Dear Client,

We would like to inform you of a number of changes to your CMC Markets' Spreadbet account.

Goldman Sachs

As you may be aware, Goldman Sachs recently made a 10% strategic investment in CMC Markets Plc. To ensure compliance with any SEC rules we are required to remove Goldman Sachs, (ticker GS (US)) as a tradeable instrument via Spreadbet.

The Instrument will be suspended on the platform from Friday 14th December 2007 and any client wanting to close their positions will be required to do so via telephone. Any remaining positions will be closed on Monday 14th January 2008.

UK Margin Changes

Previously the margins on UK stocks were staggered based on the liquidity of the underlying instrument and whether they traded on the SETS or SETSMM order book. The different bands were:

FTSE100 Top 30 Stocks
3%
All other SETS Stocks
5%
All SETSMM Stocks
10%

Due to the recent changes enforced through MiFID, SETSmm and SETS will be united to create a single powerful platform for the trading of the constituents of the FTSE All Share Index and higher-traded AIM securities. The combined service, called SETS, combines order-driven trading with integrated market making.

In order to clearly separate the different margins for the UK stocks we have have banded them via their relevant index. These changes will take place from Monday 14th January 2008 for new and existing positions.

FTSE100 Top 30 Stocks
3%
FTSE100 remaining stocks
5%
FTSE250
10%
FTSESmallcap
10%
FTSE AIM*
20%

*Please note, A select number of UK AIM stocks will be available to trade on Spreadbet effective Monday 14th January 2008. The above margins are CMC Markets' standard requirements, larger positions may generate a larger margin requirement.


Changes in pricing of ADR's

Due to changes in the pricing of the underlying American Depository Receipt's (ADR's), we will unfortunately no longer be offering an extended hours trading service from 16:30-21:00, for the following UK shares:

  • Royal Sun Alliance
  • BG Group
  • BNZL PLC
  • British Airways
  • ICI
  • International Power
  • United Utilities

    These shares will still be available to trade in official UK trading hours of 08:00-16:30. These changes will take place from Monday 14th January 2008.

    If you have any questions regarding this, please do not hesitate to contact the dealing desk on +44 (0) 20 7170 8202.

    Best regards

    The team at CMC Markets

    For quick answers to your account, software and dealing questions, please visit www.cmcmarkets.co.uk/help

     

    CMC Spreadbet Plc is authorised & regulated by the Financial Services Authority