Range of Markets

Financial Spread Betting Markets Explained – 88 Energy

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument. Below, please find further details on 88 Energy.

88 Energy

shares - Oil Gas Exploration and Production
Equity
Oil & Gas Exploration and Production
0.45% (7 pts max) (daily), 0.9% (8 pts max) (near future), 0.8% (7.5 pts max) (far future), 0.7% (7 pts max) (very far future)
88E
Oil & Gas Exploration and Production
1
0800-1630
£50
2.5% of current price
None
NTR: Position (GBP) % ***
0 - 21,277
18.00
21,277 - 85,106
40.00
85,106 - 1,276,596
75.00
1,276,596 +
100.00
Limited Risk NTR: Position (GBP) % ***
0 - 12,766
20.00
12,766 - 42,553
40.00
42,553 - 85,106
75.00
85,106 +
100.00
Rolling, Dec, Mar, Jun, Sep
Official day's closing price +/- spread.
Default

*Our spreads are in addition to the spread that exists in the underlying market, therefore our total spread can and will be variable, but this is as a result of the inherent bid/offer spread that exists on all shares on the different exchanges.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.