Cantor Index offers spread betting on a range of stock indices such as the UK 100, Dow Jones, Japan 225, France 40 and US Tech 100. Spread betting on indices allows you to take a view on the direction of an entire market rather than the performance of an individual share. Cantor Index offers spread bets on daily, monthly and quarterly index futures as well as daily cash markets for some indices.
Daily index spread bets
Cantor Index offers spread betting on both Daily indices such as the Daily UK 100 Cash and the Daily UK 100 Future.
These bets expire at market close of the day they are opened, although they can be closed at any time prior to expiry. Therefore, if you think that the stock market in London is going to end the day at a higher level than it is standing at a particular moment during the day, you place a 'buy to open' bet on a 'daily' index. If you think that a market will end the day at a lower level, you would place a 'sell to open' bet.
Monthly and quarterly Index future spread bets
Cantor Index also offers spread betting on the futures price of an index. Spread bets on the futures price of an index like the UK 100 are not the same as betting on the cash price of the index, as over night bet charges are paid up front.
Cantor Index offer spread betting on the current or next month and the last month of the current or next quarter. Index futures bets expire on the third Friday of the month, although the bet can be closed at any time prior to expiry.
Example of a spread bet on Daily UK 100
The Cantor Index quote on the Daily UK 100 is 5938 - 5940.
Opening bet: You think that the market will rise, so you buy £10 per point at the offer price of 5940.
Your prediction turns out to be correct and later in the day the UK 100 has risen so you decide to close your bet.
The new Cantor Index quote is 5990 - 5992.
Closing bet: You sell £10 per point at the new bid price of 5990.
| Total profit = | (5990 - 5940) x £10 |
| 50 x £10 | |
| £500 |
However if the UK 100 had fallen and our new quote was 5890 - 5892, you would have made a loss.
| Total loss = | 5890 - 5940 |
| -50 x £10 | |
| -£500 |
For information on our markets, including spread and NTR factor, please visit the Market Information Sheets
Spread bets are high-risk products; you need deposit only a small percentage of the value of the bet. However, your losses may substantially exceed that deposit very rapidly and thus require you to make additional deposits at short notice to maintain your bets. Spread bets are not suitable for all customers. Before betting, you should ensure you fully understand the risks and seek independent financial advice if necessary.
Cantor Index Limited is authorised and regulated by the Financial Services Authority, FSA register number 194414.
These products are not intended for people under the age of 18 or for US residents.
Need help?
Our Customer service hours are 8.00am - 6.00pm, Mon - Fri.
Telephone: 020 7894 8050
Email: cs@cantorindex.co.uk