• All profits or losses are free of UK capital gains tax, however tax laws can change
• Ability to bet on Equity prices going down as well as up
• No expensive foreign exchange costs - bet on foreign equities in Sterling
• Low margin requirement - from as little as 10% of the contract value
• Rolling Bets
• Clear Pricing Policy
• Dividend Adjustments

City Index Equity Futures are available on UK, US and European Equities.

UK Equities

FTSE 350. Other Equities may be available on request.

Notes: SETS Equities, quoted on the electronic trading system are generally more liquid and can usually be quoted immediately.

NON-SETS Equities (SEAQ) are quoted by market makers on the underlying exchange in a fixed number of shares (usually normal market size, NMS, as defined by the London Stock Exchange) and can be very illiquid. It may be necessary for larger bets (with an equivalent underlying position greater than the NMS) for the trader to check the underlying market before quoting.

US Equities

Quoted on NYSE and NASDAQ - normally market capitalisation great than US $1 billion.

European Equities

Quoted on the major exchanges - normally market capitalisation greater than euro 1 billion.

General Notes

• Call the dealing desk to check whether an equity matches the above criteria.
• It may not be possible to place an opening down bet (sell) on some equities, especially those which are not liquid and of small market capitalisation, or an additional short term premium may be charged on opening bets.
• Clients should be aware that whilst it may be very easy to open a bet, this may not be the case when closing a bet, due to prevailing market conditions.

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