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UK Shares Lot size change

March 7, 2014

Dear Client, 

HotForex would like to inform you that as of Monday 10th of March, lot size specifications of UK Shares CFD contracts listed under London Stock Exchange will be changed. 

Specifically as of this Monday, the Lot size contract will consist of 100 shares instead of 1 share per lot which is now. Therefore the minimum trade size will be reduced to 0.01 lots instead of 1 lot allowed now.

All other specifications of the contracts affected will remain the same. 

Please find below the list of the affected CFD shares and their new contract specifications:

Description

1 Lot Size

Used Margin

Spreads

Limit and Stop Levels

Commission

Point Value per share in USD

Anglo American

100 Shares

10%

1

1.5

0.10%

0.01 GBPUSD rate

Barclays

100 Shares

10%

0.11

0.15

0.10%

0.01 GBPUSD rate

BP Plc

100 Shares

10%

0.12

0.15

0.10%

0.01 GBPUSD rate

British Airways

100 Shares

10%

0.03

0.3

0.10%

0.01 GBPUSD rate

HSBC Holdings

100 Shares

10%

0.02

0.3

0.10%

0.01 GBPUSD rate

Lloyds TSB Group Plc.

100 Shares

10%

0.03

0.05

0.10%

0.01 GBPUSD rate

Rio Tinto Group

100 Shares

10%

1

1.5

0.10%

0.01 GBPUSD rate

Royal Bank Of Scotland Group Plc.

100 Shares

10%

0.2

0.3

0.10%

0.01 GBPUSD rate

Tesco Plc

100 Shares

10%

0.12

0.15

0.10%

0.01 GBPUSD rate

Vodafone

100 Shares

10%

0.08

0.1

0.10%

0.01 GBPUSD rate


Please note that the used margin requirements, commission charges, spreads, limit/stop levels and point value per Lot have all remained the same.

All open positions will be readjusted over the following weekend to represent the new parameters (reduced by 1/100th). The lot size of these positions will be divided by 100 so that the profit & loss posted to your account remain the same. Please see the below example:



CURRENT

AFTER MARCH 10th 2014

Open Date on Reports

1-Jan

1-Jan

Ticket Number

123456

123456

Open Lots of Vodafone

200

2

Profit/Loss per Tick on Position

$2

$2

Profit/Loss on Position

$200

$200

Margin Required

$50

$50


If you have any questions please do not hesitate to contact our dedicated customer support team via email, live chat, or by telephone on +44 2033185978.

Best regards,

The HotForex Execution Team

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