May bank holiday trading hours
There will be some changes to our normal opening hours over the public holidays in May. Check the table below to see how the changes could impact your trading.
We have tried to make this information as accurate as possible, but it is intended for guidance only and is subject to change.
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 April 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.
Special Dividends
Index
Changes to margin this weekend
We will be increasing a range of minimum margin rates on new positions only going into the weekend, as per the below. No impact for retails traders or markets where minimums are already higher and no changes to any existing positions.
Indices to 5% at 16:00 GMT
FX/Gold to 3% at 16:00 GMT
Oil (energies) to 15% at 16:00 GMT
We will revert to lower margins rates on Sunday with minimum rates of 1% Indices/FX and 5% Oil. Once again these
Volatility reminder and extended weekend closure
Due to ongoing volatility, there is significant risk that markets may gap when they re-open on Sunday night. Please ensure that you’re comfortable with the size of your positions heading into the weekend, and also be aware that we may see circuit-breakers applied over the coming days – see below.
We urge you to do the following:
• Monitor your positions closely at all times
• Ensure you are comfortable with the size of you
Changes to opening hours from 8 March
Between Sunday 8 March and Sunday 29 March, US and Canadian markets will trade one hour earlier than usual in UK time. This is to reflect the start of Daylight Saving Time (DST) in the US on the former date, and British Summer Time (BST) in the UK on the latter.
Please note the following changes during this period (all times GMT):
• US & Canadian equities (including equity options) markets will be open between 1.30pm a
Dividend Adjustments 24 Feb - 2 Mar
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24 Feb 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are for
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17 Feb 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutr
From the Data, Growth is Top Concern Again
If we were to gauge how much market movement is arising from scheduled event risk relative to those unexpected winds from the headlines, I would put greater emphasis on the latter. That can make for difficult trading conditions considering updates like the coronavirus spread do not abide a clear time and distinct categorical outcomes. In this kind of environment, it is more difficult to establish clear and productive trends as there is not a clear
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10 Feb 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adju
An Economic Update on the Calendar and In the Public Eye
Concern over the course of the global economy was revived this past week with a few troubled indicators raising awareness, but the real interest was what arose in the market-based measures. With the recovery in capital market measures, the meaningful divergence in performance from growth-sensitive assets like copper and crude oil (with a 13-day consecutive drop and 13-month low respectively). In fact, the 60-day correlation – a three-
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 3 Feb 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjust
The Economic Costs Versus the Sentiment Costs of the Coronavirus
Interest in – or really, fear of – the spread of the Wuhan China-based coronavirus ballooned this past week. We could take an anecdotal peruse of the headlines, but I prefer something a little more quantitative. The global, financial-related search for ‘virus’ this past week hit its highest level in over 15 years according to Google. Their data only goes back to 2004, but there is a good chance that the SARS epidemic the year
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 27 Jan 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutr
Coronavirus Adds Another Wild Card for Sentiment to Absorb
When it comes to the standard themes I have been following closely these past few months – growth fears, trade wars and monetary policy effectiveness – there have been frequent updates and it hasn’t been particularly challenging to take their temperature at any particularly time. While the threat of a recession or trade war that threatens to encompass much of the world will not exactly inspire confidence among investors, the knowle
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20 Jan 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutr
Will the White House Pick a Fight with Europe?
The long-awaited first step towards de-escalating the most taxing trade war in modern financial history – between the US and China – took place this past week. Representatives for both countries, US President Trump and Chinese Premier Liu He (notably not President Xi) participated in a very long signing ceremony. The contents of this first stage for finding a long-term and full compromise is important as is stands as the symbolic doorway with
Two Important Trade War Votes and A Lurking Threat
We have had a few weeks of relative respite from the 2019’s constant headline generator: trade wars. That hiatus is past, however, as we are expecting key updates on global trade relations over the next few weeks. In an unusual twist though, the developments may be positive ones. Dead ahead on Wednesday January 15th we are expecting two opportunities to improve the collective growth trajectory. The most prominent of these is the planned sig
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6 Jan 2020. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutra
The Return of Geopolitical Risk (the US and Iran Again)
For almost the entirety of this past year, the dominant force of motivation among investors fit within a rotation of just three major themes: trade wars, growth concerns and monetary policy. Even when these matters weren’t under full steam, their influence and too many instances of sudden changes in the fundamental weather meant that they lack of bearing led to a similar absence of conviction in speculative performance – momentum if no
Opening Week Liquidity – We are heading into the first trading days of the new year
though it is not the first full trading week of 2020. That is an important distinction for those keeping tabs. Consider the throttling in activity and speculative appetite through the past week. The holiday conditions of the Western World drained market depth to effectively hobble any effort at establishing or extending trends – though there were a few notable sparks of volatility that were the result of th
What Was and Was Not Announced in the US-China Phase 1 Trade Deal
Release the doves. The US and China announced last week that they finally were able to come to terms on the their long contentious Phase 1 trade deal. It seems to have conveniently slipped the market’s collective mind that the first stage of the promised reversal to the trade war was announced back on October 11. No tangible change had been put into place between then and now, but that didn’t slow the climb from risk benchma
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9 Dec 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adj
Anticipation and Scenarios Into the Sunday US Deadline for China Tariff Escalation
The active week of trade ahead will be pocked by a few very high profile events which will tap into key themes. Monetary policy and Brexit updates – both with explicit growth implications – are top listings while liquidity is readily available. Yet, one of the most potent potential events ahead has a deadline that occurs over the weekend. The United States warned some months ago that it would increase the ta
Expected index adjustments
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2 Dec 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adj
What Matters More to Risk: Healthy Growth or More Stimulus?
This seems like it would be a simple question to answer from a textbook perspective; but if you’ve been active in your investment these past years, reality has clearly deviated from the theoretical. We have seen economic activity the world over progressively struggle for traction. This is not a question of interpretation or the reliability of the signals being triggered. There have been far too many realized indications of strain
