 Hello everyone, my name is Mariella, one of the client management team from CMC Markets and today I'm going to be giving you a brief explanation of the price depth ladder. So the benefit of the price depth ladder is that it allows you to execute much larger trades in a single transaction when entering a stake size larger than the normal market size or the level one price, which is the price you see when you open an order ticket on the platform. So the platform will use the price depth ladder to offer you different prices to execute your trade at depending on your position size. So the price depth ladder is designed to reflect in part the underlying order book per individual product, the bid offer prices available to trade by volume. It's not an exact representation of the order book in the market, rather a volume weighted average price. So there will always be a minimum amount of volume available at level one and a maximum at level 10. These levels vary product by product and depend whether you are on our CFD or our sprint betting platform. The volume available at each different level down the ladder to sell or to buy may vary throughout a trading session depending on the volume or liquidity available in the market at the time. Where a product is very liquid, there will generally be a much higher volume available to trade at level one. If we compare Euro against the dollar to the Swiss franc against the New Zealand Rand, we can see at level one here, we can buy or sell up to 251 pounds a point, whereas here we can only trade up to 60 pounds a point. So to allow clients to place larger bets or trades on a product, we will widen the spread accordingly. The lower down the ladder and order is filled, the wider the spread will become. That's all from me today. If you have any questions regarding the price step ladder, please feel free to reach out to us by the live help section of the platform. Thank you.