Nervous Traders Turn Screw On Cfd Holders ; Market Round-Up

Evening Standard - London › March 20, 2008

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Summary

FURTHER cracks have appeared in financial markets as investors struggle to come to terms with the fallout from the subprime meltdown and global eco-nomic slowdown.

Because of recent market volatility and lack of cash in the system, nervous traders have started to jack up the price of margin calls in contracts for differ-ence (CFDs). Word is the likes of Man Group and Barclays have increased the margin call on liquid blue- chips such as Vodafone, up 1.1p at 149.7p, and HBOS, 23 3/4p dearer at 470p, by between 5% and 10%.

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Nervous Traders Turn Screw On Cfd Holders ; Market Round-Up

For less-liquid stocks such as Alliance & Leicester, 1/2p firmer at 502p, and Bradford & Bingley, 4p cheaper at 188 3/4p, the increase ranges from 10% to 20% while amon...

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