As you are reading this, the momentous second share split has now taken place on Football INDEX! Traders already on the platform before the share split are now seeing their portfolios showing triple the number of futures - but of course at a third of their previous value.
And it seems those 'lower' value prices are already doing the business as traders are piling in to the top stars.
Most notable so far are Raheem Sterling, who on the back of an already huge uptake in value, has further risen to a post split price of £5.14 - easily breaking the £15 barrier in old money.
The other star riser has to be Neymar, who having passed £24 only a few days ago, is now trading at £8.50 which smashes him past the £25 mark in pre-split value!
Indeed, if we need any further proof of how traders have reacted to the market reopening, we only need to see the video in @FootballIndexUK tweet below!
Football INDEX should also be applauded for having executed the share split without any dramas or languishing technical issues. Sure, the market suspension was delayed by a further six hours until 12pm, but traders were given plenty of advance warning for this. And it seems those extra hours were worth the wait as so far we're yet to see any news of technical issues from the share split.
An important point to take note of is that the new maximum buy amount has been raised to 300 in keeping with the factor of 3 theme. This may catch some traders off guard who have become accustomed to hitting the 'buy max' button to purchase 100 futures.
Although not confirmed - and unlikely to ever officially be so - but it will be interesting to see what kind of numbers are required to move a player's price by 1p. This could be 300 up to a reported 900. We must stress though that Football INDEX have routinely denied that there is a set number of futures required to move a player's price and that it is in fact a fluid algorithm which controls this.
Finally, the biggest change that we'll all need to adjust to are comparing prices to their pre-split values. Seeing players listed at literal pence takes us back to the early days of the Index when you could pick up players like Isco for 50p!
One thing is for sure, the second Football INDEX share split looks to be a huge success and will surely draw in many new traders. This can only benefit everyone as the more traders on the platform, the more fluid the prices and more chances to turn a profit.
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