Rolling a daily funded spread bet into a forward contract

[Spot]

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

[KoketsoIG]

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

[Spot]

Yes it is a spread bet on shares.

 

[KoketsoIG]

2 hours ago, Spot said:

Yes it is a spread bet on shares.

 

Please contact our helpdesk to roll a DFB share to a forward.

Thanks,

KoketsoIG

[Spot]

Thank you