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.

Spain 35, Daily

indices - Spain35
Index
BME
From 7
(Shares only)
1
Daily
0700-1900
0.2
2
Adjusted ARR +/- 3.5%
NTR: Contracts % *
0 - 517
.50
517 - 1,034
2.50
1,034 - 1,551
5.00
1,551 +
15.00
Limited Risk NTR: Contracts % *
0 - 776
10.00
776 +
15.00
Spread Premium: Contracts Multiplier
0 - 205
1
205 - 410
2
410 - 820
4
820 +
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 Ibex 35 is the benchmark stock market index of the Bolsa de Madrid. It is a market capitalisation weighted index comprising the 35 most liquid Spanish stocks traded on the Madrid Stock Exchange General Index. Inaugurated on the 14th January 1992 with a base of 3000 points, it is administered and calculated by Sociedad de Bolsas.

Prior to the credit crunch the index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped construction and real estate with the IBEX 35's all-time maximum of 15,945.70 peaking on 8th November 2007. During the 2008 stock market downturn the index saw extreme volatility with the index down 7.5% down on 21st January 2008 but with a 6.95% rise three days later.

Spreadex offers a near Spain 35 future contract. 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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