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Q. What hours can I trade
A. Interactive Investor Spread Betting dealers are available 24 hours a day
Q. Do I get a contract note
A. For all deals placed over the telephone, you will receive a contract note either via post or email. For online trades you have the option of printing out the trade confirmation
Q. How do I place an order
A. For all questions concerning orders and how to use them, please refer to the Orders FAQs below and also in our How To section
Q. What is 'rolling over'?
A. A roll over gives you the opportunity to take your view on for longer than one contract. When 'rolling over' you incur the profit or loss on that contract and then enter into the next contract period at our current futures price. The advantage of rolling over is that you do not pay spread on closing and you are not exposed to adverse market movements if you closed the trade out.
Q. How do I 'rollover' a contract?
A. To roll over a contract call our dealing desk prior to the contract expiry. Contract expiry dates can be accessed from the information button in the client area
Q. When a share goes ex-dividend, what adjustments are made to the rolling and future contract(s) involved

A. Future contracts - the dividend adjustment is already reflected in our price, so no effect is seen in the level of the bet on ex-dividend day.

Rolling contracts - when a share goes ex-dividend, we adjust the price accordingly to reflect the payment of the dividend. This is best explained by the following example:

Day 1

You sell £4 of 'ABC Group Rolling' @ 250p to open. ABC Group Rolling closes on Tuesday at 240p.

You would realise the profit: (250p-240p) x £4 = 10 x £4 = £40 . Please note - there could equally be losses if the price moves against you.

Day 2

Ex-date of 5p dividend in ABC Group, you enter the ABC Group Rolling trade as a £4 sell @ the opening price of 235p.

In this scenario, you do not make any profit or loss from the adjustment alone. This is because with rolling contracts, the profit or loss made each day is calculated from the difference between the open and close of that day, this does not take into account the previous close.

Hence, dividend adjustments do not affect the profit/loss for rolling or futures trades.
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