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.
Spot, Light Crude
| NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| .50 | ||||
| 2.50 | ||||
| 10.00 | ||||
| 25.00 |
| Limited Risk NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| 10.00 | ||||
| 25.00 |
| Spread Premium: | Stake (GBP) | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 2 | ||||
| 4 | ||||
| 20 |
*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.
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Market Description
Oil is one of the world’s most critical and valuable natural resources, with the price of the commodity affecting consumers every day by influencing the cost of certain goods and affecting heating, petrol or gasoline prices.
Crude oil is the world’s most actively traded commodity and the two most heavily traded contracts on crude oil are the Brent Crude Oil contract and the West Texas Intermediate (WTI) Light Sweet Crude Oil contract.
WTI Light Crude oil is crude oil of a very high quality, mainly refined in the Midwest and Gulf Coast region of the United States. It is considered the major benchmark of crude oil in the Americas.
Light Crude futures are traded in units of 1,000 US barrels (42,000 gallons) with prices quoted in US dollars.
Spreadex quotes Light Crude in dollars and cents and you trade per cent movement meaning it can be a fairly volatile market for spread betting with regular intra-day movements of 100 – 150 points.
When placing a financial spread bet with Spreadex on the future price of Light Crude, you can trade on either a Daily Future market or Futures markets with prices quoted based on expiry at a given future date. For example, Spreadex may quote Light Crude, Daily Future at 86.05-86.11.
