001 | 4.9803 | 7/26/2010 | |
| AUD/JPY | 3 | 1% | 24-hour | 1 / 1000 | .01 | 59.81 | 4 / 50 | 7/26/2010 |
| AUD/NZD | 7 | 1% | 24-hour | 1 / 1000 | .0001 | 1.2142 | 6 / 50 | 7/26/2010 |
| AUD/USD | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 0.6418 | 3 / 40 | 7/26/2010 |
| CHF/JPY | 2 | 1% | 24-hour | 1 / 1000 | .01 | 76.24 | 3 / 40 | 7/26/2010 |
| CHF/NOK | 36 | 1% | 24-hour | 1 / 1000 | .0001 | 4.9935 | 7/26/2010 | |
| CHF/TRY | 14 | 1% | 24-Hours | 0.0001 | 1.0665 | 7/26/2010 | ||
| EUR/AUD | 4 | 1% | 24-hour | 1 / 1000 | .0001 | 5.0288 | 8 / 75 | 7/26/2010 |
| EUR/CAD | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 1.4042 | 8 / 50 | 7/26/2010 |
| EUR/CHF | 1 | 1% | 24-hour | 1 / 1000 | .0001 | 1.5708 | 3 / 65 | 7/26/2010 |
| EUR/CZK | 15 | 1% | 24-hour | 1 / 1000 | .001 | 28.033 | 7/26/2010 | |
| EUR/GBP | 1 | 1% | 24-hour | 1 / 1000 | .0001 | 0.6844 | 3 / 30 | 7/26/2010 |
| EUR/HKD | 25 | 1% | 24-hour | 1 / 1000 | .0001 | 9.9263 | 7/26/2010 | |
| EUR/HUF | 11 | 1% | 24-hour | 1 / 1000 | .01 | 260.7 | 7/26/2010 | |
| EUR/JPY | 2 | 1% | 24-hour | 1 / 1000 | .01 | 144.46 | 3 / 75 | 7/26/2010 |
| EUR/MXN | 48 | 1% | 24-hour | 1 | 0.0001 | 16.5635 | 7/26/2010 | |
| EUR/NZD | 7 | 1% | 24-hour | 1 / 1000 | .0001 | 2.3772 | 12 / 75 | 7/26/2010 |
| EUR/PLN | 15 | 1% | 24-hour | 1 / 1000 | .0001 | 3.8456 | 7/26/2010 | |
| EUR/RON | 47 | 1% | 24-hour | 0.0001 | 4.1305 | 7/26/2010 | ||
| EUR/SEK | 30 | 1% | 24-hour | 1 / 1000 | .0001 | 9.3441 | 7/26/2010 | |
| EUR/TRY | 14 | 1% | 24-Hours | 0.0001 | 1.6709 | 7/26/2010 | ||
| EUR/USD | 1 | 1% | 24-hour | 1 / 1000 | .0001 | 1.2246 | 3 / 50 | 7/26/2010 |
| EUR/ZAR | 48 | 1% | 24-hour | 1 / 1000 | .0001 | 7.7197 | 7/26/2010 | |
| GBP/AUD | 6 | 1% | 24-hour | 1 / 1000 | .0001 | 2.4131 | 12 / 100 | 7/26/2010 |
| GBP/CAD | 3 | 1% | 24-hour | 1 / 1000 | .0001 | 2.0526 | 5 / 100 | 7/26/2010 |
| GBP/CHF | 4 | 1% | 24-hour | 1 / 1000 | .0001 | 2.2762 | 5 / 100 | 7/26/2010 |
| GBP/HUF | 30 | 1% | 24-hour | 1 / 1000 | .01 | 380.94 | 7/26/2010 | |
| GBP/JPY | 4 | 1% | 24-hour | 1 / 1000 | .01 | 207.11 | 5 / 100 | 7/26/2010 |
| GBP/NOK | 36 | 1% | 24-hour | 1 / 1000 | .0001 | 11.2977 | 7/26/2010 | |
| GBP/NZD | 9 | 1% | 24-hour | 1 / 1000 | .0001 | 2.7742 | 20 / 100 | 7/26/2010 |
| GBP/SGD | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 2.9224 | 7/26/2010 | |
| GBP/TRY | 17 | 1% | 24-Hours | 0.0001 | 2.4107 | 7/26/2010 | ||
| GBP/USD | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 1.8656 | 3 / 75 | 7/26/2010 |
| GBP/ZAR | 80 | 1% | 24-Hour | 1/ 1000 | 0.0001 | 13.9676 | 7/26/2010 | |
| HKD/JPY | 113 | 1% | 24-hour | 100,000 | .0001 | 15.0229 | 7/26/2010 | |
| MXN/JPY | 65 | 1% | 24-hour | 0.0001 | 7.634 | 7/26/2010 | ||
| NOK/JPY | 135 | 1% | 24-hour | 0.0001 | 14.1415 | 7/26/2010 | ||
| NOK/SEK | 12 | 1% | 24-hour | 1 / 1000 | .0001 | 1.1929 | 7/26/2010 | |
| NZD/CHF | 4 | 1% | 24-hour | 1 / 1000 | .0001 | 0.7672 | 7/26/2010 | |
| NZD/JPY | 3 | 1% | 24-hour | 1 / 1000 | .01 | 69.86 | 7/26/2010 | |
| NZD/SEK | 49 | 1% | 24-hour | 1 / 1000 | .0001 | 4.7372 | 7/26/2010 | |
| NZD/SGD | 7 | 1% | 24-hour | 1 / 1000 | .0001 | 1.0031 | 7/26/2010 | |
| NZD/USD | 3 | 1% | 24-hour | 1 / 1000 | 0.0001 | 0.5333 | 3 / 30 | 7/26/2010 |
| PLN/JPY | 210 | 1% | 24-hour | 0.0001 | 27.235 | 7/26/2010 | ||
| SGD/JPY | 2 | 1% | 24-hour | 1 / 1000 | .01 | 72.35 | 7/26/2010 | |
| TRY/JPY | 500 | 1% | 24-Hours | 0.0001 | 98.9411 | 7/26/2010 | ||
| USD/AED | 19 | 1% | 24-hour | 0.0001 | 3.6719 | 7/26/2010 | ||
| USD/CHF | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 1.2201 | 3 / 50 | 7/26/2010 |
| USD/CZK | 22 | 1% | 24-hour | 1 / 1000 | .001 | 20.285 | 7/26/2010 | |
| USD/DKK | 20 | 1% | 24-Hour | 1/ 1000 | 0.0001 | 6.1309 | 7/26/2010 | |
| USD/HKD | 21 | 1% | 24-hour | 1 / 1000 | .0001 | 7.7762 | 7/26/2010 | |
| USD/HUF | 20 | 1% | 24-hour | 1 / 1000 | .01 | 215.45 | 7/26/2010 | |
| USD/JPY | 1 | 1% | 24-hour | 1 / 1000 | .01 | 118.86 | 3 / 50 | 7/26/2010 |
| USD/MXN | 9 | 1% | 24-hour | 1 / 1000 | .0001 | 11.0139 | 7/26/2010 | |
| USD/NOK | 10 | 1% | 24-hour | 1 / 1000 | .0001 | 6.1448 | 7/26/2010 | |
| USD/PLN | 10 | 1% | 24-hour | 1 / 1000 | 0.0001 | 2.8244 | 7/26/2010 | |
| USD/RON | 38 | 1% | 24-hour | 0.0001 | 3.0423 | 7/26/2010 | ||
| USD/SEK | 36 | 1% | 24-hour | 1 / 1000 | .0001 | 7.3339 | 7/26/2010 | |
| USD/SGD | 2 | 1% | 24-hour | 1 / 1000 | .0001 | 1.5688 | 7/26/2010 | |
| USD/TRY | 13 | 1% | 24-Hour | 0.0001 | 1.1841 | 7/26/2010 | ||
| USD/ZAR | 30 | 1% | 24-Hour | 1/ 1000 | 0.0001 | 7.052 | 7/26/2010 | |
| ZAR/JPY | 40 | 1% | 24-hour | 1 / 1000 | .0001 | 15.7191 | 7/26/2010 |
† Tick Factor = the price increment representing 1 whole betting unit, by which P&L and both initial and variation margin is calculated. The Notional Value of your bet is Price*Stake/Tick Factor
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Finance adjustments are made to trades held overnight (i.e. after 22:00 UK time) on rolling markets. For trades on currencies, this is calculated as follows:
f = (s x p x r) / d where f = daily financing charge s = your total stake size p = roll-over price (the Accendo Financial Markets mid-price at 22:00 UK time that day) r = differential of relevant overnight LIBOR rate of 1st named currency and that of 2nd named currency. d = number of days, i.e. where the 2nd named currency is GBP or AUD we use 360 days. Otherwise we use 365 days. If the first currency has a higher interest rate, then you are credited interest for running a long position and debited interest for running a short position. If the first currency has a lower interest rate, then you are debited interest for running a long position and credited interest for running a short position. |
Bets can be denominated in any currency, e.g. if you have a GBP-based account, you can trade our currency markets in GBP per point (or “pip” – the last figure quoted), whatever the market. Finance adjustments will also be converted to the sterling equivalent.
We may occasionally require you to denominate your bet in the 2nd-named currency, e.g. for particularly large bets.
All of Accendo Financial Markets' spread bet markets on currencies are Rolling markets. For more details on how these markets work, please see Examples.
Our currency markets are traded 24 hours. Any bets not closed out before 22:00 UK time will be rolled over to the next business day (unless you instruct us otherwise), and your account credited or debited with a finance adjustment.
Interest Rates used for Overnight Finance Adjustments
Finance adjustments apply to open positions at 17:00 New York time
| Currency | Rate Used |
|
AUD
CAD CHF CZK DKK EUR GBP HKD HUF JPY MXN NOK NZD PLN SEK SGD SKK USD ZAR |
BBA LIBOR Spot Next
BBA LIBOR Overnight BBA LIBOR Spot Next PRIBOR Overnight BBA LIBOR Spot Next BBA LIBOR Overnight BBA LIBOR Overnight HIBOR Overnight BUBOR Overnight BBA LIBOR Overnight Mexican Overnight T-Bill rate NIBOR One Week BBA LIBOR Spot Next Rate Warsaw Interbank Offer Rate Overnight Stockholm Interbank Offered Rate Tom/Next Association of Banks in Singapore SIBOR 1 Month Slovak Refinancing Overnight rate BBA LIBOR Overnight Johannesburg Interbank Agreed Rate 1 month |
BBA = British Bankers' Association
LIBOR = London Interbank Offered Rate
NIBOR = Norway Interbank Offered Rate
SIBOR = Singapore Interbank Borrowing Rate
PRIBOR = Prague Interbank Offered Rate
HIBOR = Hong Kong Interbank Offered Rate
Minimum / Maximum Bet Sizes
These vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by Accendo Financial Markets as “out of hours”, i.e. outside of the regular trading hours of the underlying exchange or market.
The market information sheets indicate the usual minimum and maximum bet sizes in GBP; currency equivalents apply for non-GBP accounts.
Restrictions may be applied to maximum bet sizes whether opening or closing.
The minimum stake for all markets with Accendo Financial Markets is £1 (or currency equivalent). The lot size of the corresponding underlying market is provided for your information, as a guide to underlying market trading size.
Trading Hours
Times shown are Accendo Financial Markets' usual times for trading a market and are basis GMT unless otherwise stated; these may vary e.g. on market holidays and where daylight saving applies.
Our normal dealing hours are from 22:00 Sunday to 22:00 on Friday.
Spreads
The spreads shown may vary according to underlying market liquidity, or in “fast markets”.
Accendo Financial Markets is a trading name of GFT Global Markets UK Ltd, Subsidiary of Global Futures & Forex, Ltd.
Registered in England and Wales, Company Number 5394757, Authorized and Regulated by FSA.