Jump to content
  • 0

Rolling a daily funded spread bet into a forward contract


Spot

Question

Is it possible to roll a daily funded bet into a forward contact on a spread bet ? Is there a way to do this rather than crossing the whole bid / offer spread?  I am hoping for a close to a mid market roll but as yet have not seen this function on the platform. Any help greatly appreciated. I did email IG ages ago but no response.

Cheers Simon

Link to comment

4 answers to this question

Recommended Posts

  • 0
32 minutes ago, Spot said:

Is it possible to roll a daily funded bet into a forward contact on a spread bet ? Is there a way to do this rather than crossing the whole bid / offer spread?  I am hoping for a close to a mid market roll but as yet have not seen this function on the platform. Any help greatly appreciated. I did email IG ages ago but no response.

Cheers Simon

Hi @Spot,

Thank you for your question, 

Is this for shares? Please note that we can roll a DFB to a forward contract provided that there are no restrictions on the share (unborrowable on a short position). We roll the share position at the share cash mid price adjusted for the corresponding spread. 

You can call the helpdesk to be contacted to a dealer who can do this. Please also note that the underlying market has to be open in order to be able to do this.

Thanks,

KoketsoIG

  • Like 1

- KoketsoIG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • If you've tried using Ethereum, you know it can get slow and expensive. Think of Starknet as a helper that makes everything faster and cheaper. It does this by taking a bunch of transactions, squishing them into one, and then processing that one. This means more transactions can happen at once without clogging up the system. For people making apps on the blockchain (they call these dApps), Starknet is like a dream come true because it lets their apps handle a lot more users without slowing down. It also gives them the freedom to make their apps work just how they want, making things better for users. When it comes to making money, Starknet charges fees to use its network and lets people 'stake' their coins – that's like putting your money in a savings account that helps the network run, and you get a little reward for that. So, what do you think about Starknet? It's all about helping Ethereum handle more action without any hassle. Could be a big deal for how we use digital money, right?
    • Why is this?    what’s the reason? I’ve had open positions on this stock for over 3 years 
    • Dear @Omegaguy123, Thank you for reaching out to us! Please be aware that the stock is no longer available on leveraged accounts (spread bet and CFD); it is only offered on non-leveraged accounts (share dealing). Currently, it is on 'closings only' on leveraged accounts, which means you can only close existing positions. To close this market, please make sure you are closing from the 'positions' tab and not from the deal ticket. All the best, KoketsoIG
×
×
  • Create New...
us