Spreadex expands Small Caps Coverage

Spread betting specialists Spreadex have recently expanded their coverage of AIM stocks by quoting an extra 300 small caps on their Spreadex website.

Spreadex will now effectively be trading small caps starting from a market capitalisation as low as £1 million with margin rates starting from 20%.

The St Albans-based company has made the move to support traders who like to speculate on share price movements of companies outside the FTSE 350 index.

Spokesman Andy MacKenzie was quoted saying: ‘Traditionally these types of companies have been very difficult for spread bettors to trade on as many firms do not offer spreads due to the illiquid nature of some of the stocks.’

‘When spreads can be obtained, often the amount of cash that an individual is required to pay upfront to place a trade can be prohibitive. We are trying to improve this situation for those who have an interest in the performance of these smaller firms.’

‘A long list of spreads on these smaller companies has been added to our existing share prices. However, if there are firms not listed who people wish to trade, we urge them to call our financial room on 08000 526 570 and we will do our best to accommodate their requests.’

Just to name some of the new companies now available to trade at Spreadex include: Timestrip, Angel Mining, Motive Television, Carlton Resources, Serabi Mining, Ariana Resources, Formjet and Beowulf Mining.

Tags: spreadex

This entry was posted on Thursday, March 4th, 2010 at 2:23 pm and is filed under Broker News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.