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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.
US Tech 100, Jun
| NTR: | Contracts | % * | |||
|---|---|---|---|---|---|
| .50 | ||||
| 2.50 | ||||
| 5.00 | ||||
| 15.00 |
| Limited Risk NTR: | Contracts | % * | |||
|---|---|---|---|---|---|
| 5.00 | ||||
| 15.00 |
| Spread Premium: | Contracts | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 2.1 | ||||
| 3 | ||||
| 20 |
*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.
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Market Description
The US Tech 100 is based on a leading US stock market index for non-financial companies. These stocks are listed on the Nasdaq exchange, the second largest stock exchange in the world.
Although it’s almost weighted by market capitalisation, the index has certain rules to cap the influence of its largest components, namely technology giants including Alphabet, Amazon and Meta.
Given the index’s tech focused nature, it is often called the US Tech 100. However, in recent years, it has become increasingly diversified and now includes a variety of industry sectors, such as IT, telecommunications, retail, biotechnology, health care and media.
Spreadex offers a spread on the US Tech 100 of, for example, 15000 - 15002. If you think the price will rise, you can buy at the ‘offer’ or ‘ask’ price (the higher part of the spread). If you believe the price will fall, you can place a trade to sell at the ‘bid’ (lower part of the spread).
