RUSSIA

Constance Investment limited provides Investment Services and Ancillary Services on the territory of Russian Federation.

Stocks

• Consider the following advantages of trading stocks at Constance Investment
• Commissions as low as $0.015 per US share all-in.
• View the number of shares that are available to short, as well as the current interest rate charged on borrowed shares and the current Fed Funds rate in the Constance Trading Platform (CBP), or use our Short Stock Availability Tool, a fully electronic, self-service utility, to search for real-time availability of shortable stocks to be traded in your margin account.
• Trade large or complex orders with the help of an experienced broker at our Voice and Email Brokerage. Each broker on our trade desk has good trading experience, and will strive to get the best possible execution for your trades.

Options

• Our sophisticated trading technology is built by professionals for professionals, and offers significant benefits to options traders who are serious about their results.
• Commissions as low as $2.1 per US options contract.
• Our suite of Option Labs and advanced trading tools offer support to help you discover and implement optimal trading strategies. For example, our Probability Lab offers a practical way to think about options without the complicated mathematics, and the Option Strategy Lab lets you create simple and complex multi-leg option orders based on your own price and volatility forecast.
• T+2 accelerated stock settlement supports the purchasing of new shares to cover assigned options, thereby avoiding a potentially higher tax liability.
• Take advantage of CBPS real-time technical, fundamental and price/risk analysis tools.
• Trade large or complex orders with the help of an experienced broker at our Voice and Email Brokerage. Each broker on our trade desk has good trading experience, and will strive to get the best possible execution for your trades.

Futures and FOPs

Spot Forex

• No hidden price spreads, no markups, just transparent low commissions.
• Direct access to interbank quotes.
• Commissions as low as 0.6 basis points * Trade Size.
• ECN-like market structure.
• Currency Conversion and Cash Forex allow you to convert currencies and/or trade currencies with leverage.
• Multi-asset display.
• Automatic overnight position rolls.
• 22 trading currencies.
• Trade forex markets in our optimized FXTrader.
• Learn about the reduced cost of carry opportunities with IB's FX Auto Swap Program.

Contracts for Difference (CFDs)

Bonds

• Constance Investment offers electronic access to US and European corporate bonds, US government securities, US Municipal bonds, non-US Sovereign bonds in Asia and Europe, fixed income futures and fixed income options, all from a single account.
• Multiple fixed income instruments.
• Client bond quotes for trading in CBP.
• Comparable bonds all in one place.
• US corporate bonds scanner.
• Smartest routing with multiple bond market centers.
• Submit corporate and municipal bond RFQs.

Exchange Traded Funds (ETFs)

• Diversify yourportfolio with ETFs.
• Take advantage of short-term fluctuations in the market by trading ETFs in CBP just like stocks.
• Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs and leveraged ETFs.
• Take advantage of greater liquidity through hands-on trading like a stock.
• ETFs are supported in options trading and short selling.
• Enjoy greater transparency through daily reporting of the ETF's holdings.

ETFs vs Mutual Funds

• Benefit ETFs Mutual Funds.
• Diversification.
• Active fund management.
• Lower expense ratios.
• Hands-on intraday trading.
• Financial transparency.
• Portfolio Holding Reported Daily.
• Portfolio Holding Reported Semiannually or Quarterly.
• Options trading.
• Stagnant index.
• Short selling.
• Time control.
• Dividends reinvested automatically.

Mutual Funds

• US Mutual Funds.
• Our direct, low-cost policy allows us to offer mutual funds.
• We do not currently offer any mutual funds that include a front-end load.
• Your funds' value will be included as equity with loan value.
• Invest in more than 9,600 funds from over 175 families of mutual funds.
• We offer over 4,230 funds with No Transaction Fees.
• Most of our mutual funds are no-load.
• Active, professional fund management.
• Electronic-only prospectus delivery.
• Automatic dividend reinvestment.
• Unlike other market offered products, orders for mutual funds are submitted and collected during the trading day, and then submitted to the fund company at the close of New York trading. The fund companies then collect all orders from all brokers and determine a price for the day which is communicated back to the brokers. Clients seeking a transparent market environment with real-time price updates may want to consider trading ETFs as an alternative.

Offshore Mutual Funds

• Our non-US customers can invest in offshore mutual funds and enjoy increased access to global markets, greater diversification, and lower operating costs and management fees.
• All funds are denominated in US dollars.
• Be sure to check a fund's Offering Statement/Prospectus for important residency requirements.
• Trade settlement is T+3.
• Fund values are included as Equity with Loan Value when held over 30 days.
• Automatic dividend and capital gains reinvestment.
• Electronic-only prospectus delivery.
• Offshore funds are not available to U.S. and Canadian clients.

Metals

• Trading spot Gold and spot Silver gives you access to the London bullion market, which is the center for the international over-the-counter (OTC) market for gold and silver.
• Low, transparent commissions and financing rates.
• Efficient pricing in accessible quantities.
• Trade IB spot gold and IB spot silver alongside gold futures.
• Leveraged exposure.

Spreads and Combinations

• Whether you're trading pairs (stock-stock), option and stock combinations, straight option combinations, ETF and future combinations, or futures spreads, Constancemakes it easy.
• ComboTrader lets you choose from a selection of predefined combinations or create any customized combination of unlimited legs.
• SpreadTrader lets you instantly view and trade futures calendar spreads.
• Delta Neutral combinations are automatically computed.
• Risk Navigator displays real-time value at risk (VAR) on all positions across asset classes.
• ScaleTrader lets you set up and monitor large volume scale trades for stock-stock pairs and multi-leg combos.

Exchange for Physicals (EFPs)

• An Exchange for Physical (EFP) is a transaction in which you sell stock and buy it back for future delivery by buying a Single Stock Future (SSF), or you buy the stock and sell the SSF.
• Swap a long or short stock position for a Single Stock Future (SSF), combining the two legs into one EFP transaction.
• Increased leverage; SSFs have only a 20% margin requirement.
• Sell SSFs short on a downtick.

Indices

• Constance offers many commonly-used market index products as well as exchange-traded index futures around the world.
• Monitor key market movements over time by displaying and charting indices in CBP.
• Create continuous charts for index futures and index options.
• Compare the performance of your portfolio to selected indices using PortfolioAnalyst, our online reporting and analysis tool.
• Use as a reference for trading products such as ETFs, options and futures.