What's the spread on a quarterly GBP/USD bet on IG?

[elliot.baker.eb]

Hi,

I've been unable to find this out from their website without making an account.

I'm just curious to know: what is the spread on a quarterly bet for GBP/USD?

Ideally I'd like to know for close/far quarter or however it works?

Ideally I'd like to know what the spread is for the DFB as well.

I'm trying to price up an idea but can't be bothered to make a whole account just to see if it's viable.

Many thanks.

 

[peakoil]

Hi there

Here are typical IG spreads for bets on cable, taken lunchtime today, margined at 1% for 1 up to 500pp:

Cash spot - DFB

12461.5/12462.4 (i.e., typically 0.9)

(Near qrtr) June contract/bet

12473.4/12483.3

(Far qrtr) September contract

12505.2/12515.1 ( typically 9.9)

HTH

 

[elliot.baker.eb]

Thanks for the response.

So, would I be right in saying that IG appear to "expect" cable to go up over the next few months because the quarterly bets are at higher values? i.e. it's not just the spread to take into account but the fact that the quarterly bets are higher values means that the value of cable needs to increase beyond 12483 before you can take a profit out of the near quarter bet?

Or am I missing something here?

Thanks again

 

[peakoil]

Hmmm... not necessarily. If only the game were that simple! Methinks, *even if* you might just find some success here and there in thinking so, you'll eventually find that trying to predict any market movement according to how their (or any other MM's) algorithm is priced, may not always, nor sufficiently, lead to the natural outcome you'd at first expect... Sorry if that's not what you were hoping to hear.