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Financial Spreads Improves FX Pricing - More Accurate Trading for Players

UK spread betting company, Financial Spreads, has improved the way they price the FX markets in order to better reflect the underlying interbank market.

The company has added an extra decimal place to their FX prices.

The reason for doing this is to make the FX pricing more precise and therefore give account holders a better and more accurate price to trade on.

How Does this Work?

The Financial Spreads FX markets are now shown down to an extra decimal place. This has not changed the point size of the market but simply provides an extra layer of accuracy.

For example, on EUR/USD, the size of a point is still $0.0001 = $0.00010. However, when calculating the result of a trade the extra decimal place is considered as a fraction of a point.

In the past, for EUR/USD, Financial Spreads rounded the tradable values to the fourth decimal place so a short-term long-trade might have worked as:

Point Size: $0.0001

Stake: £5 per point

Buy Price: $1.3100

Sell Price: $1.3120

Price Difference: ($1.3120 - $1.3100) = $0.0020 = 20 points

Profit / Loss: 20 points x stake = 20 points x £5 per point = £100.00

Under the new system the trade is more accurately rounded to the fifth decimal place and so the same trade might actually be:

Point Size: $0.00010

Stake: £5 per point

Buy Price: $1.30998

Sell Price: $1.31204

Price Difference: ($1.31204 - $1.30998) = $0.00206 = 20.6 points

Profit / Loss: 20.6 points x stake = 20.6 points x £5 per point = £103.00

Better Pricing and Tight Spreads

According to Adam Jepsen, spokesman for Financial Spreads, the new pricing will allow clients to trade with greater accuracy.

"Spread betting account holders will be trading the same point system as before, however, the quoted price now includes a fraction of a point for greater precision.

IMPORTANT !!

As always with spread betting we have to stress that this can be an extremely volatile form of betting.You MUST understand the procedures and risks involved - losses can be many times your original stake - proceed only when you fully understand the spread betting concept.

*** Financial Spreads Launches New Spread Betting Charts Package ****

Financial Spreads, the UK spread betting company, have upgraded their trading charts.

Clients can now access the new and improved charts when they log on to the website.

According to Adam Jepsen, spokesman for Financial Spreads, the new charting package is a significant improvement on the previous offering.

"We still provide charts for every single market and, in addition to all the standard features an investor would expect from market leading charting software, we are also offering features such as back testing tools and price alerts for when markets hit certain levels".

The range of new features includes:

Back Testing tools

Email alerts for when the markets hit a user defined level

A longer history for shorter time periods

More time periods such as 2 hour, 4 hour and monthly charts

More drawing features such as Fibonacci times zones, fans and arcs

More price display options

More indicators

A snap High/Low feature for drawing lines

Full explanation of these and other betting options on site at Financial Spreads.

IMPORTANT !!

As always with spread betting we have to stress that this can be an extremely volatile form of betting.You MUST understand the procedures and risks involved - losses can be many times your original stake - proceed only when you fully understand the spread betting concept.

Financial Spreads - another set of improvements for their clients.

This year Financial Spreads have already tightened their spreads on a number of popular markets in order to lower the cost of trading for clients.

They have also introduced Guaranteed Stops in order to help clients with their risk management.

The spread betting company has now introduced 'differential markets'.

Financial Spreads Spokesperson Adam Jepsen says that introducing differential markets not only offers spread betting account holders more choice, but better value too. "The introduction of the differential markets is the latest in a range of improvements to the service that we offer, and one that we hope will be very popular with our clients.

"We are constantly looking to offer new markets and services to our account holders, and we feel that the latest one will increase both choice and value. Not only will this improvement increase the range of markets that our clients can speculate on, but it also offers them a way of getting tighter spreads."

The new differential markets include:

* UK 100 / DAX 30

* UK 100 / Wall Street

* Brent Crude Oil / US Crude Oil

A differential market is simply the difference between two markets.

For example, if the UK 100 (FTSE 100) is 5950 and the German DAX 30 is 7050 then the difference is 1100. Therefore, Financial Spreads might offer a UK 100 / DAX (June) differential market of 1098 - 1102.

This means clients can spread bet on the differential getting larger than 1102 or getting smaller than 1098.

Differential markets are normally monthly or quarterly futures markets and therefore they have an expiry date. The above example is a 'June' market so if you haven't already closed your trade beforehand the market, and any open trades on it, will be closed and settled on 17 June.

Before trading, please note that financial spread betting carries a high level of risk to your funds and it may not be suitable for all investors. It's possible to lose more than your initial investment, therefore only speculate with money that you can afford to lose. Please ensure you fully understand the risks and, where necessary, seek independent financial advice.

Even Tighter Spreads Now on Offer at Financial Spreads.

Financial Spreads, the London based spread betting company, has improved its pricing on a number of the most popular forex markets.

The firm recently introduced Guaranteed Stops in order to help spread betting account holders manage their risks more effectively.

Along with stock market indices such as the FTSE 100 and the Dow Jones, forex markets are some of the most commonly traded spread betting markets.

As a result, Financial Spreads have introduced tighter spreads for their popular Euro/Sterling and Dollar/Yen Rolling Daily markets to just one point.

Adam Jepsen, spokesperson for Financial Spreads, says that the improved pricing will provide clients with access to some of the tightest spreads in the industry. "We have been working hard on all aspects of our spread betting service. Adding Guaranteed Stops was a great way to improve our service and help our clients with their risk management strategies. We felt that the next step was to improve the pricing on key forex markets," he said.

"We already offer one point spreads on the FTSE 100, DAX 30 and Euro/Dollar markets. Tightening the spreads on the Euro/Sterling and Dollar/Yen markets from two points to just one point means that spread bettors can now speculate on a range of markets with some of the tightest spreads around."

Tighter spreads are important for investors as tighter pricing means that a market doesn't have to move as much before a trade can closed for a profit.

Tighter Spreads at Financial Spreads

What many traders will be interested in is the new pricing.

Financial Spreads were already offering 1 point spreads on their FTSE 100 and DAX 30 Daily Rolling contracts.

They have now also reduced the popular Wall Street and EUR/USD Rolling Daily markets to 2 points and 1 point respectively.

Tight spreads are important in spread trading, tight pricing means that a market does not have to move as far before a trader can close a position for a profit.

IMPORTANT !!

As always with spread betting we have to stress that this can be an extremely volatile form of betting.You MUST understand the procedures and risks involved - losses can be many times your original stake - proceed only when you fully understand the spread betting concept.