Bradford and Bingley Spread Betting
Important Bradford & Bingley Note:
This page was created before Bradford & Bingley PLC shares were written down to zero on 30 September 2008. After this date the data below regarding spread betting on Bradford & Bingley became incorrect.
You can no longer spread bet on these shares.
This page is still maintained and listed as part of the Clean Financial Archive.
According to the FTSE website "Following the suspension of listing in Bradford & Bingley's ordinary shares and todays notice from H.M.Treasury announcing that it has acquired all the shares in Bradford & Bingley, FTSE announces the removal of the company from FTSE indices as follows:
"Bradford & Bingley's last traded price of 20p will be written down to zero within the published index values after market close today (i.e. effective Tuesday 30 September 2008)".
For more details on Bradford & Bingley PLC see: http://www.ftse.com/Indices/UK_Indices/.
Welcome to Clean Financial's guide to Bradford and Bingley spread betting.
Quick and simple answers to common Bradford and Bingley questions:
Q) Where can I Spread Bet on Bradford and Bingley?
Q) Where can I Trade for Free on Bradford and Bingley?
Q) How to Spread Bet on Bradford and Bingley?
Q) Where can I find Free Live Prices on Bradford and Bingley?
Q) Where can I find Free Bradford and Bingley Charts?
Where can I Spread Bet on Bradford and Bingley shares?
You can currently spread bet on Bradford and Bingley and other equities at:
You may also be able to spread bet on Bradford and Bingley with other companies.
Where can I Spread Bet on Bradford and Bingley shares for Free?
It depends upon what you mean by 'Free'
- Spread betting is not risk free. You can lose more than your initial investment.
- If you're looking for a free Demo Account where you can practice equities spread trading see below.
- Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
- You can also spread bet on Bradford and Bingley and other shares with no commissions and with no brokers fees at:
Free Demo Account
If you are looking for a free Practice Account / Test Account where you can trial spread betting, including shares like Bradford and Bingley, then you could try:
Each of the above currently offers a free demo account.
How to Spread Bet on Bradford & Bingley Shares?
As with many financial markets, you can spread bet on the future price of equities, like Bradford & Bingley shares, going up or down.
As it stands the Bradford & Bingley (March) spread is 291.7p - 293.0p with paddy power trader. This market expires on 18-Mar-08.
Therefore you can spread bet on Bradford & Bingley shares settling:
By the expiry date for this market, 18-Mar-08.
With UK equities trading, you trade in £x per penny, where a penny is 1p of Bradford & Bingley share price movement. Eg if your stake was £10 per penny and the Bradford & Bingley shares move 5p then that would be a £50 difference to your profit/loss.
- Higher than 293.0p, or
- Lower than 291.7p
Bradford & Bingley Example
Let's say, taking the above spread of 291.7p - 293.0p, that you have done your market research and think that the Bradford & Bingley shares will increase above the 293p mark by 18-Mar-08.
Therefore you buy at 293p for a stake of, let's say, £5 per penny.
And so let's say that by the settlement date the market closes at 311p. If so your profit / loss is worked out by taking the difference between the final price of 311p and the price you bought the spread at, 293p and then multiplying that by the stake per penny of share price movement.
Profit / loss = (311p - 293p) x £5 per penny stake.
Profit / loss = 18p x £5 per penny stake.
= £90 profit.
However had Bradford & Bingley shares gone down and closed at a lower value of 282p, then you would have lost.
Profit / loss = (282p - 293p) x £5 per penny stake.
Profit / loss = -11p x £5 per penny.
= -£55 loss.
Where can I Find Live Prices on Bradford and Bingley?
If you want to access live spread betting markets then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting companies listed on this site do not charge a fee to apply for an account.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread betting carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Where can I Find Candlestick Charts for Bradford and Bingley?
Like live prices, if you want to access to candlestick charts then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can often alter the charts to see market data by the minute, by the hour, by the week etc. There are also other settings that you can easily add such as Bollinger Bands and Moving Averages.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
Bradford and Bingley Spread Betting, sponsored by
You can spread bet on Bradford and Bingley with
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Bradford and Bingley Spread Betting' by DB, updated 03-Feb-11
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