You can close a spread bet in a number of ways:

Leaving to expiry

All spread bets have a fixed expiry date (please refer to Market Information Sheets), apart from Daily Rolling bets which automatically roll into the next contract until you request otherwise. Spread bets have a daily, weekly, monthly, quarterly or annual expiry date.

If you do not instruct us otherwise, your bet will remain open until its expiry at which point it will be automatically closed (unless it is a Daily Rolling Bet).You can however request that we rollover your position into the next contract period.

Placing an order to close a bet

You can close your bet at any time during the hours when that product is quoted. This is done by requesting the current Cantor Index quote, and then placing a bet directly opposite to the one you placed when opening the bet.

For example, you bought the December UK 100 contract, when the price was 5876 - 5880 in £10 per point. Some weeks later, you decide to close your position, and you call us for our latest quote, which is 5902 - 5906. You place a 'sell' spread bet to close your position to flat, making you 22 points (5902 - 5880), or £220.

Rolling a bet over

You can request to roll an open futures bet into the next contract at any time up to the last dealing day of that product. If you choose to roll, Cantor Index will offer you a discount when closing your existing bet, and re-opening your new one.

Information on the last dealing days and times of all products can be found in the Market Information Sheets.

Non-Share products

When you give us an instruction to roll, we close your existing position at the current mid-price and then open a new position in the next contract period with the standard Cantor spread applied.

Share products

When you give us an instruction to roll a position in a non-share product, we close your position with no market spread and give you a discount on opening your new position.