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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 Dollar Index, Dec

forex - USDollarIndex
Index
NYSE
From 8
(Shares only)
1
13/12/2024
0100-2200
0.2
0.01(0.75 if guaranteed)
6
None
NTR: Contracts % *
0 - 238
.50
238 - 477
2.50
477 - 715
5.00
715 +
15.00
Limited Risk NTR: Contracts % *
0 - 357
10.00
357 +
15.00
Spread Premium: Contracts Multiplier
0 - 238
1
238 - 476
2
476 - 952
4
952 +
20
Mar, Jun, Sep, Dec

*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

This market follows the greenback against a basket of other currencies. Trading US Dollar Index futures allows for multi-currency hedging without paying the bid-offer spread across six different pairs. The weighting of the futures index is as follows: 57.6% Euro, 13.6% Japanese Yen, 11.9% British Pound, 9.1% Canadian Dollar, 4.2% Swedish Krona, 3.6% Swiss Franc. The makeup of this basket has remained fairly constant since its inception, altered only in 1999 when the Euro merged a number of continental currencies into a common one. As its base, the index takes a value of 100, representing the dollar’s value at the introduction of the index in 1973, when the United States went off the Gold standard after Bretton Woods. When the dollar gains in strength against this basket, the index rises, and when the dollar loses value against the basket, the index falls.

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