Spread Betting Stock Indices - Rolling (cash)
| Index | Symbol | Spread in (out of) market hours | IM Factor (Margin Req) | Trading Hours | Basis of rollover price and Interest Rate used for Finance Adjsutments | Min/ Max Size | † Tick Factor | Example Price | Guaranteed Stops (charge / minimum distance) | Underlying Index | Last Update |
| Australia 200 Index | .AUS200 | Day session 2 Night session 4 (underlying futures spread may be added) | 0.5% | 09:50 - 16:30 and 17:10 - 07:00 Sydney time during US daylight savings time; 09:50 - 16:30 and 17:10 - 08:00 Sydney time during non-US daylight savings time | BBA AUD LIBOR Spot Next rate at 17:00 New York time | 1 / 250 (100) | 1 index point | 5324 | 3 / 50 | S&P/ASX200™ | 12/5/2008 |
| EU Stocks 50 Index | .STOXX50 | 2 | 1% | 8:00 - 22:00 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 | 1 index point | 3804 | 3 / 100 | Dow Jones EURO STOXX50 Index™ | 12/5/2008 |
| France 40 Index | .F40 | From 1 to 6 points | 0.5% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 5613 | 2 / 50 | CAC40 Index™ | 11/30/2009 |
| Germany 30 Index | .DE30 | From 1 to 10 points | 0.5% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 6053 | 2 / 50 | Xetra DAX Index™ | 11/30/2009 |
| Hong Kong 40 Index | .HK40 | 25 | 1% | Local 09:45 - 12:30; 14:30 - 16:30 Hong Kong Time | HIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 16830 | 10 / 750 | Hang Seng Index™ | 11/13/2009 |
| Italy 40 Index | .IT40 | 10 | 1% | 09:00 - 17:40 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 37557 | 10 / 1000 | FTSE/MIB Index™ | 7/14/2010 |
| Japan 225 Index | .JP225 | From 5 to 8 points | 1% | 24 hours, but we do not quote the break in CME hours from 15:15 to 15:30 ET-1. Sundays open 17:00 ET-1, Fridays close 15:15 ET-1 | BBA JPY LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 8240 | 10 / 400 | SGX Nikkei 225 Futures Index™ | 7/26/2010 |
| Netherlands 25 Index | .N25 | From 0.2 to 0.6 points | 1% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1/2000 | 1 index point | 260.1 | 0.3 / 10 | AEX-Index™ | 11/30/2009 |
| Spain 35 Index | .ES35 | 5 | 1% | 09:00 - 17:35 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 11885 | 5 / 400 | IBEX-35 Index™ | 4/16/2009 |
| Switzerland 20 Index | .SWI20 | 3 | 1% | 08:00 - 17:27 CET | BBA CHF LIBOR Spot Next rate at 17:00 New York time | 1/500 | 1 index point | 5550.1 | 5 / 275 | SWX SMI Index™ | 4/20/2010 |
| UK 100 Index | .UK100 | From 1 to 6 points | 0.75% | 22:05 - 22:00 London time (i.e. 24 hours with a 5 minute gap) (Friday close 21:15, Sunday open 23:00 London time) | BBA GBP LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 6100 | 2 / 50 | FTSE 100™ | 11/30/2009 |
| UK 250 Index | .UK250 | 20 | 1% | 08:15 - 16:30 London Time | BBA GBP LIBOR Spot Next rate at 17:00 ET | 1 / 100 | 1 index point | 7901 | 20 | FTSE 250 cash index | 7/26/2010 |
| UK 350 Sectors | .UKNMXxxxx | 0.45% | Typically 5% to 10% (UK 350 BANKS sector is 25%) | 08:15 - 16:30 London time | BBA GBP LIBOR Overnight rate at 17:00 ET | 1 / 500 | 1 index point | 4500.5 | N/A | FTSE 350 ™ sectors indices | 7/23/2010 |
| US Small Cap 2000 Index | .US2000 | 0.4 | 1% | 20:00 - 18:00 (Friday closes 17:00) ET; Sunday opens 18:00 ET | BBA USD LIBOR Overnight rate at 17:00 ET | 1 / 500 | 1 index point | 722 | 0.5/ 5 | Russell 2000 Index Mini™ | 4/16/2009 |
| US SPX 500 Index | .US500 | 0.5 | 1% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 5,000 (1,000) | 1 index point | 1313.2 | .4 / 10 | S&P 500 Index™ | 12/5/2008 |
| US Tech 100 Index | .USTEC | 2 | 1% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 2,500 (500) | 1 index point | 1698 | 1 / 10 | Nasdaq 100™ | 7/26/2010 |
| US Wall Street 30 Index | .US30 | From 2 to 4 points | 0.75% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 11400 | 4 / 100 | DJIA Index™ | 5/24/2009 |
Spread Betting Stock Indices - Futures
| Index | Symbol | Spread in (out of) market hours | IM Factor (Margin Req) | Trading Hours | Basis of rollover price and Interest Rate used for Finance Adjsutments | Min/ Max Size | † Tick Factor | Example Price | Guaranteed Stops (charge / minimum distance) | Underlying Index | Last Update |
| Australia 200 Index | .AUS200 | Day session 2 Night session 4 (underlying futures spread may be added) | 0.5% | 09:50 - 16:30 and 17:10 - 07:00 Sydney time during US daylight savings time; 09:50 - 16:30 and 17:10 - 08:00 Sydney time during non-US daylight savings time | BBA AUD LIBOR Spot Next rate at 17:00 New York time | 1 / 250 (100) | 1 index point | 5324 | 3 / 50 | S&P/ASX200™ | 12/5/2008 |
| Austria 20 Index | 1 / 1000 | 1 index point | 4588.6 | 3 / 100 | ATX Index™ | 3/22/2010 | |||||
| Canada 60 Index | 1 / 500 | 1 index point | 750.8 | 1 / 20 | S&P/TSX 60 Index™ | 10/20/2008 | |||||
| China H-Shares Index | 1 / 500 | 1 index point | 17199 | 12 / 400 | Hang Seng China Enterprises Index™ | 10/20/2008 | |||||
| Denmark 20 Index | 1 / 500 | 1 index point | 414.85 | 1 / 15 | OMX C20 index™ | 12/5/2008 | |||||
| EU Stocks 50 Index | .STOXX50 | 2 | 1% | 8:00 - 22:00 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 | 1 index point | 3804 | 3 / 100 | Dow Jones EURO STOXX50 Index™ | 12/5/2008 |
| Euro Sector Futures | 1 / 500 | 1 Index point | 0 | n/a | Eurex | 5/12/2009 | |||||
| France 40 Index | .F40 | From 1 to 6 points | 0.5% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 5613 | 2 / 50 | CAC40 Index™ | 11/30/2009 |
| Germany 30 Index | .DE30 | From 1 to 10 points | 0.5% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 6053 | 2 / 50 | Xetra DAX Index™ | 11/30/2009 |
| Hong Kong 40 Index | .HK40 | 25 | 1% | Local 09:45 - 12:30; 14:30 - 16:30 Hong Kong Time | HIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 16830 | 10 / 750 | Hang Seng Index™ | 11/13/2009 |
| Hungary 14 Index | 1/25 | 1 index point | 25960 | 20/750 | BUX Index™ | 12/5/2008 | |||||
| India 50 Index (USD contract) | 1 / 250 | 1 Index point | 4420 | 3 / 150 | 7/28/2009 | ||||||
| Italy 40 Index | .IT40 | 10 | 1% | 09:00 - 17:40 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 37557 | 10 / 1000 | FTSE/MIB Index™ | 7/14/2010 |
| Japan 225 Index | .JP225 | From 5 to 8 points | 1% | 24 hours, but we do not quote the break in CME hours from 15:15 to 15:30 ET-1. Sundays open 17:00 ET-1, Fridays close 15:15 ET-1 | BBA JPY LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 8240 | 10 / 400 | SGX Nikkei 225 Futures Index™ | 7/26/2010 |
| Korea 200 Index | 1 / 500 | 1 index point (GFT price is 100 times greater than the price of underlying index) | 20750 | 20 / 600 | KOSPI 200 Index™ | 11/5/2009 | |||||
| Mexico 35 Index | 1 / 100 | 1 index point | 30298 | 30 / 800 | IPC Index™ | 12/5/2008 | |||||
| Netherlands 25 Index | .N25 | From 0.2 to 0.6 points | 1% | 23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET) | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1/2000 | 1 index point | 260.1 | 0.3 / 10 | AEX-Index™ | 11/30/2009 |
| Norway 25 Index | 1 / 500 | 1 index point | 346.85 | 1 / 10 | OBX index™ | 7/27/2009 | |||||
| Poland 20 Index | 1 / 500 | 1 index point | 3669.3 | 3 / 85 | WIG20 Index ™ | 7/27/2009 | |||||
| Singapore Blue Chip Index | 1 / 1000 | 1 index point | 454.8 | 2 / 10 | MSCI Singapore Index™ | 1/8/2010 | |||||
| South Africa 40 Index | 1 / 100 | 1 index point | 27800 | 10 / 700 | FTSE/JSE Africa Top 40 Index™ | 12/5/2008 | |||||
| Spain 35 Index | .ES35 | 5 | 1% | 09:00 - 17:35 CET | BBA EUR LIBOR Overnight rate at 17:00 New York time | 1 / 250 | 1 index point | 11885 | 5 / 400 | IBEX-35 Index™ | 4/16/2009 |
| Sweden 30 Index | 1 / 1000 | 1 index point | 1220.75 | 1 / 35 | OMX Stockholm 30 Index™ | 12/5/2008 | |||||
| Switzerland 20 Index | .SWI20 | 3 | 1% | 08:00 - 17:27 CET | BBA CHF LIBOR Spot Next rate at 17:00 New York time | 1/500 | 1 index point | 5550.1 | 5 / 275 | SWX SMI Index™ | 4/20/2010 |
| UK 100 Index | .UK100 | From 1 to 6 points | 0.75% | 22:05 - 22:00 London time (i.e. 24 hours with a 5 minute gap) (Friday close 21:15, Sunday open 23:00 London time) | BBA GBP LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 6100 | 2 / 50 | FTSE 100™ | 11/30/2009 |
| UK 250 Index | .UK250 | 20 | 1% | 08:15 - 16:30 London Time | BBA GBP LIBOR Spot Next rate at 17:00 ET | 1 / 100 | 1 index point | 7901 | 20 | FTSE 250 cash index | 7/26/2010 |
| UK 350 Sectors | .UKNMXxxxx | 0.45% | Typically 5% to 10% (UK 350 BANKS sector is 25%) | 08:15 - 16:30 London time | BBA GBP LIBOR Overnight rate at 17:00 ET | 1 / 500 | 1 index point | 4500.5 | N/A | FTSE 350 ™ sectors indices | 7/23/2010 |
| UK CPI Futures | 1 / 25 (max account position ?25 per account) | 0.01 | 4.55 | n/a | Consumer Price Index | 10/14/2008 | |||||
| US Dollar Index | 1 / 125 | 1 | 7952 | N/A | ICE Dollar Index | 11/5/2009 | |||||
| US Small Cap 2000 Index | .US2000 | 0.4 | 1% | 20:00 - 18:00 (Friday closes 17:00) ET; Sunday opens 18:00 ET | BBA USD LIBOR Overnight rate at 17:00 ET | 1 / 500 | 1 index point | 722 | 0.5/ 5 | Russell 2000 Index Mini™ | 4/16/2009 |
| US SPX 500 Index | .US500 | 0.5 | 1% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 5,000 (1,000) | 1 index point | 1313.2 | .4 / 10 | S&P 500 Index™ | 12/5/2008 |
| US Tech 100 Index | .USTEC | 2 | 1% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 2,500 (500) | 1 index point | 1698 | 1 / 10 | Nasdaq 100™ | 7/26/2010 |
| US Volatility Index | 1 / 50,000 | 1 | 43.45 | n/a | 4/20/2010 | ||||||
| US Wall Street 30 Index | .US30 | From 2 to 4 points | 0.75% | 24 hours, with a break from 15:15 to 15:30 Chicago time and 16:30 to 17:00 Chicago time. Sundays open 17:00 and Fridays close 15:15 Chicago time. | BBA USD LIBOR Overnight rate at 17:00 New York time | 1 / 500 (100) | 1 index point | 11400 | 4 / 100 | DJIA Index™ | 5/24/2009 |
† Tick Factor = the price increment representing 1 whole betting unit, by which P&L and both initial and variation margin is calculated. The Notional Value of your bet is Price*Stake/Tick Factor
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For Spread Bets on Rolling Stock Indices held overnight (i.e. after 22:00 UK time), a +/- 3% financing charge will apply. This is calculated as follows:
f = (s x p x r) / d where f = daily financing charge s = your stake p = closing price as determined by Accendo Financial Markets r = relevant interest rate, PLUS 300 basis points for long positions, or MINUS 300 basis points for short positions, e.g. (4.50% + 3.00%) = 7.50% d = number of days, i.e. 365 for UK andAustralian indices and 360 for all others Long (buy) rolling bet positions are debited the daily financing charge Short (sell) rolling bet positions are credited the daily financing charge |
Out of Hours Markets
Accendo Financial Markets will quote some markets outside of their respective regular trading hours (“out of hours”). When out of hours, spreads may widen and maximum trade sizes may decrease as indicated. If an order is triggered out of hours in size greater than our maximum out of hours trading size, the fill price may be adjusted accordingly in order to accommodate the entire order – unless the order in question is a guaranteed stop loss order. Out of hours spreads are indicated in brackets on the Product Info sheets. Our "Out of Hours" quotes are based on but not restricted to movements in other indices when available; movements in other financial markets such as the spot forex markets; news flow; and customer order flows.
| Market | Out of Hours Times |
|
UK 100
Germany 30 France 40 US Wall Street 30 US SPX 500 US Tech 100 Australia 200 Japan 225 |
17:30 – 08:00 London time
22:00 – 08:00 CET 20:00 – 08:00 CET 16:00 – 18:15 Chicago time 16:30 – 17:00 Chicago time 16:30 – 17:00 Chicago time 16:30 – 09:50 Sydney time 04:30 – 07:45 Singapore time |
Settlement Prices of Futures Markets
Bets on Wall Street, NASDAQ 100, S&P 500, S&P/MIB and S&P/ASX futures settle basis the “special opening quotation” published by the relevant exchange on the day of expiry. This settlement price is calculated using the opening prices of the shares that comprise the underlying index on the day of expiry. Also note that this settlement price can differ substantially to the level at which the index itself has traded or closed at the previous day.
The last day on which the Wall Street, NASDAQ 100, S&P 500 and S&P/MIB markets can be traded is the day before the day on which the settlement price is calculated.
FTSE 100 futures: The settlement price for FTSE 100 futures is calculated by FTSE International with reference to the outcome of the intra-day auction (usually 10:10 to 10:15) at the LSE on the last trading day.
CAC 40 futures: The closing settlement price is calculated on the last business day as the arithmetic mean (rounded to one decimal) of the CAC 40 index values calculated and disseminated between 15.40 and 16.00 (including the first index value disseminated after 16.00).
DAX 30 futures are settled basis the value of the index, based on Xetra® auction prices of the respective index component shares. The intraday auction starts at 13:00 CET on the last trading day.
Eurostoxx 50 futures settle basis the average of index values calculated between 11:50 and 12:00 CET on the last dealing day.
IBEX 35 futures are settled basis an average of the levels of the cash market between 16:15 and 16:45 CET on the last dealing day.
Nikkei 225 futures settle basis the Special Nikkei 225 Index Quotation based on the opening prices of each component issue in the Nikkei 225 Index on the business day following the last trading day.
Hang Seng futures' Final Settlement Price shall be a number, rounded down to the nearest whole number, determined by the Clearing House and shall be the average of quotations of the Hang Seng Index taken at five minute intervals during the Last Trading Day.
Dividends
Dividend adjustments to rolling stock index bets apply as follows:
Buy bets are credited with the value of the aggregate index point effect times your stake.
Sell bets are debited the value of the aggregate index point effect times your stake.
Minimum / Maximum Bet Sizes
These vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by Accendo Financial Markets as “out of hours”, i.e. outside of the regular trading hours of the underlying exchange or market.
The market information sheets indicate the usual minimum and maximum bet sizes in GBP; currency equivalents apply for non-GBP accounts.
Restrictions may be applied to maximum bet sizes whether opening or closing.
The minimum stake for all markets with Accendo Financial Markets is £1 (or currency equivalent). The lot size of the corresponding underlying market is provided for your information, as a guide to underlying market trading size.
Trading Hours
Times shown are Accendo Financial Markets' usual times for trading a market and are basis GMT unless otherwise stated; these may vary e.g. on market holidays and where daylight saving applies.
Our normal dealing hours are from 22:00 Sunday to 22:00 on Friday.
Spreads
The spreads shown may vary according to underlying market liquidity, or in “fast markets”.
Accendo Financial Markets is a trading name of GFT Global Markets UK Ltd, Subsidiary of Global Futures & Forex, Ltd.
Registered in England and Wales, Company Number 5394757, Authorized and Regulated by FSA.