Price Depth Ladder
Our Price Depth Ladder technology allows clients to enter trades greater than the normal market size in just one transaction. When trading in the largest sizes, we guarantee the same 100% execution as smaller transactions. The spread will widen according to the level of the transaction.
Watch Price Depth Ladder in action
Click here to view our Price Depth Ladder (Spread betting) video.
Normal size trades will still work off our normal pricing and spreads. When you enter an order quantity of a larger size, the Price Depth Ladder will automatically activate. There are up to ten levels of depth per product up to our maximum trade size, which often will be far greater than what other providers can offer.
The larger the trade size, the further the trade will appear down the price depth ladder relative to the liquidity in the market. Each level will offer a slightly wider spread to accommodate the larger trade size which will be greater than the normal market size. With some other providers, if you trade large positions, you could be forced to transact multiple positions to complete your trade and often at different price levels. With CMC Markets your trade is executed in one go, at one price.
If you enter a quantity that is above the volume available at the level 1 price then a "partial" order book is shown. This shows the level 1 price and volume at the top, and then the level that your order size can be transacted at. There are up to ten levels of price depth. To view all levels of price depth simply click on the 'Show More' icon to expand the price depth ladder.
An important point to note is that the "big price" shown on the ticket will be showing the selected level (this is also shown as bold in the order book). Take profit and stop loss price calculations are calculated off of this “big price” (as before), but obviously now the "big price" could be from any level in the order book.
Market Ticket showing “big price” corresponding to level 7 price user is hitting
The account history section will show you a historical snapshot of the Price Depth Ladder at the time of execution so that you can compare your executed price with the level one price for complete transparency.