Isn’t it time you took off the blindfolds with your trading?
DMA CFD trading has been the preference of professional traders for many years now as it allows for trading the markets with complete transparency and full control of entry and exit levels, due to trading directly onto the stock exchange order book. Very few providers have offered this service to spread betters but, a new service www.ise-spreads.com is now looking to level the playing field for serious spread betters. The key benefit of DMA spread betting is that it allows a trader to act also as a market maker through posting their own bids and offers, queuing at different prices where ‘gaps’ appear, or at defined support/resistance levels. For some spread betters, perhaps the other major advantage is that the investor can be sure that the prices quoted are real time and accurate and that they will only ever be filled at a true market price and not some spurious spread bet firms own price - a major bug bear for many traders, particularly in volatile markets when stops get triggered even though the underlying price may not have reached that level.
Non DMA spread bet firms quote their own prices and, in what is a little known fact, they actually have no obligation to follow the quoted prices offered by the exchanges. At ISE Spreads, a small “spread” that is every bit as competitive, if not more so, than the traditional spread bet firms is added to the underlying market price that you trade at - effectively the same as a commission ISE’s spreads start at just 0.25 of a point on the FTSE for example.
54 | www.financial-spread-betting.com | November 2012