It would appear that the recent competition has brought about another reduction in the FTSE spread at D4F, today they now offer the cash for a 2 point spread. This is a very recent decision and it maybe that they have over-looked the need to reduce the monthly and quarter which are still currently held at 5 points. But they may now move them down by 1 point in line with the cash.
Do not know if this will last as it is something they are trying out but the spread has reduced over the last few years and if this remains then it puts them 2 points clear of their nearest rivals in the case of the FTSE, on spreads at least. You never know, but if this level of spread becomes permanent then maybe a year from now could they reduce it to 1.5 or even 1 that would put them on within 1/2 a point of the exchange and a much better deal. Of course it still depends how much slippage maybe seen but it is certainly another step in the right direction to offering a fairer value when compared at dealing with the exchange.
I have never expected SB to match the exchange price due to the way they operate there business but the spreads offered in the past were asking to much. Over the past 2 years the D4F spreads have been reduced and now at least are producing a reasonable alternative to exchange (dependant on slippage).
Capitalspreads do appear to have a very good attitude towards customer services and it will be interesting to see if they now reduce there spread from 3 to 2.