Financial Spreads Offers 24 Hour Trading During the Scottish Referendum
FinancialSpreads, the London based spread betting and CFD trading company, will be trading a number of key markets throughout the night as Scotland votes on independence.
With polls showing a 50:50 split between the 'Yes' camp (Independence) and the 'No' camp (Better Together), the financial markets have become increasingly nervous.
FinancialSpreads has already seen a number of big market moves as investors alter their positions ahead of a possible win for the Yes campaign.
Against the dollar, Sterling is at its lowest level since November 2013.
Investors have been selling their holdings in companies that are based in Scotland. Babcock, Lloyds, RBS, Standard Chartered and Weir Group have all seen their share prices fall.
According to Adam Jepsen, the Founder of FinancialSpreads, the markets are taking an increasingly pessimistic view of a vote for independence.
"Traders have been happy to hit the sell button on the markets related to an Independent Scotland.
"While the American stock indices like the Dow Jones
and S&P 500
are trading around all time highs, the FTSE 100 index
continues to dither. Sterling doesn't seem to have many friends and firms based in Scotland are also looking unpopular.
"The polls have the referendum neck and neck and only a 51 percent majority is needed to secure victory. However, with just 4 million Scots eligible to vote, even with a high turnout, a relatively small number of people could make a big difference.
"By offering 24 hour markets† on GBP/USD
and the UK 100, investors will be able to trade the referendum as the exit polls give updated views on the possible result."
The polls open at 7am on September 18 and close at 10pm. The results are announced on 19 September.
Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
FinancialSpreads offers more than 3,000 spread betting and CFD markets which cover a broad range of stock indices, global shares, forex, commodities and treasuries markets.
The company also offers special markets including a grey market on the forthcoming Alibaba IPO and a new market each month on the US Nonfarm Payrolls employment data.
† 24 hour markets are available from 11pm Sunday evening to 9.15pm Friday evening.
FinancialSpreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Conduct Authority. LCG is a company registered in England and Wales under registered number: 3218125. Registered address, 2nd Floor, 6 Devonshire Square, London, EC2M 4AB.
Original press release: September 2014
- as of 14 Sept 2015, Financial Spreads is a trading name of Clear Investor Ltd. which is an appointed representative of FINSA Europe Ltd., company no: 07073413. FINSA Europe Ltd. is authorised and regulated by the Financial Conduct Authority, registered number 525164. Registered Address: 9th Floor, 30 Crown Place, London, EC2A 4ES, UK.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
By Adam Jepsen, 19 February 2014