Spread Betting – New Precision Pricing Platform Will Save Money For Betters

A new spread betting platform has been launched by CMC Markets to help betters to save money on their transactions. This institutional “precision pricing” and automated execution product adds an extra decimal point to quotes that ensures more accurate, reliable and competitive pricing. The extra decimal point enables traders to see the full quote and enjoy a higher level of transparency.

Peter Cruddas, Executive Chairman and founder of CMC Markets, commented: “The additional decimal point means that there is no price rounding which is a hidden cost to spread betters. If, for example the underlying market is 10.25-11.75 then a rounded price would be quoted as 10-12. This is called price rounding and deprives clients of a better execution price. At CMC Markets, we quote more decimals so they are trading on the most competitive price which can save them money. Precision pricing is also extremely important in the execution of stop losses. For example, if a stop loss is placed at 10, and the spread betting company operates a rounding policy then the stop loss could be executed at 10, whilst the underlying market is 10.25, even though the market may not have traded there.”

The new pricing platform will ensure that all trades are executed automatically without re-quotes or dealer intervention.

CMC Markets is a leading global provider of financial spread betting.

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