Jump to content
House Price Crash Forum
Sign in to follow this  
ToilAndTrouble

Igindex Spread

Recommended Posts

June 2006 spread on IGIndex is down -4 from opening, to 154 (-5.3% YOY) from 158 (-2.8% YOY). The intervening periods are down similarly.

Bit of a bugger, cos I was going to place a bet.

Does anybody know what sort of money changes the index by that much?

T&T

Share this post


Link to post
Share on other sites
June 2006 spread on IGIndex is down -4 from opening, to 154 (-5.3% YOY) from 158 (-2.8% YOY). The intervening periods are down similarly.

Bit of a bugger, cos I was going to place a bet.

Does anybody know what sort of money changes the index by that much?

Hometrack, FT, Merv, Oil, hurricanes? Take your pick.

Could just be down to a handful of bulls losing their nerve.

Share this post


Link to post
Share on other sites
Hometrack, FT, Merv, Oil, hurricanes? Take your pick.

Could just be down to a handful of bulls losing their nerve.

I was more wondering how much money would have had to have been placed betting on a fall for it to move the index that much. Hundreds/point, thousands/point...?

Does anybody know how much is at stake on IGIndex? Betfair's value of matched bets on the house price index is extremely low.

T&T

Share this post


Link to post
Share on other sites

I was more wondering how much money would have had to have been placed betting on a fall for it to move the index that much. Hundreds/point, thousands/point...?

Does anybody know how much is at stake on IGIndex? Betfair's value of matched bets on the house price index is extremely low.

T&T

That is a pretty big shift in the price for a 6 month contract. The Halifax index was always very lightly traded when I was in the business but if there is another company offering the index to trade they will only make dramatic changes to the price very carefully to avoid being "arbed". I assume the other company's price has moved as well. If not give me the link and we could make some money!

The Fox

Share this post


Link to post
Share on other sites

why is this?

Because they couldn't successfully guess the future prices. Punters were taking them to the cleaners. The only suriving house price futures market is now at www.spreadfair.com. This one should last as there is no middle man. Traders place orders on the book for other to trade against.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.