ODL Securities
ODL Securities is a derivatives and equities brokerage specialising in a wide range of products. We offer a diverse range of derivatives knowledge and experience, coupled with very favourable commission rates and provide our customers with telephone and online access to all major UK, US and European exchanges. We offer live online trading for derivatives and equities via ODL J-Trader and myBroker.
With just one account you are able to create, manage and protect your portfolio, trading futures, options on futures, equity and index options and equities on global exchanges.
The ODL Securities Team offers execution only and advisory services. Our customers range from the novice to the very experienced, including those who use derivatives for short term speculation and those who prefer to hedge existing share portfolios and enhance returns as part of a longer term strategy.
The key to successful trading is accessing exchanges via state-of-the-art trading platforms. We have therefore spent time developing the following services:
- ODL J-Trader, trade futures and options on futures on global exchanges
- myBroker, our live equity and index options trading platform
- Enigma, which generates emails with precise buy and sell signals for FTSE 100 shares
- A secure client site which provides live and dynamic daily positions and portfolio valuations for those who do not trade on-line
Training Seminars
We run regular seminars in London aimed at broadening your knowledge of derivatives trading. During our all day seminar you will learn about trading practicalities, options strategies, trading discipline and risk management. You will also be able to see the myBroker on-line trading platform and learn how to access equity and derivatives markets worldwide.
The seminars are open to clients and non-clients of ODL Securities, and take place on the last Friday of each month throughout the year. If you would like further details, please contact James Bateman at ODL Securities on +44 (0)20 7903 6150.
Access to Liffe Equities
ODL Securities offers direct access to all UK, US and major European derivatives and equities via ODL J-Trader and the myBroker trading platform, which provide customers with a very cost-effective method of trading derivatives online.
ODL Securities also provides a telephone trading service. All dealing clients have FREE access to live Liffe and other exchange data, saving you over £25 per month, and can trade a wide range of recognised strategy trades at competitive rates.
ODL Securities is a Liffe Market Designated Broker, a member of LIFFE, a member of the London Stock Exchange and is regulated and authorised by the Financial Services Authority.
Criteria for New Customers Wishing To Trade
You are able to open your account online. Go to www.odls.com and click on Accounts > Open. Once completed, application forms should be returned with a photocopy of a valid piece of identification (eg passport or driving licence) together with a copy of a recent utility bill to confirm your address. If you wish to start trading as soon as your account has been opened you can send a cheque made payable to ODL Securities Limited together with the application and ID. Alternatively you can make a debit card payment as soon as your account is open.
Broker Rates and Commissions
Online trading rates:
| FTSE 100 Index & Equity Options | £15 per trade flat rate plus £1.80 per contract |
| FTSE 100 Index Futures | Dependent on volume traded |
Telephone trading rates:
| Individual Equity Options | |
| Minimum Deposit | £500 (enough to fund purchases) |
| Commission |
1.5% on 1st 5k 1% on 2nd 5k 0.5% thereafter |
| Minimum Opening | £22.50 |
| Minimum Closing | £12.50 |
| Short positions | Yes |
| Margin | SPAN plus 25% |
| Additional Charges | £1.80 per lot |
| FTSE 100 Index Options | FTSE 100 Index Futures | |
| Minimum Deposit |
£500 (enough to fund purchases) |
SPAN margin plus 25% |
| Commission |
1.5% on 1st 5k 1% on 2nd 5k 0.5% thereafter |
£7 per lot |
| Minimum Opening | £22.50 | £7 |
| Minimum Closing | £12.50 | £7 |
| Short positions | Yes | Yes |
| Margin | SPAN plus 25% | SPAN plus 25% |
| Additional Charges | £1.80 per lot |
Additional Services for Customers
Enigma
ODL Securities offers Enigma, a technical trading system that uses mathematical equations to identify trends in stock markets and produces precise buy and sell signals on FTSE stocks.
Accessed via the Internet, it is very easy to use with no previous technical analysis experience required. Before subscribing you can back-test the software's past performance for many stocks.
You can select stocks and apply various risk parameters before including them in your portfolio. Throughout the trading day, data is collated and precise signals are generated and e-mailed directly to you. If you wish to trade on the back of signals received, limit orders can be placed the same evening or before the market opens the following morning.
Enigma identifies LOW RISK entry points in the chosen stock and either generates STOP LOSS signals based upon pre-defined risk levels or allows you to take scaled profits at pre-determined price levels. It provides you with essential trading discipline and helps to manage decisions in uncertain market conditions. Enigma is a robust trading system that uses the same parameters for each stock. It has not been "curve fitted" therefore it does not produce results in a back-test environment that cannot be replicated in a live trading environment. Curve fitted systems customise the trading rules differently for each market traded, producing unrealistic results.
Once satisfied with the back-test results, you may subscribe to one of two plans and receive a 14-day FREE trial.
- The Enigma Silver plan costs £14.95 per month and you will receive signals on your chosen 10 UK FTSE 100 stocks
- The Enigma Platinum plan costs £49.95 per month and you will receive signals on your unlimited chosen number of UK FTSE 100 stocks
Opt for an annual plan for any of the above and receive signals for 12 months for the price of 11.
Visit www.odlsecurities.com to find out more about Enigma and how to subscribe.
Investor Protection
In the event of default, the Clients of ODL Securities Limited are covered by the following:
Investors Compensation Scheme[1]
The scheme was established under the Financial Services Act 1986. The rules of the Scheme are made under that Act by the Financial Services Authority.
This scheme steps in when an authorised investment firm goes out of business and cannot repay money it owes its clients and is funded by levies on regulated firms. The scheme pays the first £30,000 of a valid claim in full and 90% of the next £20,000 - up to £48,000 for each investor in total.
These are detailed below:
Securities Industry Policy
Parts I & II: Direct Financial Loss
Part III: Errors & Omissions
Limit of Indemnity: GBP 3,000,000 each and every loss/claim.
Additionally, our Clearing Counter parties carry their own insurance policies.
If any further information is required, please do not hesitate to contact our Compliance Department on+44 (0) 20 7903 6100.
1 - Residents of non-EEA countries are not eligible for coverage by the Investors Compensation Scheme
How To Contact ODL Securities
Ian Thurgood and Andy Bibby
Tel: +44 (0) 20 7903 6150
Email: sales@odlsecurities.com
ODL Securities Limited
8th Floor
Northern & Shell Building
10 Lower Thames Street
London
EC3R 6AD
To open an account please go to www.odls.com and complete the online application or alternatively telephone +44 (0)20 7903 6150/6250.
ODL Securities has approved this promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000.