Trading

"Equity Indices"

Equity indices, or stock indices as they are also commonly known, are actual stoXM indexes, which measure the value of a specific section of a stoXM. They are calculated based on a weighted average of the prices of selected stocks, which belong to the actual category that they represent. Stock indices can represent a specific stoXM such as NASDAQ, or they can represent a specific set of the largest companies of a nation such as the American S&P 500, the British FTSE 100, or the Japanese Nikkei 225.

Equity Indices Contract Specifications

TRADING HOURS – Monday to Friday GMT+2 time zone (please note DST may apply) | Swap rates are calculated based on the Index Currency’s relevant interbank rate.
Symbols Name Contract Size Swap Long Swap Short Trading Sessions
AUS200 ASX 200 Index 10 -2.59 -2.41 Daily 02:50 - 09:30, 10:10 - 23:59
CN50 FTSE China 50 Index 10 -2.67 -2.33 Monday 01:00 - Friday 23:55
EUSTX50 Euro Stoxx 50 Index 10 -1.96 -3.04 Monday 01:00 - Friday 23:55
FRA40 France CAC 40 Index 10 -1.96 -3.04 Daily 09:00 - 23:00
GER30 Germany DAX 30 Index 10 -1.96 -3.04 Monday 01:00 - Friday 23:55
HK50 Hang Seng Index 10 -2.78 -2.22 Monday 01:00 - Friday 23:55
JPN225 Nikkei 225 Index 100 -2.42 -2.58 Daily 01:00 - 09:10, 10:20 - 23:59
NAS100 NASDAQ 100 Index 10 -2.67 -2.33 Daily 01:00 - 23:55
SCI25 MSCI Singapore Index 10 -2.75 -2.75 Monday 01:00 - Friday 23:55
SPA35 Spain 35 Index 10 -1.96 -3.04 Monday 01:00 - Friday 23:55
UK100 UK FTSE 100 Index 10 -2.55 -2.45 Monday 01:00 - Friday 23:55
US2000 Russell 2000 Index 10 -2.67 -2.33 Monday 01:00 - Friday 23:55
US30 Dow Jones Industrial Index 10 -2.67 -2.33 Monday 01:00 - Friday 23:55
US500 US S&P 500 Index 10 -2.67 -2.33 Monday 01:00 - Friday 23:55
VIX Valatility Index 1,000 -2.67 -2.33 Monday 01:00 - Friday 23:55
USDX US Dollar Index 1,000 -2.98 -2.42 Daily 03:00 - 23:55

Long positions are charged with the relevant interbank rate plus a mark-up and short positions receive the rate minus a mark-up. The operation is conducted at 00:00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.

The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of your trading account.



About Equity Indices Trading


Equity indices, or stock indices as they are also commonly known, are actual stoXM indexes, which measure the value of a specific section of a stoXM. They are calculated based on a weighted average of the prices of selected stocks, which belong to the actual category that they represent. Stock indices can represent a specific stoXM such as NASDAQ, or they can represent a specific set of the largest companies of a nation such as the American S&P 500, the British FTSE 100, or the Japanese Nikkei 225.

The purpose of the indices is to show the general direction of a specific stoXM or of the general economy of a nation. However, since stock indices are composed of a basket of companies they can be very much affected by a big move of a specific company or by a big move of a specific sector of trade.

The actual weight given to a stock index from the underlying basket of stocks varies amongst the various indices, which means that not all use the same criteria to derive the end result. The two main ways to calculate the actual weight a specific underlying stock produces to the index itself is price weighting and capitalization weighting.

Below you can see the category which some of the very popular indices belong to:

  • Dow Jones (US30) and Nikkei 225 (Japan225) are price weighted indices.
  • FTSE 100 (UK 100), ASX200 (Australia 200), Hang Seng Index (Hong Kong 50, DAX (Germany 30), CAC 40 (France 40) and IBEX35 (Spain 35) are some of the main stock indices which are capitalization weighted.


Equity Indices – Who is Who?


S&P 500 (US500): The S&P500 (US500) stoXM index was introduced by the American financial services company Standard & Poor’s Financial Services LLC in 1957. It is a leading indicator of US equities, and as one of the most frequently used benchmarks for the US stoXM on the whole, it covers about 75% of the American equity market by capitalization.

ASX200 (Australia200): The ASX 200 (AUS200) index is a market-capitalization weighted stoXM index of stocks listed on the Australian Securities Exchange, which belongs to the world’s top 15 exchange groups with an average daily turnover of $4.685 billion. The index exclusively includes stocks listed on the Australian Stock Exchange.

Nikkei 225 (JP225): The Nikkei 225 (JP225), commonly known as Nikkei, is a stock index of the Tokyo Stock Exchange, the world’s third largest stock exchange with a market capitalization of US$4.09 trillion.

HSI (HK50): The HIS (HK50), Hang Seng Index, is a market capitalization-weighted stoXM index that has been used since 1969 to record the daily changes of the 50 largest companies present at Asia’s second (and the world’s sixth) largest stock exchange, the Hong Kong StoXM (HKEx).

FTSE 100 (UK100): The FTSE 100 (UK100) stock index stands for Financial Times Stock Exchange 100 Index, encompassing the 100 companies with the highest market capitalization listed on the London Stock Exchange.

NASDAQ 100 (US100): The main NASDAQ index is the NASDAQ Composite, with its subset NASDAQ 100 (US100) that consists of 107 equity securities issued by the 107 most powerful non-financial companies listed on the NASDAQ Stock Exchange.

DJIA (US30): DJIA (US30), the second oldest stoXM index in the United States after the Dow Jones Transportation Average, shows the performance of 30 major American companies during a standard trading session in the stoXM. It is calculated by the DJIA Divisor by dividing the total sum of all prices of all 30 stocks that it represents.

DAX (GER30): DAX (GER30), which stands for Deutscher Aktienindex, is the principal German stoXM index representative of the 30 major companies that trade on the Frankfurt Stock Exchange. It is considered to be a blue chip index in terms of quality and profitability.

CAC 40 (FRA40): The French benchmark stoXM index CAC 40 (FRA40) stands for Cotation Assistée en Continu, and it represents the top 40 values of the 100 highest market-capitalization company stocks traded on the French securities market Euronext Paris, the second largest exchange in Europe.


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