Stock Indices: Contract Details
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Our Stock Indices are based on the cash price of the underlying index.
Stock indices information table - standard contracts
| Index and dealing hours (7) | Value of one contract (per index point) (3) | Dealing spread (1) | Limited Risk premium (2)(6) | Margin Requirement (per contract) (12) |
|---|---|---|---|---|
Popular markets | ||||
| FTSE 100 24 hours (4) |
£10 | 2 (5) | 3 | £400/£2000 |
| Wall Street 24 hours (4) |
$10 | 4 (6) | 4 | $800/$4000 |
| US SPX 500 24 hours (4) |
$250 | 0.5 (0.7) | 0.4 | $2000/$14,250 |
| Germany 30 24 hours (4) |
E25 | 2 (7) | 3 | E1000/E6250 |
| Hong Kong HS42 24 hours (4) |
HK$50 | 12 (40) | 20 | HK$10,000/HK$60,000 |
| Japan 225 24 hours (4) |
$5 | 8 (30) | 20 | $500/$2500 |
North- and Central American markets | ||||
| Canada 60 06.00-09.00; 09.30-16.15 |
CAD200 | 1 | 1 | CAD9600 |
| Mexico 35 07.30-15.00 |
MXN50 | 40 | 40 | MXN115,000 |
| US Russ2000 01.00-23.00 (UK time) |
$500 | 0.3 | 0.3 | $26,500 |
| US Tech 100 24 hours (4) |
$100 | 1 (2) | 2 | $1500/$10,000 |
European markets | ||||
| Belgium 20 09.00-17.30 |
E10 | 8 | 5 | E2900 |
| Denmark 20 09.02-16.50 |
DKK100 | 0.4 | 0.3 | DKK1700 |
| EU Stocks 50 24 hours (4) |
E10 | 2 (4) | 2 | E300/E1720 |
| France 40 24 hours (4) |
E10 | 2 (6) | 2 | E300/E2400 |
| FTSE 250 08.15-16.30 |
£10 | see note (9) | see note (9) | £3000 |
| Germany Mid-Cap 50 07.00-21.00 |
E5 | 8 | 5 | E3200 |
| Germany Tech 30 07.00-21.00 |
E10 | 2 | 1 | E600 |
| Greece 20 12.15-19.20 |
E5 | 3 | 4 | E1000 |
| Hungary 12 09.05-16.30 |
HUF50 | 180 | 200 | HUF65,000 |
| Italy 40 24 hours (4) |
E5 | 10 (40) | 10 | E1250/E7500 |
| Netherlands 25 07.00-21.00 |
E200 | 0.3 | 0.5 | E5000 |
| Norway 25 09.00-16.20 |
NOK100 | 0.5 | 0.5 | NOK2500 |
| Poland 20 09.30-17.30 |
PLN50 | 8 | 10 | PLN7500 |
| Portugal 20 24 hours (4) |
E1 | 30 (50) | 10 | E755 |
| Spain 35 24 hours (4) |
E10 | 5 (18) | 4 | E1500/E9000 |
| Sweden 30 24 hours |
SEK100 | 0.5 (1.5) | 1 | SEK1000/SEK6000 |
| Switzerland Blue Chip 06.50-21:00 |
CHF10 | 4 | 4 | CHF5550 |
| Turkey 30 07:15-15:35 |
TRY5 | 100 | 50 | TRY7000 |
| Techmark 08.15-16.30 |
£10 | see note (9) | see note (9) | £1200 |
Asian, Australian and South African markets | ||||
| Australia 200 24 hours (4) |
A$25 | 2 (5) | 3 | A$1000/A$5000 |
| China H-Shares 09.45-12.30; 14.30-16.15 |
HKD50 | 20 | 20 | HKD46,000 |
| India 50 12.25-18.15 (7) |
$10 | 4 | 6 | $4700 |
| Japan All-Share 09.00-11.00; 12.30-15.10 |
JPY10,000 | 2 | 1 | JPY360,000 |
| Korea 200 01.00-07.15 |
KRW5000 | 20 | 20 | KRW15,450,000 |
| Singapore Blue Chip 24 hours (4) |
SGD200 | 0.2 (1) | 0.2 | SG3400 |
| South Africa 40 24 hours (4) |
ZAR50 | 12 (30) | 6 | ZAR70,000 |
| Taiwan Index 01.45-06.50; 07.45-18.00 |
$100 | 0.4 | 0.2 | $2500 |
Stock indices information table - GBP denominated contracts
| Index and dealing hours (7) | Value of one contract (per index point) (3) | Dealing spread (1) | Limited Risk premium (2)(6) | Margin Requirement (per contract) (12) |
|---|---|---|---|---|
| Wall Street 24 hours (4) |
£1 | 4 (6) | 4 | £80/£400 |
| US SPX 500 24 hours (4) |
£1 | 0.5 (0.7) | 0.4 | £8/£57 |
| Germany 30 24 hours (4) |
£1 | 2 (7) | 3 | £50/£250 |
| France 40 24 hours (4) |
£1 | 3 (7) | 2 | £40/£240 |
Stock indices information table – mini contracts
| Index and dealing hours (8) | Value of one mini contract (per index point) (3) | Dealing spread (1) | Limited Risk premium (2)(6) | Margin Requirement (per contract) (12) |
|---|---|---|---|---|
Popular markets | ||||
| FTSE 100 24 hours (4) |
£2 | 2 (5) | 3 | £80/£400 |
| Wall Street 24 hours (4) |
$2 | 4 (6) | 4 | $160/$800 |
| US SPX 500 24 hours (4) |
$50 | 0.5 (0.7) | 0.4 | $400/$2850 |
| Germany 30 24 hours (4) |
E5 | 2 (7) | 3 | E200/E1250 |
| Hong Kong HS42 24 hours (4) |
HK$10 | 12 (40) | 20 | HK$2000/HK$12,000 |
| Japan 225 24 hours (4) |
$1 | 8 (30) | 20 | $100/$500 |
North- and Central American markets | ||||
| Canada 60 06.00-09.00; 09.30-16.15 |
CAD40 | 1 | 1.0 | CAD1920 |
| Mexico 35 07.30-15.00 |
MXN10 | 40 | 40 | MXN23,000 |
| US Russ2000 01.00-23.00 (UK time) |
$100 | 0.3 | 0.3 | $5300 |
| US Tech 100 24 hours (4) |
$20 | 1 (2) | 2 | $300/$2000 |
European markets | ||||
| Belgium 20 09.00-17.30 |
E2 | 8 | 5 | E580 |
| Denmark 20 09.02-16.50 |
DKK20 | 0.4 | 0.3 | DKK340 |
| EU Stocks 50 24 hours (4) |
E2 | 2 (4) | 2 | E60/E344 |
| France 40 24 hours (4) |
E2 | 3 (7) | 2 | E60/E480 |
| FTSE 250 08.15-16.30 |
£2 | see note (10) | see note (10) | £600 |
| Germany Mid-Cap 50 07.00-21.00 |
E1 | 8 | 5 | E640 |
| Germany Tech 30 07.00-21.00 |
E2 | 2 | 1 | E120 |
| Greece 20 12.15-19.20 |
E1 | 3 | 4 | E200 |
| Hungary 12 09.05-16.30 |
HUF10 | 180 | 200 | HUF13,000 |
| Italy 40 24 hours (4) |
E1 | 10 (40) | 10 | E250/E1500 |
| Netherlands 25 07.00-21.00 |
E40 | 0.3 | 0.5 | E1000 |
| Norway 25 09.00-16.20 |
NOK20 | 0.5 | 0.5 | NOK500 |
| Poland 20 09.30-17.30 |
PLN10 | 8 | 10 | PLN1500 |
| Spain 35 24 hours (4) |
E2 | 5 (18) | 4 | E300/E1800 |
| Sweden 30 24 hours (4) |
SEK20 | 0.5 (1.5) | 1 | SEK200/SEK1200 |
| Switzerland Blue Chip 06.50-21:00 |
CHF2 | 4 | 4 | CHF1100 |
| Turkey 30 07:15-15:35 |
TRY1 | 100 | 50 | TRY1400 |
| Techmark 08.15-16.30 |
£2 | see note (10) | see note (10) | £240 |
Asian, Australian and South African Markets | ||||
| Australia 200 24 hours (4) |
A$5 | 2 (5) | 3 | A$200/A$1000 |
| China H-Shares 09.45-12.30; 14.30-16.15 |
HKD10 | 20 | 20 | HKD9,200 |
| India 50 12.25-18.15 (8) |
$2 | 4 | 6 | $940 |
| Japan All-Share 09.00-11.00; 12.30-15.10 |
JPY2000 | 2 | 1 | JPY72,000 |
| Korea 200 01.00-07.15 |
KRW1000 | 20 | 20 | KRW3,090,000 |
| Singapore Blue Chip 24 hours (4) |
SGD40 | 0.2 (1) | 0.2 | SGD680 |
| South Africa 40 24 Hours (4) |
ZAR10 | 12 (30) | 6 | ZAR14,000 |
| Taiwan Index 01.45-06.50; 07.45-18.00 |
$20 | 0.4 | 0.2 | $500 |
Stock Indices (Forward) Information Table
| Index and dealing hours (Local times unless stated) |
Value of one contract (per index point) |
Dealing spread (1) |
Limited Risk premium (2) |
Margin Requirement (per contract) (12) |
|---|---|---|---|---|
Popular markets | ||||
| FTSE 100 24 hours |
£10 | 4 (8) | 3 | £400/£2000 |
| Wall Street 24 hours |
$10 | 6 (10) | 4 | $800/$4000 |
| US SPX 500 24 hours |
$250 | 1 | 0.5 | $2000/$14,250 |
| Germany 30 24 hours |
E25 | 6 (12) | 3 | E1000/E6250 |
| Hong Kong HS42 24 hours |
HKD50 | 30 (50) | 20 | HKD10,000/HKD60,000 |
| Japan 225 24 hours |
$5 | 20 (30) | 20 | $500/$2500 |
North- and Central American markets | ||||
| Canada 60 06.00-09.00; 09.30-16.15 |
CAD200 | 1 | 1 | CAD9600 |
| Mexico 35 07.30-15.00 |
MXN50 | 50 | 50 | MXN115,000 |
| US Russ 2000 01.00-23.00 (London time) |
$500 | 0.6 | 0.5 | $26,500 |
| US Tech 100 24 hours |
$100 | 4 | 2 | $1500/$10,000 |
European markets | ||||
| Austria 20 09.00-17.30 |
E10 | 10 | 5 | E2000 |
| Belgium 20 09.00-17.30 |
E10 | 10 | 5 | E2900 |
| Denmark 20 09.02-16.50 |
DKK100 | 0.6 | 0.3 | DKK1700 |
| EU Stocks 50 24 hours |
E10 | 2 (4) | 2 | E300/E1720 |
| France 40 24 hours |
E10 | 4 (8) | 2 | E300/E2400 |
| Germany Mid-Cap 50 07.00-21.00 |
E5 | 10 | 5 | E3200 |
| Germany Tech 30 07.00-21.00 |
E10 | 2 | 1 | E600 |
| Greece 20 12.15-19.20 |
E5 | 4 | 4 | E1000 |
| Hungary 12 09.05-16.30 |
HUF50 | 200 | 200 | HUF65,000 |
| Italy 40 24 hours |
E5 | 16 (44) | 10 | E1250/E7500 |
| Netherlands 25 07.00-21.00 |
E200 | 0.3 | 0.5 | E5000 |
| Norway 25 09.00-16.20 |
NOK100 | 0.7 | 0.5 | NOK2500 |
| Poland 20 09.30-17.30 |
PLN50 | 10 | 10 | PLN7500 |
| Spain 35 24 hours |
E10 | 8 (18) | 4 | E1500/E9000 |
| Sweden 30 24 hours |
SEK100 | 0.7 (1.5) | 1 | SEK1000/SEK6000 |
| Switzerland Blue Chip 06.50-21.00 |
CHF10 | 8 | 4 | CHF5550 |
| Turkey 30 07:15-15:35 |
TRY5 | 100 | 50 | TRY7000 |
Asian, Australian and South African markets | ||||
| Australia 200 24 hours |
AUD25 | 3 (7) | 3 | AUD1000/AUD5000 |
| China H-Shares 09.45-12.30; 14.30-16.15 |
HKD50 | 20 | 20 | HKD46,000 |
| India 50 12.25-18.15 (Singapore time) |
$10 | 6 | 6 | $4700 |
| Japan All-Share 09.00-11.00; 12.30-15.10 |
JPYY10000 | 2 | 1 | JPYY290,000 |
| Korea 200 01.00-07.15 |
KRW5000 | 20 | 20 | KRW15,450,000 |
| Singapore Blue Chip 24 hours |
SGD200 | 0.2 (1) | 0.2 | SGD3400 |
| South Africa 40 24 hours |
ZAR50 | 12 (30) | 6 | ZAR70,000 |
| Taiwan Index 01.45-06.50; 07.45-18.00 |
$100 | 0.4 | 0.2 | $2500 |
Other markets | ||||
| US Dollar Basket 07.00-20.00; 00.00-03.00 |
$10 | 20 | 10 | $1995 |
| VIX (Volatility) 14.30-21.15 |
$1000 | 0.1 | 0.05 | $6000 |
Stock Indices (Mini-forward) Information Table
| Index and dealing hours (Local times unless stated) |
Value of one contract (per index point) |
Dealing spread (1) |
Limited Risk premium (2) |
Margin Requirement (per contract) (12) |
|---|---|---|---|---|
Popular markets | ||||
| FTSE 100 24 hours |
£2 | 4 (8) | 3 | £80/£400 |
| Wall Street 24 hours |
$2 | 6 (10) | 4 | $160/$800 |
| US SPX 500 24 hours |
$50 | 1 | 0.5 | $400/$2850 |
| Germany 30 24 hours |
E5 | 6 (12) | 3 | E200/E1250 |
| Hong Kong HS42 24 hours |
HK$10 | 30 (50) | 20 | HK$2000/HK$12,000 |
| Japan 225 24 hours |
$1 | 20 (30) | 20 | $100/$500 |
North- and Central American markets | ||||
| Canada 60 06.00-09.00; 09.30-16.15 |
CAD40 | 1 | 1 | CAD1920 |
| Mexico 35 07.30-15.00 |
MXN10 | 50 | 50 | MXN23,000 |
| US Russ 2000 01.00-23.00 (London time) |
$100 | 0.6 | 0.5 | $5300 |
| US Tech 100 24 hours |
$20 | 4 | 2 | $300/$2000 |
European markets | ||||
| Austria 20 09.00-17.30 |
E2 | 10 | 5 | E200 |
| Belgium 20 09.00-17.30 |
E2 | 10 | 5 | E580 |
| Denmark 20 09.02-16.50 |
DKK20 | 0.6 | 0.3 | DKK340 |
| EU Stocks 50 24 hours |
E2 | 2 (4) | 2 | E60/E344 |
| France 40 24 hours |
E2 | 4 (8) | 2 | E60/E480 |
| Germany Mid-Cap 50 07.00-21.00 |
E1 | 10 | 5 | E640 |
| Germany Tech 30 07.00-21.00 |
E2 | 2 | 1 | E120 |
| Greece 20 12.15-19.20 |
E1 | 4 | 4 | E200 |
| Hungary 12 09.05-16.30 |
HUF10 | 200 | 200 | HUF13,000 |
| Italy 40 24 hours |
E1 | 16 (44) | 10 | E250/E1500 |
| Netherlands 25 07.00-21.00 |
E40 | 0.3 | 0.5 | E1000 |
| Norway 25 09.00-16.20 |
NOK20 | 0.7 | 0.5 | NOK500 |
| Poland 20 09.30-17.30 |
PLN10 | 10 | 10 | PLN1500 |
| Spain 35 24 hours |
E2 | 8 (18) | 4 | E300/E1800 |
| Sweden 30 24 hours |
SEK20 | 0.7 (1.5) | 1 | SEK200/SEK1200 |
| Switzerland Blue Chip 06.50-21.00 |
CHF2 | 8 | 4 | CHF1100 |
| Turkey 30 07:15-15:35 |
TRY1 | 100 | 50 | TRY1400 |
Asian, Australian and South African markets | ||||
| Australia 200 24 hours |
AUD5 | 3 (7) | 3 | A$200/A$1000 |
| China H-Shares 09.45-12.30; 14.30-16.15 |
HKD150 | 20 | 20 | HKD9,200 |
| India 50 12.25-18.15 (Singapore time) |
$2 | 6 | 6 | $940 |
| Japan All-Share 09.00-11.00; 12.30-15.10 |
JPYY2000 | 2 | 1 | JPY72,000 |
| Korea 200 01.00-07.15 |
KRW1000 | 20 | 20 | KRW3,090,000 |
| Singapore Blue Chip 24 hours |
SGD40 | 0.2 (1) | 0.2 | SGD680 |
| South Africa 40 24 hours |
ZAR10 | 12 (30) | 6 | ZAR14,000 |
| Taiwan Index 01.45-06.50; 07.45-18.00 |
$20 | 0.4 | 0.2 | $500 |
Other markets | ||||
| US Dollar Basket 07.00-20.00; 00.00-03.00 |
$2 | 20 | 10 | $399 |
| VIX (Volatility) 14.30-21.15 |
$200 | 0.1 | 0.05 | $1200 |
Settlement Information
Popular markets
FTSE 100
Last dealing day: Thursday prior to third Friday or previous business day of contract month. Settles: At the Exchange Delivery Price (EDSP) of the FTSE 100 as reported by Liffe on the last dealing day. The EDSP is based on an intraday cash market auction of the FTSE 100 which commences at 10.10 on the last trading day. Uncrossing of the component stocks should be finished by 10.30. Traded months: Current and next month, last month of current and next quarter.
Wall Street
Last dealing day: Thursday prior to the third Friday or previous business day of contract month. Settles: At the Special Opening Quotation (SOQ) of the DJIA. The SOQ is calculated from the sequence of opening prices of the 30 DJIA stocks on the NYSE. Traded months: Current and next month, last month of current and next quarter.
US SPX 500
Last dealing day: Business day preceding third Friday, or previous business day of contract month. This contract can be dealt in until 21:15 London time on the last dealing day. Settles: At the Special Opening Quotation of the S&P 500. Traded months: March, June, September, December
Germany 30
Last dealing day: Third Friday (or previous business day) of contract month. Settles: Based on prices of the component shares of the respective index as determined in an intraday auction starting at 13:00 CET in the electronic trading system Xetra. Traded months: March, June, September, December.
Hong Kong HS42
Last dealing day: Business day preceding last Hong Kong business day of month. Please note that this contract can only be dealt in until 16.00 Hong Kong time on the last dealing day. Settles: At the settlement price of the Hang Seng on the last dealing day on the Hong Kong Futures Exchange. The settlement price is the average of the Hang Seng at five-minute intervals, rounded down to the nearest whole number, on the last trading day. Quoting for the following month begins during the last week of the current trading month.
Japan 225
Last dealing day: Business day preceding second Friday or previous business day of contract month. This contract can be dealt in until 21.15 London time on the last dealing day. Settles: At the special opening quotation of the Nikkei 225 Stock Average, on the day following the last dealing day, which is used to settle the Nikkei 225 futures at the Osaka Securities Exchange, rounded to the nearest 1/10th of an index point. Traded months: March, June, September, December.
North- and Central American markets
Canada 60
Last dealing day: Trading day prior to third Friday of contract month. Settles: Based on the Official Opening Level of the S&P/TSX 60 as reported by Bourse de Montreal on the third Friday (this is the day after the last trading day). Traded months: March, June, September, December.
Mexico 35
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the MEX BOLSA Index Future on the Mexican Derivatives Market. Traded months: Quarterly – March, July, Sep, Dec.
US Tech 100
Last dealing day: Business day preceding third Friday, or previous business day of contract month. Settles: At each day’s official settlement price of the NASDAQ-100. The settlement value is calculated basis the NASDAQ Official Opening Price (NOOP) of the constituent stocks of the index. Traded months: March, June, September, December.
US Russ2000
Last dealing day: Thursday before third Friday of contract month. Settles: Based on the Final Settlement Price of the Russell 2000 futures. Traded months: Current liquid month.
European markets
Austria 20
Last dealing day: Third Friday of contract month. Settles: Based on the settlement price of the Austrian Traded Index reported by Wiener Borse on the first banking day following the IG last trading day. Traded months: All liquid months.
Belgium 20
Last dealing day: Third Friday of contract month. Settles: Based on the average of values of the BEL 20 Index, as published by Euronext Brussels, between 15.40 and 16.00 (Brussels time) on the last trading day.
Denmark 20
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the OMX Nordic Exchange Future on the Copenhagen Stock Exchange. Traded months: All months
EU Stocks 50
Last dealing day: Third Friday of contract month. Settles: At the average price of the Dow Jones Euro STOXX 50 values calculated between 11.50 and 12.00 CET on the last trading day, as reported by Eurex. Traded months: March, June, September, December.
France 40
Last dealing day: Third Friday of contract month. Settles: Basis the EDSP of the CAC 40 as reported by Euronext on the last trading day. The EDSP is calculated as the arithmetic mean (rounded to one decimal place) of the index values between 15.40 and 16.00 (Paris time and including the last value disseminated after 16.00) on the last trading day. Traded months: Current and next month.
Germany Mid-Cap 50
Last dealing day: Third Friday of the contract month. Settles: at the price of the M-Dax determined by Eurex during the intraday auction on the third Friday of the contract month. Traded months: March, June, September and December.
Germany Tech 30
Last dealing day: Third Friday (or previous business day) of contract month. Settles: Based on the final settlement value of the TechDAX as reported by Eurex on the last trading day. The settlement value is based on prices of the component shares of the index as determined in an intraday auction starting at 13.00 CET in the electronic trading system Xetra. Traded months: March, June, September, December.
Greece 20
Last dealing day: Third Friday of contract month or previous business day. Settles: Basis the final settlement price of the FTSE/ATHENS 20 Index Future on the FTSE/ATHENS Derivative Exchange. Traded months: March, July, September, December.
Hungary 12
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the BUX Exchange Future on the Budapest Stock Exchange. Traded month: December.
Italy 40
Last dealing day: Third Thursday of contract month. Settles: Based on the settlement price of the FTSE/MIB Index future as reported by Borsa Italiana. The settlement price is a value of the FTSE/MIB Index calculated on the basis of prices of shares in the index on the Friday after the last dealing day. Traded months: March, June, September, December.
Netherlands 25
Last dealing day: Third Friday of contract month. Settles: Based on the average of values of the AEX Index calculated at one-minute intervals between 14.30 and 15.00 on the last trading day. Traded months: March, June, September, December.
Norway 25
Last dealing day: Third Thursday of every month. Settles: Based the official closing price of the OBX Index Future on the Oslo Stock Exchange. Traded months: All months.
Poland 20
Last dealing day: Third Friday of contract month or previous business day. Settles: Basis the final settlement price of the WIG 20 Index Future on the Warsaw Stock Exchange. Traded months: March, July, September, December.
Spain 35
Last dealing day: Third Friday of contract month. Settles: Based on the average value of the IBEX 35 between 16.15 and 16.44 (Madrid time) on the day of expiry as reported by MEFF. Traded months: Current month and next month, where liquid.
Switzerland Blue Chip
Last dealing day: Trading day prior to third Friday of contract month. Settles: Based on the settlement value of the SMI as reported by Eurex on the third Friday of the contract month (this is the day following the last trading day). The settlement value is calculated on the basis of the virt-x opening prices of the SMI component shares on the third Friday. Traded months: March, June, September, December
Sweden 30
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the OMXS30 as reported by EDX London on the last trading day. The price is calculated using the previous day’s closing price of the OMXS30 futures and a volume weighted average price of the OMXS30 on the expiration day. Traded months: All months
Turkey 30
Last dealing day: The last business day of the contract month. Settles: Based on the official closing price of the ISE-30 Future on the Turkish Derivatives Exchange. Traded months: February, April, June, August, October, November.
Asian, Australian and South African markets
Australia 200
Last dealing day: Third Thursday of contract month. Settles: At the Special Opening Quotation (SOQ) of the S&P/ASX 200 on the last trading day calculated to one decimal place. The SOQ is calculated using the first traded price of each component stock in the S&P/ASX 200 on the last trading day, irrespective of when those stocks first trade in the ASX trading day. Traded months: March, June, September, December.
China H-Shares
Last dealing day: Trading day preceding last business day of contract month. Settles: Based on the final settlement price of the Hang Seng China Enterprises Index calculated on the trading day prior to the last business day of the contract month. Traded months: Current and next month.
India 50
Last dealing day: Last Thursday of contract month. Settles: Based on the official closing price of the CNX Nifty Index on SGX on the last Thursday of the contract month. Traded months: Current liquid month.
Japan All-Share
Last dealing day: Trading day preceding second Friday of contract month. Settles: Based on the Special Settlement Price of the relevant TOPIX futures contract as reported by the Tokyo Stock Exchange on the day after the last trading day. The Special Settlement Price is based on the opening prices of the component stocks on the business day following the last trading day. Traded months: March, June, September, December.
Korea 200
Last dealing day: Second Thursday of contract month. Settles: Based on the settlement price of the KOPSI 200 as reported by the Korean Futures Exchange on the day following the last dealing day. Traded months: March, June, September, December.
Singapore Blue Chip
Last dealing day: Second last Singapore trading day of contract month. Settles: Based on the Special Opening Quotation of the MSCI Singapore Free Index on the day following the last trading day, as reported by SGX. Traded months: Current liquid month.
South Africa 40
Last dealing day: Third Thursday of contract month. Settles: Based on the official settlement price of the FTSE/JSE Top 40 futures as reported by the JSE Securities Exchange on the third Thursday of the contract month. Traded months: Current liquid month.
Taiwan Index
Last dealing day: Trading day preceding the last business day of contract month. Settles: Based on the Special Settlement Price of the MSCI Taiwan Index as reported by SGX on the business day following the last trading day. Traded months: Current liquid month.
Other markets
US Dollar Basket
Last dealing day: Second business day prior to the third Wednesday of contract month. Settles: Based on the closing price of the US Dollar Index futures contract on NYBOT on our last dealing day. Traded months: March, June, September, December.
VIX (Volatility)
Last dealing day: Trading day prior to Wednesday, 30 days prior to third Friday of month following contract month. Settles: Based on the final settlement value of the volatility Index futures as reported by CBOE on the day following the last trading day. The final settlement value is determined from a SOQ of the index, which is calculated from the sequence of opening prices of the constituent SPX options. Traded months: Current liquid month.
Related Markets
| Stock index | Related expiry market |
|---|---|
Popular markets | |
| FTSE 100 | FTSE 100 |
| Wall Street | DJIA 30 |
| US SPX 500 | S&P 500 |
| Germany 30 | DAX 30 |
| Hong Kong HS42 | Hang Seng |
| Japan 225 | Nikkei 225 |
North- and Central American markets | |
| Canada 60 | S&P/TSX 60 |
| US Russ2000 | Russell 2000 |
| US Tech 100 | Nasdaq 100 |
European markets | |
| Belgium 20 | BEL 20 |
| EU Stocks 50 | Dow Jones Euro STOXX 50 |
| France 40 | CAC 40 |
| FTSE 250 | FTSE 250 |
| Germany Mid-Cap 50 | MDAX |
| Germany Tech 30 | TecDAX |
| Italy 40 | FTSE/MIB |
| Netherlands 25 | AEX |
| Norway 25 | OBX |
| Portugal 20 | PSI 20 |
| Spain 35 | IBEX 35 |
| Sweden 30 | OMXS30 |
| Switzerland Blue Chip | SMI |
| Turkey 30 | ISE 30 |
| Techmark | FTSE techMARK 100 |
Asian, Australian and South African Markets | |
| Australia 200 | S&P/ASX 200 |
| China H-Shares | Hang Seng China Enterprises |
| India 50 | Nifty Fifty |
| Japan All-Share | TOPIX |
| Korea 200 | KOSPI 200 |
| Singapore Blue Chip | Singapore Free Index |
| South Africa 40 | FTSE/JSE Top 40 |
| Taiwan Index | MSCI Taiwan |
Notes to tables
Our Stock Indices are special forms of CFD which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client.
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We quote an 'all-in' spread that includes both dealing spread and market spread. Dealing spreads are subject to variation, especially in volatile market conditions. Wider spreads apply when stock indices are quoted outside normal market hours; these are shown in brackets. In-hours spreads apply during the following times:
FTSE 100: 08.00–21.00
Wall Street: from the time after the opening of the NYSE when all the Dow stocks have traded (normally by 14.45) until 21.00
Japan 225: when either CME or SGX is open; i.e. 00.45–21.15 -
For Limited Risk transactions, a Limited Risk premium is charged on the opening.
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The minimum transaction size is one contract.
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24-hour dealing starts at 23.00 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday.
Please note that on Australia 200, 24-hour dealing starts at 23.00 (London time) on Sunday and finishes at 22.00 (London time) on the following Friday.
Please ask dealers for information about public holidays.
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Limited Risk positions are closed if the bid or offer price (bid price for long positions, offer for short positions) reaches the selected stop level. There may be nothing against which to measure our quotation, particularly at times when the underlying market is closed.
Our quotations, especially at such times, reflect our own view of the prospects for a market. Furthermore, business done by other clients may itself affect our quotations. If a price reaches one client's Limited Risk stop level, so that, for example, he sells to close a position, that sale may itself push our quotation down to a level at which another client's Limited Risk position has to be closed. -
The following note refers to cash markets only. Interest payments on Forwards are already factored into the underlying market price. CFDs on stock indices are Undated Transactions that do not expire (unless requested, please see note 13). For each day that a position is held adjustments are calculated to reflect the effect of interest and dividends. A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). These adjustments are posted daily to the client's account.
i) Interest adjustments are calculated as follows:
D = n x L x C x i / 365
Where:
D = daily interest adjustment
n = number of lots
L = lot size
C = underlying index price of 10pm (London time)
i = applicable annual interest rate
Note: The formula uses a 365-day divisor for the FTSE 100 and a 360-day divisor for non-UK markets.
Interest in respect of long positions is debited from a client's account and interest in respect of short positions is either credited to or debited from a client's account at rates which are agreed with each client.
ii) A dividend adjustment is applied when a component share passes its ex-dividend date (including the ex-date of any special dividend) in the underlying stock market. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account. -
Trading times are local times, except for the India 50 which is Singapore time.
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We will not charge any additional commission unless we notify you in writing.
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The dealing spread for FTSE 250 and Techmark is 0.45% of the underlying index level for both standard and mini contracts. The Limited Risk premium is 0.3% of the underlying index level.
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When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.
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Clients may request that an open stock-index position will expire on the day that the request is made.
We are unlikely to agree to such a request if either:
a) the size of the position or positions is larger than 10 contracts
b) the request is made less than two hours before the close of the related expiry market (below)On our agreement to an expiry request, the transaction or transactions in question will become an Expiry Transaction, and will automatically expire at the official closing price of the related expiry market, as listed on the 'Related Markets' tab, above.
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On certain markets, different initial margin rates apply depending on the type of account you hold. Where there are two margin requirements listed, the lower figure applies to the Trader Account and the higher figure to the Select Account. Please note that Tiered Margining applies; this means that higher margins may be required for large positions. Please see our Tiered Margining page for details.
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For most Forward market positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.
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Wall Street, US SPX 500, US Tech 100 and US Russ 2000 Forwards can be traded until 14.30 on the day of expiry. This means Stop or Limit Orders can be filled until this time.
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