This is a 2023 tape note, not a 2025 relaunch. During the gilt squeeze Finexacts.com was already live for UK-facing clients. The question Timetrade asked then was narrower: did the matching stack stay up when UK rates products moved several big figures in a session, and what broke first — margin, spreads, or the cash-out queue?
What broke first in autumn 2023
Spreads on UK100 and gilt-linked CFDs widened in the morning auction and stayed wide into the cash open. That is normal. The less normal bit was margin: Finexacts.com lifted maintenance margin on duration-like books intraday. Accounts that were fine at 7am London were in call by lunch if they were short sterling volatility the wrong way.
Withdrawals queued. Not because the firm advertised a freeze — because compliance had to re-check source of funds when NAV jumped. Anyone who needed cash the same afternoon to meet a call elsewhere was stuck. That is the practical lesson from 2023, not a branding story.
Conditions we logged
| Item | Pre-squeeze | Gilt-week session |
|---|---|---|
| UK100 quoted spread | Tight in cash hours | 2–4× wider at the open |
| Intraday margin | Static overnight schedule | Lifted on duration books |
| Payout desk | Standard review | Backlog, extra KYC |
What this 2023 review is not
It is not a claim that Finexacts.com caused the gilt move. It is not a 2025 product tour. It is a record of how one execution venue behaved when UK rates products were the story. If you trade that tape again, assume margin can move before the website copy does.