RE: CFD'S

[Trevor.Nkkkkkkkkkkkkkkkk]

Philip,
The range is 20% to 40%. Roughly, 20% for index constituents through to 40%
for tech stocks. We quotes on all main market stocks in UK, Germany, Italy,
France, NYSE and NASDAQ.
Commission is 0.3%
Minimum account size is £20,000.
Interest is charges on longs, credited on short. 80% of dividends are
credited.
We can watch levels but not operate stops or oco. Neither are recognised
exchange orders.
We trade at the SETS price. You can deal-4-free, but it will cost you more
in the spread.

-----Original Message-----
From: Philip Nixon (L1) [mailto:philipnixon99@xxxxxxxxxxx]
Sent: 20 June 2000 21:13
To: Trevor.Neil@xxxxxxxxxxxx
Subject: Re: CFD'S


Trevor,

what is the margin (%) required?
what is minimum account size?
what are all-in trading costs/commsions?
will you work stop/limit/oco orders?

thanks

Philip



----- Original Message -----
From: <Trevor.Neil@xxxxxxxxxxxx>
To: <Shawn@xxxxxxxxxxxxxxxx>; <robert.cummings@xxxxxxxxxxxxxxxx>;
<omega-list@xxxxxxxxxx>
Sent: Tuesday, June 20, 2000 9:11 AM
Subject: RE: CFD'S


> We offer CFD trading facility too. There is an explanation on our site
> www.unioncal.com. No available to US investors though.
>
> -----Original Message-----
> From: Shawn Andrew [mailto:Shawn@xxxxxxxxxxxxxxxx]
> Sent: 19 June 2000 18:34
> To: robert.cummings@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: CFD'S
>
>
>
>
> robert.cummings@xxxxxxxxxxxxxxxx wrote:
>
> >
> > Anybody trading this now.
> >
> > Robert
> >
>
> YES  Indeed. Have been trading CFD's for the 6 months. Excellent for
> short positions. I have been trying to bring it to the attention of many
> US traders but finally realized foreign Brokerage firms are fobidden to
> offer CFD contracts to individual US investors. With only a margin
> requirement of  20% Midas allows one to trade practically most Nasdaq
> stocks.
> Another Company offering CFD's with live realtime free quotes is CMCPLC.
>
> It offers what Single stock futures will probably offer when they are
> finally allowed.
>
> Regards
> Shawn
> --
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> Ricercar Fund /SA "Quarendo Invenietis"
> http://www.RicercarFund.com
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> you make when right and how much you do not lose when wrong." ... George
> Soros
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>