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Futures Indices

Products – Futures & Index CFDs

 


Stock market volatility can create exciting investment opportunities for the trader willing to take on a degree of uncertainty in search of higher profits. By trading index related products such as Futures Index CFDs you will be able to benefit from a product that combines leverage, low costs and ease of trading and also allowing you to trade in both rising and falling markets from exchanges all over the world.

Why trade Futures Indices?

Index-tracking CFDs give traders the capability of trading an entire index on real-time prices whilst enabling them to maximise their exposure with minimal investment from margins as low as 1% and without the exposure to any one particular underlying component of the index (e.g. listed company).

Benefits Include

  • These indicies are linked to the performance of the stock market index.
  • They can be short sold, opening the possibility to make a profit in a falling market.
  • Maximum exposure with minimal capital outlay, margins from as low as 1%.
  • Very tight spreads, allowing you to instantly make a profit from as little as a 3 pip movement.
  • No additional commissions or fees – Standard Accounts only.
  • Trade over 7 indices from the top exchanges worldwide.

Trading Hours

Because the United States (US) starts Daylight Savings Time, clocks will be wound forward to GMT+3. This will affect MT4 server session times of the FT100, DAX30, CAC40 SPI200 and HSI. Please refer to the updated schedule below, effective Sunday 9th March 2014 (AEDT).

MT Code Market Name Open (GMT+3) Close (GMT+3) Break (GMT+3)
HSI Hang Seng Index (Future) Monday 04:15 Friday 18:00 07:00-08:00
11:15-12:00
CAC40 France 40Index (Future) Monday 10:00 Friday 24:00 24:00-10:00
DAX30 German 30Index (Future) Monday 10:00 Friday 24:00 24:00-10:00
S&P US S&P 500Index (Future) Monday 01:00 Friday 24:00 23:15-23:30
00:30-01:00
FT100 UK 100 Index[FTSE] (Future) Monday 11:00 Friday 24:00 24:00-11:00
DJ30 US Wall Street 30Index [DOW] (Future) Monday 01:00 Friday 24:00 23:15-23:30
00:30-01:00
SPI200 ASX S&P 200Index [SPI] (Future) Monday 01:50 Friday 23:00 23:00-01:50
08:30-09:10

Index Futures Rollovers Explained

AxiTrader’s Index contracts are based on the relevant futures exchange price.Futures contracts expire because they are related to a definitive date and there are many months traded.(The forward prices can be higher or lower depending on market conditions).

In order to remove final day volatility at AxiTrader we switch from using the front month contract into the second month’s contract one trading day prior to the exchange expiry.

An example of this is when the Australian SPI contract for March expires, the June price needs to be used and the price on the AxiTrader MT4 platform may increase or decrease depending on the value of the June contract relative to the March contract. This is obviously not a price rise or fall in the SPI but just a move to a new reference price and therefore no profit or loss will be incurred as a result.

In order to make sure this does not affect our clients, a cash adjustment needs to be made. Please find two examples below:

Example: SPI March closes at 5050/5051and SPI June opens at 5000/5001

Your Position: 10 Buy contracts

If your position is a buy it closes on the old Bid price (5050) and reopens on the new ask price 5001. Because you are in a Buy and the new market price has decreased your open trade P&L has made a loss. As a result you will receive a positive adjustment amount in your swap column equal to the difference of the old bid and the new ask ie you will receive (5050-5001)*10 contracts = $490AUD

Your Position: 10 Sell contracts

If your position is a buy it closes on the old Ask price (5051) and reopens on the new Bid price 5000. Because you are in a Sell and the new market price has decreased your open trade P&L has made a gain. As a result you will receive a negative adjustment amount in your swap column equal to the difference of the old ask and the new bid ie you will receive (5051-5000)*10 contracts = -$510AUD

Accounts will be cash adjusted on positions held at the following times:

  • HSI Future – Close of business on the day 3rd to last business day of the contract month.
  • CAC40 Future – Close of business on the day before the 3rd Friday of expiry month.
  • DAX30 Future – Close of business on the day before the 3rd Friday of expiry month.
  • S&P Future – Close of business on the Wednesday the week before the 3rd Friday of expiry month.
  • FT100 Future – Close of business on the day before the 3rd Friday of expiry month.
  • DJ30 Future – Close of business on the Wednesday the week before the 3rd Friday of expiry month.
  • SPI200 Future – Close of business one day before the 3rd Thursday of expiry month.

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