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.
France 40, Dec
| NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| .50 | ||||
| 2.50 | ||||
| 5.00 | ||||
| 15.00 |
| Limited Risk NTR: | Position (GBP) | % *** | |||
|---|---|---|---|---|---|
| 5.00 | ||||
| 15.00 |
| Spread Premium: | Stake (GBP) | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 2 | ||||
| 4 | ||||
| 20 |
*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.
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Market Description
The Cotation Assistée en Continu or CAC is an index measuring the value of the 40 most significant French companies on the Paris Bourse. It includes companies such as AXA, Michelin and Société Générale. Its base value of 1,000 was set on 31 December 1987 and its all-time high of 6922.33 was reached in September 2000. The CAC 40 can be a very volatile market for financial spread betting with swings of 100-200 not uncommon.
If you want to place a financial spread bet based on movements of the CAC with Spreadex, you can trade a product known as the France 40 Index.
Spreadex offers a France 40, Daily Future contract as well as different future contracts. These contracts will offer a spread on the France 40 of, for example, 3,922 – 3,925. 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 your stake. If your trade is unsuccessful you will lose the points difference multiplied by your stake.
