Range of Markets

Financial CFD Markets Explained

We have collated a detailed description of all our financial CFD markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

Spot, Cocoa (New York)

commodities - Spot
Commodity
4
(Shares only)
1
Daily
0945-1830
1
5
FinancingRate +/- 3.5%
NTR: Contracts % *
0 - 112
.50
112 - 224
2.50
224 - 447
5.00
447 +
35.00
Limited Risk NTR: Contracts % *
0 - 112
10.00
112 +
35.00
Spread Premium: Contracts Multiplier
0 - 13
1
13 - 63
2
63 - 125
3
125 +
10

*When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.

Market Description

Cocoa is used in a variety of culinary applications and is derived from the cacao tree. Much of cocoa comes from West Africa and part from South America, where it was even once used as a form of currency.

Cocoa is the world’s smallest soft commodity market and is traded predominantly on the InterContinentalExchange (ICE). Cocoa prices are quoted in US dollars per metric ton.

When spread betting on cocoa you trade per dollar movement. Price movements can sometimes be volatile with up to 100 point movements per day occurring with regularity.

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