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Finspreads Upgrades Trading Software

March 2005

Financial Spread Betting broker Finspreads has launched a new upgrade to its already solid trading platform.

Spread betting clients can now leave opening orders online AND attach other orders such as stop losses. This upgrades the previous software where it was only possible to add closing orders to open positions.

This is a major move on their part and gives a hell of a lot of flexibility to their clients.

For example: The FTSE 100 3 month Spread Bet is quoted at a mid-price of 5100. A client can now enter a limit order to go long (buy) at 5075 and work a stop loss if filled at 5055.

Summary of Order Types Handled

  • Opening Limit orders
  • Opening stop orders (clients may want to buy/short the market on a breakout)
  • Work OCO (one cancels the other) orders
  • Work Contingent (if done) orders

If you need help on what the different order types are and examples of how to use them please visit the Spread Bet Orders Section on the LearnMoney.co.uk website.

See Also
TOP STOCKMARKET SEARCHES FROM FIND.CO.UK
Online Brokers
Spread Betting
CFDs

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