Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

spread betting

A financial spread bet is a way of trading on an asset, such as a share or a commodity, or even an entire market, such as the FTSE 100 index, without having to physically own that asset.

Spread betting involves taking two-way bets on the movement on assets such as foreign exchange, stock indices and commodity prices. An investor may make a bet while the spread betting firm acts as the counter party.

The spread betting firm quotes buying and selling prices in 'points' based on the actual price of...