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GFT Offers New Exclusive UK CPI Futures Spread Bets and CFDs

Geschrieben

Inflation. The word itself can strike fear in the hearts of consumers and economists alike. But what if there was a way to seek profit from speculating on inflation? Now, you can, with the new UK consumer price index (CPI) Futures spread bets and CFDs, exclusively from GFT.

 

This unique new financial instrument is one more way GFT is offering their customers more choices and more opportunities to trade. And it doesn’t end there. Even more choices are on the way, as GFT will be adding U.S. and Euro-zone contracts in the near future.

 

Simon Mansell, COO, GFT, said the new products may be a great way for investors to hedge their portfolios and manage inflation exposure.

 

“By speculating on the rate of UK inflation, investors may be able to give themselves a cushion against inflation-related losses to their portfolios,” he said. “We’re extremely excited to offer this unique new financial instrument to our customers.”

 

Customers interested in speculating on UK inflation rates will be able to do so from 8 a.m. to 4:30 p.m., Monday – Friday, London time. The spread is five basis points on the closest month and ten basis points on other months. The margin is five percent and the currency of trade is the Great Britain pound.

 

But how does one speculate on the UK CPI? GFT’s current quote for the Sept. 2008 contract is 4.95-5.05. In other words, GFT expects the year-on-year (YoY) inflation for September to come in between 4.95 per cent and 5.05 per cent. If your analysis suggests that the actual figure may be higher, you may decide to buy £10 at 5.05.

 

If, when the official data is released, the figure comes in at 5.2 per cent, the GFT market would be settled at 5.20, offering you a profit of £(520 – 505) x 10 = £150.

 

Trades that are still open at the time of the CPI release will be settled based on the Office of National Statistics official release for UK CPI (EU-harmonised, YoY, non-seasonally adjusted percentage change in the index). Official revisions to data are disregarded.

 

For more information on speculating on UK CPI futures, see the accompanying UK CPI Futures Fact Sheet.

 

UK CPI Futures CDs and spread bets are available to trade immediately. Visit www.gftuk.com for for information or to sign up for an account.

 

 

About GFT

 

Based in London, GFT Global Markets UK Ltd. is a wholly owned subsidiary of the leading U.S. forex and futures dealing firm Global Futures & Forex, Ltd, and is related to the world-leading online forex dealing firm Global Forex Trading. This advantage allows GFT Global Markets to leverage the same pioneering trading technology and dealing practices GFT has developed since 1997.

 

GFT Global Markets UK Ltd. provides award-winning trading technology through DealBook® 360, which is designed for trading online spot foreign exchange trading, contracts for differences and financial spread betting. GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority. For more information, visit www.gftuk.com.

 

Contact:

 

Tim Gort

Manager of Marketing / Communications

616.942.3757

tgort@gftforex.com

 

Ryan Knott

Marketing / Communications Specialist

616.956.9273 x10168

rknott@gftforex.com

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