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.

Australia 200, Daily

indices - Australia200
Index
ASX
From 2
(Shares only)
25
Daily
2250-0530
0610-2000
0.02
1(185 if guaranteed)
3
Adjusted ARR +/- 3.5%
NTR: Contracts % *
0 - 48
.50
48 - 97
2.50
97 - 145
5.00
145 +
15.00
Limited Risk NTR: Contracts % *
0 - 72
5.00
72 +
15.00
Spread Premium: Contracts Multiplier
0 - 19
1
19 - 38
2
38 - 76
4
76 +
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.

Market Description

The S&P/ASX 200 is a market-capitalisation weighted and float-adjusted index tracking the performance of the 200 largest index-eligible Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. It was launched on 31 March 2000 with a value of 3133.3 and is widely considered Australia’s preeminent benchmark index. The number of shares in the index is highly dynamic and does not always revert to 200. On average, the index is rebalanced every quarter by Standard & Poors.

Historically, from 1992 until 2012, the S&P/ASX 200 averaged 3443.2 reaching an all-time high of 6828.7 in November of 2007 and a record low of 1358.5 in November of 1992.

If you want to place a CFD trade based on movements of the S&P/ASX 200 with Spreadex, you can trade a product known as the Australia 200 Index. Spreadex also offers a futures contract on the Australia 200. If you think the price will end up being higher than our spread at the contract’s expiry period, you can buy at the ‘offer’ or ‘ask’ price (the higher part of the spread). If you believe the price will end up being lower, you can place a trade to sell at the ‘bid’ (lower part of the spread).

If your trade is successful you will win the points difference multiplied by number of contracts traded. If your trade is unsuccessful you will lose the points difference multiplied by number of contracts traded.

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