The Spreadbet Pricer allows you to quickly convert a stock price (expressed in dollars) into a spreadbet price (expressed in points).
Access to the Spreadbet Pricer is reserved only to our Home Hedge Fund and WiseTraders Summit members.
Usage of this application is pretty straightforward. Simply select your position: “Buy” or “Sell” and enter your stock price.
Hit Calculate and the tool will instantly convert your stock price into a spreadbet price.
The spreadbet price is calculated by multiplying the stock price with a spreadbet price factor. This price factor is currently based on IG Index’s pricing algorithms.
In general, the stock price and the spreadbet price factor have an inverse relationship when buying and a positive relationship when selling.
This basically means that price deviations from the actual stock price tend to be smaller for higher-priced stocks.
We recommend double checking the spreadbet price against your broker’s prices as different brokers will have different pricing algorithms.
If you are “buying”, check the spreadbet price against your broker’s “Ask” price.
If you are “Selling”, check the spreadbet price against your broker’s “Bid” price.