IB UK announces the launch of Contracts for Difference (CFDs), initially available on UK equities (FTSE 350 constituents).
Additional markets will be added over time, starting with European blue-chips, including constituents of the DAX30, CAC40, AEX, and Ibex35.
Interactive Brokers´ CFDs provide the same lower trading costs and superior technology that have been the cornerstone of Interactive Brokers Group´s" success for 34 years. The IB Group is a leading automated global electronic broker with equity capital in excess of $4.6 billion.
IB UK´s low CFD commission and financing rates are based on a transparent, volume-tiered rate schedule. As with other products, IB´s individual clients benefit from the same attractive rates as its institutional clients. Please see http://interactivebrokers.co.uk/en/main.php.
| Total | |||||||||||||
| FTSE 350 Constituents | Commission | Minimum | Financing* | Cost** | |||||||||
| Interactive Brokers | 0.02 - 0.05% | 3.00 | +/- 0.5 "´ 1.5%* | 0.07% | |||||||||
| CMC | 0.05% | 0.00 | +/- 2.5% | 0.10% | |||||||||
| City Index | 0.10% | 15.00 | +/- 2.5% | 0.15% | |||||||||
| IG | 0.10% | 10.00 | +/- 2.5% | 0.15% | |||||||||
| Saxo Bank | 0.10% | 8.00 | +/- 3.0% | 0.15% | |||||||||
| GFT | 0.10% | 7.00 | +/- 3.0% | 0.15% | |||||||||
| *GBP Libor + Spread Shown. IB offers lower spreads for larger positions | |||||||||||||
| ** GBP 100k trade held 5 days, highest IB commission tier |
Commission Comparison November 15, 2011.
Services vary by firm.
IB UK CFDs also offer:
- Smart-routed best bid/offer executions
- Up to 10-to-1 leverage
"We are all about the value we offer our clients," says Gerald Perez, Managing Director of Interactive Brokers (UK) Limited, "Customers benefit from ultra-low execution costs, low finance charges and the use of our award-winning technology (TWS)."
About Interactive Brokers Group, Inc.:
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, options, futures, foreign exchange instruments, bonds, and funds as a member of more than 90 electronic exchanges and trading venues worldwide. Interactive Brokers (U.K.) Limited is authorized and regulated by the Financial Services Authority in the United Kingdom (registration number: 208159) www.interactivebrokers.co.uk.
" Interactive Brokers Group and predecessor companies.
Please note: CFD trading is not suitable for all investors. Customers should read relevant risk warnings before investing. Due to leveraged nature of CFDs, losses may exceed value of original investment.
