Spread Betting Stock Indices

With GFT Global Markets you have the opportunity to trade stock indexes at a lower cost. We offer indexes more than 20 countries, narrow spreads, low levels of initial margin, a number of non-stop markets and guaranteed stop-orders on all the proposed indices.

Index CFD allows to acquire a wide range of shares by one order, that is, you can conclude the transaction, taking into account the trends of the market, rather than any individual company.

CONTRACT SPECIFICATION Spread Betting Stock Indices

Rollover

For one-day rate of spread of transferable stock exchange index (ie, after 22:00 London time) charged + / - 3%, I have to pay for financing. The calculation is performed as follows:

f = (s x p x r) / d

where

f = daily fee funding

s = Your bid

p = the closing price determined GFT Global Markets

r = the appropriate rate proposals LIBOR, plus 300 basis points for long positions, or MINUS 300 basis points for short positions

d = number of days, ie 365 for the Index of Great Britain and Australia and 360 for all others

Long trading positions (Long) be debited for the amount of daily fees for funding

Short trading positions (Short) for credit in the amount of daily fees for funding

Coefficient of movement = price markup on the price, which represents 1 single operating unit, which is calculated on the basis of the balance of profit and loss (P & L), the original and the variational margin. Notional value of your transaction = Base Price * Proportion / ratio price movements.

Markets in a time

GFT Global Markets will lead the quotations of some markets outside of the normal trading hours. ( "outside time"). In the non-working hours may be the expansion of these spreads and the reduction of the maximal size of transactions. If an order is started after hours, and its size exceeds the maximum size of deals, some for hours of non-price performance of the order can be adjusted accordingly in order to accommodate the order entirely, except when the order is guaranteed by the order of stop loss. Spreads non hours listed in the table.

Our quotes "non-time based on changes in other indices available, but are not limited to:

- Changes in other financial markets, such as spot forex markets;
- On incoming information;
- The flow of orders to customers.
Market Out of Hours Times
UK 100

Germany 30

France 40

US Wall Street 30

US SPX 500

US Tech 100

Australia 200

Japan 225 21:00 - 08:00 London time

22:00 - 08:00 CET

22:00 - 08:00 CET

16:00 - 18:15 Chicago time

16:30 - 17:00 Chicago time

16:30 - 17:00 Chicago time

16:30 - 09:50 Sydney time

04:30 - 07:45 Singapore time

Estimated prices of futures markets

Calculations of rates for the futures Wall Street, NASDAQ 100, S & P 500, S & P / MIB and S & P / ASX performed on the basis of «special opening quotation», published by the relevant Exchange on the day of expiry of the futures contract. Also note that the estimated price can vary greatly in the extent to which the subject of bid or closure of the index produced the previous day.

The last day, which may be bidding on the markets Wall Street, NASDAQ 100, S & P 500 and S & P / MIB - the day preceding the day of the calculation of the estimated price.

FTSE 100 Futures: Futures settlement price for the FTSE 100 is calculated by FTSE International, taking into account the intraday auction (usually from 10:10 to 10:15) on the London Stock Exchange on the last day of reference for bidding.

CAC 40 Futures: Settlement price is the closing of the last business day in the form of mean values (rounded to the tenth), CAC 40 index values, calculated and distributed in the interval between 15.40 and 16.00 (including the first index value, distributed after 16.00).

Futures DAX 30: calculated on the basis of the value index, based on the prices of trades on Xetra ® share of the composite index. Intraday auction starting at 13:00 average time on the last day of reference for bidding.

Futures Eurostoxx 50: calculated on the basis of the average of index values, calculated as the interval between 1:50 and 12:00 average time on the last day of reference for bidding.

Futures IBEX 35: calculated on the basis of average market value of cash flow from 16:15 to 16:45 CET the average time on the last day of reference for bidding.
Nikkei 225 futures are calculated on the basis of Quotations Special Nikkei 225 Index based on opening prices of each part of the release, expressed as an index Nikkei 225 in the working day following the last day of reference for bidding.

Futures Hang Seng: The final settlement price shall be a number, rounded up to the first of a value price determined by Clearing House and should be the average of quotations Index Hang Seng, which are values every five minutes on the last day of reference for bidding.

Dividends

Below are the adjustments for CFD transactions with cash:

Buyers of credit to (the number of items, which was adjusted corresponding index x size).

Dealers charged by (the number of items, which was adjusted corresponding index x size).

Minimum / maximum size of the transaction

The maximum size varies depending on the base of liquidity, market conditions and the classified whether core market by GFT Global Markets as a «market for non-working time», ie outside of normal trading hours.

Reports on the market indicate the usual minimum and maximum dimensions in GBP (British Pounds); currency equivalents apply in relation to the accounts are not in GBP.
Restrictions in relation to the maximum size applicable at the opening, and at the close of the transaction.

The minimum percentage of working with GFT Global Markets is £ 1 (pound) (or equivalent currency). The size of the lot to the base exchange is the background and gives an idea of the minimum amount of stock transactions.

Trading Hours

These hours - normal hours, that GFT Global Markets trading in the market may change, such as during holidays and in case of switching to "summer time".

Normal working hours - from 22.00 Sunday to 22.00 Friday.

Spreads

These spreads strife, depending on the liquidity of the market base, they also differ on the "fast market".

Dividends on stock indexes

When an individual stock, a component of the money stock, pay dividends, it will have a balanced effect on the index of cash, known as «dividend index» or «influence index». GFT will adjust such accounts with the position of using the index, if the position remains open at the close of the principal cash market transactions on the day preceding the date of payment of dividend on shares of a compound.

GFT will lend to long positions and short positions debit (through cash adjustments):

Dividend index size of the position x

Weighted effect separate dividend shares will be calculated as follows:

The dividend index = Dividend per share x (Shares in index / index divider)

«Divisor index» varies depending on the indices. This value, adjusted basic rate for the repayment of the effect of fluctuations resulting, inter alia, as a result of the fragmentation of the shares, bonus issue of shares and replacing the stock components. This ensures comparability of the value index in dinamke time. GFT uses a variety of data sources to calculate the dividend index.

Index DAX 40 is not subject to adjustment, is the index of aggregate income, so all dividends paid out are reflected in the price.

The futures index is not to suffer such effects as the price of the expected dividends on the Futures already listed.

The real cost: GFT defines its cash rate indices based on the conditions of the futures markets. As a result, we include in the rate adjustment «true value» to reflect the cash price index derivative as compared to the price of the futures. The real value - is constantly changing variable, it changes during the trading day in accordance with the calculations of the current real value of GFT.

GFT will adjust the calculation of the internal real value at the close of the market cash transactions on the day preceding the payment of dividends on shares of a compound, it will reflect the dividend index.