Market Sell Order

• This works exactly the same way as a market buy order except you will be selling on the bid price
• If the FTSE 100 was again quoted at 4200-4204, then you'd be selling at 4200
• Market orders are the most common type of orders with spread bets.

Spread Bet Broker Re-Quotes

The financial markets can often move very quickly and therefore the spread betting brokers always have the prerogative to 'off' a quote and re-quote the client a different price.

• For example, say the US Federal Reserve suddenly and unexpectedly moved interest rates
• An announcement of this magnitude would likely send most financial assets into wild price fluctuations, both up and down

A spread bet broker may therefore be forced to re-quote his market several times a minute. A client may well call his broker for a quote only to be immediately told 'off'. This word 'off' means that the quote is no longer valid, and cannot be dealt on. The broker will then give another quote.

You cannot blame the spread bet broker for this because a) he's only doing his job and moving his quotes to match the sudden market moves, and b) it happens in all financial markets, spread bets or not. However until he states 'off' the price is still valid. All is not lost though because there is always the possibility that the re-quote will actually be a better price for the client. But sods law being what it is, expect a worse price!