Lower Stop Distances at ShortsandLongs

ShortsandLongs, the financial spread betting arm of Spreadex that specialises in offering free guaranteed stop loss orders has of today extended the hours one can place trades or amend orders. Not only that but tighter minimum stop distances are now possible.

The company announced that it has amended the minimum stop distances on markets so that they now widen at 8pm on all asset classes instead of at 4.30pm as in the past.

‘This means that traders will now have more time to decide on where to position stop loss orders on trades throughout the evening and that spreadbetters will need less money in their account to trade the indices, commodities or forex markets after 4.30pm.’

For example, if you place a £2 UK 100, Daily trade with ShortsandLongs you will now need just £44 in your account to place that trade up until 8pm (at a minimum stop distance of 20). After 8pm the minimum stop distance widens to 60 points, meaning you would need £124 in your account to place the same £2 UK 100, Daily trade.

Note that stops can remain below the widened 60 point minimum on UK 100, daily trades provided the trade was placed before 8pm. New trades placed after 8pm would have to have a stop placed at least 60 points away.

Full details about the new minimum stop distance hours for all financial instruments can be found on ShortsandLongs’ Market Information Sheet, which also details their market opening hours, minimum and maximum stake sizes and spread widths.

ShortsandLongs have also increased their maximum stake sizes on selected markets; SPX 500, Daily Future (£500), UK 100, Future (£100), Germany 30, Future (£100) and SPX 500, Future (£500).

Tags: ShortsandLongs, spreadex

This entry was posted on Thursday, January 21st, 2010 at 7:25 pm and is filed under Trading Platforms. 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.