Range of Markets

Financial Spread Betting Markets Explained

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

Copper (High Grade), Dec

commodities - CopperHighGrade
Commodity
0.6 *
(Shares only)
1
22/11/2024
2300-2200
£5
1
FinancingRate +/- 3.5%
NTR: Position (GBP) % ***
0 - 243
.50
243 - 486
2.50
486 - 972
5.00
972 +
35.00
Limited Risk NTR: Position (GBP) % ***
0 - 243
10.00
243 +
35.00
Spread Premium: Stake (GBP) Multiplier
0 - 1,807
1
1,807 - 3,613
2
3,613 - 12,044
4
12,044 +
20
Mar, May, Jul, Sep, Dec
Comex official settlement price on last day of trading +/- spread

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

 **Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves. 


Market Description

Copper is a primary industrial metal used mainly in construction. Just like gold and silver, copper can also be traded on the financial markets with futures prices often considered an accurate barometer of economic growth.

Although not as heavily traded or as valued as gold, copper is 100% recyclable and has hit close to record highs in recent years making it a target for theft either from underground communication cables or derelict buildings.

To give an example of the range covered by the commodity, in January 2001 copper was trading at highs of 427 cents per pound before falling to lows of 137.60 cents in December of 2008.


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