Spread of Wall Street cash CFD

[Guest Allen]

Hi Gentlemen:

The spread of Wall Street cash CFD is still 2.4 even though the New York stock market is open. Should it be 1.6?

Maybe there is a special reason for IG to keep 2.4 as the spread?

Regards,

Allen

[Caseynotes]

14 hours ago, Allen said:

Hi Gentlemen:

The spread of Wall Street cash CFD is still 2.4 even though the New York stock market is open. Should it be 1.6?

Maybe there is a special reason for IG to keep 2.4 as the spread?

Regards,

Allen

Hi, IG operate a variable spread system which means they take the spread of the liquidity provider and add their markup, normally this gives very low spreads compared to fixed spreads and commissions but in times of high volatility and/or low liquidity the spread offered by the liquidity providers will increase for a period, this will usually happen around times of major news releases such as the US NFP.