Wednesday 28 April 2010

Australian Reserve Bank trading

Peter Martin reminds us that the Aussies stopped Centrebet contracts on the Aussie Reserve Bank decision. But, apparently is still offering contracts: $1.20 for $1 on no change and $3 for a rate hike.

iPredict's contracts are at $0.67 for no change ($1 gets you $1.49); $0.31 for a 25 bp increase ($1 gets you $3.22); $0.02 for a 50 bp increase ($1 gets you $50). iPredict takes its 2% commission on profits at withdrawal.

Too bad the Australians aren't allowed to trade on iPredict; the prices are better.

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