Range of Markets

Financial Spread Betting Markets Explained

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

Swiss Index, Jun

indices - SwissIndex
Index
From 6 *
(Shares only)
1
20/06/2024
0700-2100
£0.1
3
None
NTR: Position (GBP) % ***
0 - 166
.50
166 - 332
2.50
332 - 498
5.00
498 +
15.00
Limited Risk NTR: Position (GBP) % ***
0 - 249
10.00
249 +
15.00
Spread Premium: Stake (GBP) Multiplier
0 - 180
1
180 - 360
2
360 + 0
4
Mar, Jun, Sep, Dec
EUREX official settlement on last day of trading +/- spread

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***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

The Swiss Market Index is an index made up of 20 of the largest and most liquid of Switzerland’s stocks.

The securities within the Swiss Market Index represent over 90% of the market capitalisation and 90% of the trading volume of the equities listed on the SIX Swiss Exchange. It includes well known companies such as Swiss Re, Nestlé, Zurich and Credit Suisse.

For financial spread betting, the Swiss Market Index is one of the least volatile, although movements of over 100 can occur, the typical daily point movements are between 50-100.

If you want to place a financial spread bet based on movements of the Swiss Market Index with Spreadex, you can trade a product known as the Swiss Index.

If your trade is successful you will win the points difference multiplied by your stake. If your trade is unsuccessful you will lose the points difference multiplied by your stake.


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