Spread Bet | IG Index | Stock Indices | Bet Details

Market name & dealing hours (6)	Bet size equivalent to one contract	Minimum bet	IG spread (1)(2)(3)	Controlled Risk premium (1)(2)(3)	Deposit Factor
FTSE 100 futures 24 hours (5)	£10	£2	6 (10)	3	40/200
Wall Street Futures 24 hours (5)	$10	£1	8 (10)	4	80/400
US SPX 500 futures 24 hours (5)	$250	£10	1.0	0.5	8/57
US Tech 100 futures 24 hours (5)	$100	£4	4	2	15/100
US Russ 2000 futures 01.00-23.00	$500	£10	1	0.5	53
Canada 60 futures 11.00-21.15	CAD200	£2	1.0	1.0	48
Mexico 35 futures 07.00-21.00	MXN10	£0.10	50	50	2300
VIX (Volatility) 14.30-21.15	$1000	£50	0.1	0.05	6
Dollar Index futures 07.00-21.00	$10	£2	20	10	200
FTSE/Wall Street Differential 24 hours (5)	n/a	£2	8 (16) (1c)	4	200
FTSE/Germany Differential 24 hours (5)	n/a	£2	6 (12) (1c)	4	200

Market name & dealing hours (6)	Bet size equivalent to one contract	Minimum bet	IG spread (1)(2)(3)	Controlled Risk premium (1)(2)(3)	Deposit Factor
Germany 30 futures 24 hours (5)	E25	£2 (1f)	6 (12) (1f)	3	40/250
France 40 futures 24 hours (5)	E10	£2	6 (10)	3	30/240
Italy 40 futures 24 hours (5)	E5	£0.20	10 (40) (1h)	10 (1h)	250/1500
Spain 35 futures 24 hours (5)	E10	£1	8 (18) (1j)	4	150/900
EU Stocks 50 futures 24 hours (5)	E10	£2	2	2	30/172
Germany Tech 30 futures 07.00-21.00	E10	£2	2	1	60
Germany Mid-Cap 50 futures 24 hours (5)	E5	£1	10	5	640
Austria 20 futures 08.00-16.30	$5	£5	10	5	200
Belgium 20 futures 08.00-16.30	E10	£2	10	5	290
Denmark 20 futures 08.02-15.50	DKK100	£5	0.6	0.3	17
Greece 20 futures 10.15-17.20	E5	£1	4	4	200
Hungary 12 futures 08.05-15.30	HUF10	£0.10	200	200	1300
Netherlands 25 futures 07.00-21.00	E200	£5	0.3	0.5	25
Norway 25 futures 08.00-16.20	NOK100	£10	0.7	0.5	25
Poland 20 futures 08.30-16.30	PLN10	£2	10	10	150
Switzerland Blue-Chip futures 06.50-21.00	CHF10	£2	8	4	555
Sweden 30 futures 24 hours (5)	SEK100	£5	0.7 (1.5)	1	60
Turkey 30 futures 07:15-15:35	TRY5	£0.10	100	50	7000

Market name & dealing hours (6)	Bet size equivalent to one contract	Minimum bet	IG spread (1)(2)(3)	Controlled Risk premium (1)(2)(3)	Deposit Factor
Australia 200 futures 08.00-16.30	AUD25	£2	4	3	40/200
Hong Kong HS42 futures 24 hours (5)	HKD50	£0.50	30 (50)	20	200/1200
Japan 225 futures 24 hours (5)	$5	£0.50	20	20	100/500
China H-Shares futures 01.45-04.30; 06.30-08.30	HKD50	£1	20	20	920
India 50 futures 12.25-18.15	$10	£2	6	6	470
Japan All-Share futures 07.00-21.00	Y10,000	£2	2	1	29
Korea 200 futures 07.00-21.00	KRW500,000	£0.50	20	20	3090
Singapore Blue Chip futures 24 hours (5)	SGD200	£2	0.2 (1)	0.2	17
South Africa 40 futures 24 hours (5)	ZAR10	£1	20 (40)	10	1400
Taiwan Index futures 01.45-06.50 07.45-15.55	$100	$3	0.4	0.2	25

1) Spreads are subject to variation, especially in volatile market conditions. Spreads depend on whether the market in question is in or out of hours. Extended hours and out of hours spreads are shown in brackets in the tables, with extended hours shown first.

a) Daily FTSE 100: in hours means from 08.00 until 16.30. Extended hours means from 16.30 until 21.00. Out of hours means from 21.00 until 08.00. Daily FTSE 100 futures: in hours means from 08.00 until 21.00. Out of hours means from 21.00 until 08.00.

b) Daily Wall Street: in hours means from 14.30 until 21.00. Extended hours means from 08.00 until 14.30. Out of hours means from 21.00 until 08.00. Daily Wall Street futures: in hours means from 08.00 until 21.00. Out of hours means from 21.00 until 08.00.

c) Daily US SPX 500 and Daily US SPX 500 futures: in hours means 14.30 until 21.00.

d) Daily US Tech 100 and Daily US Tech 100 futures: in hours means 14.30 until 21.00.

e) Daily Japan 225: in hours means from 00.45-21.15.

f) Daily Hong Kong HS42: in hours means from 01.45-04.30 and 06.30-08.15.

g) Daily France 40 and Daily France 40 futures: in hours means from 07.00 until 21.00.

h) Daily Germany 30: in hours means from 08.00 until 16.30. Extended hours means from 16.30 until 21.00, and from 07.00 until 08.00. Out of hours means from 21.00 until 07.00. Daily Germany 30 futures: in hours means from 07.00 until 21.00. Out of hours means from 21.00 until 07.00.

i) Daily EU Stocks 50: in hours means from 07.00 until 21.00.

j) Daily Italy 40: in hours means from 08.00 until 16.40.

k) Daily Spain 35: in hours means from 08.00 until 16.35.

2) For Controlled Risk bets the Controlled Risk premium is charged on the opening price. It is either added to the offer price or subtracted from the bid price on opening. Controlled Risk bets close at the normal IG closing price.

3) Any market spread may be added to the spread shown in the Information Tables, except for bets on FTSE 100, Wall Street, FTSE/Wall Street Differential, FTSE/Germany differential, Japan 225, Germany 30, Hong Kong HS42 and US SPX500.

4) Bets on stock indices not already closed by the client are closed on or after the last dealing day as follows:

All Daily and Futures bets expire on the basis set out below and/or in the Information Table without IG spread.

(i) Daily Stock Index bets not closed or rolled expire at the closing level of the actual underlying index on the last dealing day. Bets on Daily FTSE 100 futures expire at the official 16.30 settlement price of the relevant FTSE 100 futures contract on LIFFE. Bets on Daily Wall Street futures and Daily US SPX 500 futures expire at the official 21.15 settlement price of the relevant DJIA or S&P 500 futures contract. Bets on Daily Germany 30 futures expire at the official 21.00 settlement of the relevant DAX 30 futures contract on Eurex. Bets on Daily France 40 futures expire at the official 16.30 settlement of the relevant CAC 40 futures contract on Euronext Paris. Please note that Daily Wall Street futures, Daily US SPX 500 futures and Daily US Tech 100 futures expire at 21.00 instead of 21.15 on the last dealing day of the month.

5) 24-hour dealing starts at 23.00 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday.

Please note that on Australia 200, 24-hour dealing starts at 23.00 (London time) on Sunday and finishes at 22.00 (London time) on the following Friday.

Ask dealers for information about public holidays.

6) Market trading times are given in London time, unless otherwise indicated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.

7) Bets on Daily Stock Indices can be rolled over provided we receive a rollover instruction from the client at least 15 minutes before the close of the underlying cash index.

When a bet on a Daily Index is rolled over, the open bet is closed at the middle of the IG Index price, and a new bet is reopened at the same level plus or minus the IG Index rollover spread. If you have instructed a roll on a Controlled Risk bet on a Daily Index, the bet is closed at the middle of the IG Index price, and a new bet is reopened at the same level plus or minus the IG Index Controlled Risk rollover spread. Rollover spreads on Daily Indices are shown in the Daily Bets information table (please note that these should be used as a guide only, as they are subject to change):

When a Daily FTSE 100 Cash bet is rolled over from Tuesday to Wednesday, the opening level of the new bet is adjusted to take account of the ex-dividend adjustment to the index. This is the number of points by which the FTSE 100 must be adjusted downwards to take account of those shares in the index which go ex-dividend before the Wednesday opening. We will use the ex-dividend figure published by Bloomberg (E&OE), rounded to 0.1 index point, to determine what adjustment to apply. Dividend adjustments similarly apply to other Daily Cash Indices but, unlike the FTSE, other indices do not go ex-dividend on a set day each week; we make adjustments for other indices on the relevant date using the ex-dividend figure published by Bloomberg rounded to 0.1 index point.

If you have a Stop or a Limit Order on your Daily Index bet when it is rolled over, we will, unless instructed otherwise, place the Stop on the new bet at the same level as the Stop or Limit on the expiring bet.

8) On certain markets, different deposit rates apply depending on the type of account you hold. Where there are two deposit factors listed, the lower figure applies to the Plus Account and the higher figure to the Select Account.

1) Spreads are subject to variation, especially in volatile market conditions. Spreads may vary for different months and depending on whether the market in question is in or out of hours. Out of hours spreads are shown in brackets in the tables.

a) FTSE 100 futures: In hours means from 08.00 until 21.00.

b) Wall Street futures: in hours means from 08.00 until 21.00.

c) FTSE/Wall Street Differential, FTSE/Germany Differential: in hours means from 08.00 until 21.00.

f) Germany 30 futures, France 40 futures: in hours means from 07.00 until 21.00.

g) Hong Kong HS42 futures: in hours means from 09.45 until 12.30 and from 14.30 until 16.15 (Hong Kong time)

h) Italy 40 futures: in hours means from 08.00 until 16.40.

j) Spain 35 futures: in hours means from 08.00 until 16.35.

k) Sweden 30 futures: in hours means from 08.00 until 16.20

m) Singapore Blue Chip futures: in hours means from 08.30 until 17.15; 18.15 until 01.00 (Singapore time)

2) For Controlled Risk bets the Controlled Risk premium is charged on the opening price. It is either added to the offer price or subtracted from the bid price on opening. Controlled Risk bets close at the normal IG closing price.

3) Any market spread may be added to the spread shown in the Information Tables, except for bets on FTSE 100, Wall Street, FTSE/Wall Street Differential, FTSE/Germany differential, Germany 30, France 40, Sweden 30, Netherlands 25, US SPX500, US Tech 100, US Russ 2000, Hong Kong HS42, Japan 225, Japan All-Share and China H-Shares.

4) Bets on stock indices not already closed by the client are closed on or after the last dealing day as follows:

All bets on the FTSE 100, Wall Street, FTSE/Wall Street Differential and FTSE/Germany Differential expire on the basis set out below and/or in the Information Table without IG spread. All other bets expire on the basis set out below, plus or minus half the IG spread.

(ii) FTSE/Wall Street Differential expire at the Special Opening Quotation of the DJIA on the 3rd Friday of the contract month minus the EDSP of the FTSE 100 on the 3rd Friday. Bets on the FTSE/Germany Differential expire at the special calculation of the DAX 30 minus the EDSP of the FTSE 100 on the 3rd Friday of the contract month.

(iii) Bets on other stock indices expire on the following basis:

UK & US Futures

FTSE 100 futures at the Exchange Delivery Settlement Price (EDSP) of the FTSE 100 as reported by LIFFE on the last dealing day. The EDSP is based on an intraday cash market auction of the FTSE 100 which commences at 10.10 on the last trading day. Uncrossing of the component stocks should be finished by 10.15.

Wall Street futures at the Special Opening Quotation (SOQ) of the DJIA (calculated to two decimal places) on the 3rd Friday of the contract month, as reported by the CBOT. Note that this is the day after the last IG dealing day. The SOQ is calculated from the sequence of opening prices of the 30 DJIA stocks on the NYSE.

US SPX 500 futures at the Special Opening Quotation of the S&P 500 on the 3rd Friday of the contract month, as reported by the CME. Note that this is the day after the last IG dealing day. This contract can be dealt in until 21.15 London time on the last dealing day.

US Tech 100 futures based on the settlement value of the NASDAQ-100 as reported by CME. The settlement value is calculated basis the NASDAQ Official Opening Price (NOOP) of the constituent stocks of the index on the third Friday of the contract month (this is the day after the last dealing day).

US Russ 2000 futures based on the Final Settlement Price of the Russell 2000 futures as reported by CME on the third Friday of the contract month.

Wall Street, US SPX 500, US Tech 100 and US Russ 2000 futures can be dealt until 14.30 on the Friday of expiry (to close positions only from 21.15 the day before expiry until 14.30 on the day of expiry). This means Stop or Limit Orders can be filled until this time.

Canada 60 based on the Official Opening Level of the S&P/TSX 60 as reported by Bourse de Montreal on the third Friday (this is the day after the last trading day).

Mexico 35 futures based on the Final Settlement Price of the MEX BOLSA Index Future on the Mexican Derivatives Market on the third Friday of the contract month.

VIX (Volatility) based on the final settlement value of the Volatility Index futures as reported by CBOE on the day following the last trading day. The final settlement value is determined from a SOQ of the index, which is calculated from the sequence of opening prices of the constituent SPX options.

European Futures

Germany 30, Germany Tech 30 and Germany Mid-Cap 50 futures based on the final settlement value of the DAX 30, TecDAX and MDAX respectively as reported by Eurex on the last trading day. The settlement value is based on prices of the component shares of the respective index as determined in an intraday auction starting at 13.00 CET in the electronic trading system Xetra.

France 40 futures can be traded until 16.00 (Paris time) on the last trading day and settle basis the EDSP of the CAC 40 as reported by Euronext on the last trading day. The EDSP is calculated as the arithmetic mean (rounded to one decimal place) of the index values between 15.40 and 16.00 (Paris time and including the last value disseminated after 16.00) on the last trading day.

Italy 40 futures based on the settlement price of the S&P/MIB Index future as reported by Borsa Italiana. The settlement price is a value of the S&P/MIB Index calculated on the basis of prices of shares in the index on the last trading day.

Spain 35 futures based on the average value of the IBEX 35 between 16.15 and 16.44 (Madrid time) on the day of expiry as reported by MEFF. The settlement price is a value of the IBEX35 Index calculated on the basis of prices of shares in the index on the last trading day.

Austria 20 futures based on the settlement price of the Austrian Traded Index reported by the Wiener Borse on the first banking day following the IG last trading day. This settlement price is calculated basis an intraday auction of the component stocks of the index.

EU Stocks 50 futures based on the average price of the Dow Jones Euro STOXX 50 values calculated between 11.50 and 12.00 CET on the last trading day, and as reported by Eurex.

Belgium 20 futures based on the Final Settlement price of the BEL20 Index future as reported by Euronext Brussels on the third Friday of the contract month or the previous business day.

Denmark 20 futures based on the Final Settlement Price of the OMX Nordic Exchange Future as reported by the Copenhagen Stock Exchange on the third Friday of the contract month.

Greece 20 futures based on the Final Settlement Price of the FTSE/Athens 20 Index Future on the FTSE/Athens Derivative Exchange on the third Friday of the contract month.

Hungary 12 futures based on the Final Settlement Price of the BUX Exchange Future on the Budapest Stock Exchange on the third Friday of the contract month.

Netherlands 25 futures based on the average of values of the AEX Index calculated at one-minute intervals between 14.30 and 15.00 on the last trading day.

Norway 25 futures based on the Final Settlement price of the OBX Index Future on the Oslo Stock Exchange on the third Thursday of the contract month or the previous business day.

Poland 20 futures based on the Final Settlement Price of the WIG 20 Index Future on the Warsaw Stock Exchange on the third Friday of the contract month.

Greece 20 futures based on the Final Settlement Price of the FTSE/Athens 20 Index Future on the FTSE/Athens Derivative Exchange on the third Friday of the contract month.

Switzerland Blue Chip futures based on the settlement value of the SMI as reported by Eurex on the third Friday of the contract month (this is the day following the last trading day). The settlement value is calculated on the basis of the virt-x opening prices of the SMI component shares on the third Friday.

Sweden 30 futures based on the final settlement price of the OMXS30 as reported by EDX London on the last trading day. This price is calculated using the previous day’s closing price of the OMXS30 futures and a volume weighted average price of the OMXS30 on the expiration day.

Turkey 30 futures based on the official closing price of the ISE-30 Future on the Turkish Derivatives Exchange, on the last business day of the contract month.Traded months: February, April, June, August, October, November.

Australian & Asian Futures

Australia 200 futures at the Special Opening Quotation (SOQ) of the S&P/ASX 200 on the last trading day calculated to one decimal place. The SOQ is calculated using the first traded price of each component stock in the S&P/ASX 200 on the last trading day, irrespective of when those stocks first trade in the ASX trading day. This means that the first traded price of each component stock may occur at any time time between ASX market open and ASX market close (including the Closing Single Price Auction) on the last trading day. Should any component stock not have traded by ASX market close on the last dealing day, the last traded price of that stock will be used to calculate the SOQ.

Hong Kong HS42 futures at the settlement price of the Hang Seng on the last dealing day on the Hong Kong Futures Exchange. The settlement price is the average of the Hang Seng at five-minute intervals, rounded down to the nearest whole number, on the last trading day. Please note that this contract can only be dealt in until 16.00 Hong Kong time on the last dealing day.

Japan 225 futures at the special opening quotation of the Nikkei 225 Stock Average on the day following the last dealing day, which is used to settle the Nikkei 225 futures rounded to the nearest 1/10th of an index point. This contract can be dealt in until 21.15 London time on the last dealing day.

China H-Shares futures based on the final settlement price of the Hang Seng China Enterprises Index calculated on the trading day prior to the last business day of the contract month.

India 50 futures based on the official closing price of the CNX Nifty Fifty on SGX, on the last Thursday of the contract month. Daily India 50 futures based on the official closing price of CNX Nifty Fifty futures on SGX.

Japan All-Share futures based on the Special Settlement Price of the relevant TOPIX futures contract as reported by the Tokyo Stock Exchange on the day after the last trading day. The Special Settlement Price is based on the opening prices of the component stocks on the business day following the last trading day.

Korea 200 futures based on the settlement price of the KOSPI 200 as reported by the Korean Futures Exchange on the day following the last dealing day.

Singapore Blue Chip futures based on the Special Opening Quotation of the MSCI Singapore Free Index on the day following the last trading day, as reported by SGX.

South Africa 40 futures based on the official settlement price of the FTSE/JSE Top 40 futures as reported by the JSE Securities Exchange on the third Thursday of the contract month.

Taiwan Index futures at the Final Settlement Price of the MSCI Taiwan Index as reported by SGX on the business day following the last trading day.

5) 24 hours dealing starts at 23.00 London time on Sunday and finishes at 21.15 London time on the following Friday. Ask dealers for information about public holidays.

6) Market trading times are given in London time, unless otherwise indicated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.

7) On all futures bets, 1 point means 1 index point.

8) Bets on Index Futures are rolled over provided we receive your rollover instruction at least 15 minutes before our last dealing time.

When a bet on an Index Future is rolled over, the bet is usually closed at the settlement price on the day before the last dealing day, plus or minus half the IG Index spread, and automatically reopened at the settlement price for the succeeding contract, plus or minus half the IG Index spread with a 40% concession applied. This applies to bets on all Index Futures, except FTSE 100, Wall Street, and FTSE/Wall Street differentials, which are closed at the settlement price for the expiring contract the day before the last dealing day and automatically reopened at the settlement price for the succeeding contract, plus or minus half the normal IG spread.

If you have placed a Controlled Risk bet on an Index Future, the bet is closed at the settlement of our price plus or minus half the normal IG Index spread, and automatically reopened at the middle of our new opening price plus or minus half IG Index spread with a 40% concession applied, and plus or minus the Controlled Risk premium. This applies to Controlled Risk bets on all Index Futures, except FTSE, Wall Street, and FTSE/Wall Street differentials, which are closed with no IG Index spread and automatically reopened at the middle of our new opening price, plus or minus half the normal IG spread, and plus or minus the Controlled Risk premium.

If you have Stops or Limits on your Index Future bet when it is rolled over, we will, unless otherwise instructed, place the Stop or Limit on the new bet at the same level, but adjusted for fair value. For example, if the price of the new contract is 20 points higher than the expiring contract, your Stop or Limit would be rolled forward at your existing level plus 20 points. This applies to both guaranteed and non-guaranteed Stops and Limits.

a) Sectors bets can be made in two ways: as a Daily bet or as a Futures bet (Quarterly Bet). The expiry months for Quarterly Bets rotate on a March, June, September, December cycle. Prices are quoted for the current and next quarter month.

b) IG Index quotes an ‘all-in’ spread for sectors, which includes both our spread and market spread. The spread is usually calculated as a percentage of the current sector price as follows:

c) For Controlled Risk bets, a Controlled Risk premium of 3% is charged on the opening.

d) The deposit factor will normally be 10% of the price of the sector in question. Thus a sector priced at 2000 will normally incur a deposit 200 times the bet size.

e) Minimum bet sizes are as follows:

Sector price	Minimum bet size
0–999	£3 per point
1000+	£2 per point

f) Dealing hours: Monday–Friday, 08.15–16.30.

g) The last dealing day for Quarterly Bets will be the Tuesday before the 3rd Wednesday of the contract month.

h) Daily Bets will expire at the close of the exchange on the day they are struck if the Daily Autoroll flag is not set. The settlement will be at the ‘synthetic bid’ of the market (for long positions) or the ‘synthetic offer’ (for short positions). The ‘synthetic bid’ and ‘synthetic offer’ will be calculated by us on the basis of the official closing prices of the constituent shares of the sector in question.

Sectors markets

We offer bets on the following FTSE 350 sectors:

Aerospace & Defence Banks Beverages Chemicals Construction & Materials Electricity Electronic & Electrical Equipment Equity Investment Instruments Financial Services Fixed Line Telecoms Food & Drug Retailers Food Producers Gas, Water & Multiutilities General Retailers Household Goods & Home Construction

Industrial Engineering Industrial Transportation Leisure, Entertainment & Hotels Life Assurance Media Mining Oil & Gas Produers Oil Equipment & Services Pharmaceuticals & Biotechnology Real Estate Investment Trusts Software & Computer Services Support Services Technology Hardware & Equipment Tobacco