Index CFDs are contracts for difference over equity indexes. A contract for difference, or CFD, is a type of derivative that allows a trader to gain a long or short exposure to a trading instrument’s price. While the trader does not own the underlying asset, they ‘own’ any movement in the price of that asset while they hold a position.
An Index is a basket of assets – in most cases stocks, but any assets can be included in an index. An index is usually weighted by the market capitalization of each company, with the largest companies having the most influence on the index value.
AlgoSystem traders can access up to 5 major global market indices. These indices represent the overall movements of some of the largest markets and can all be accessed via our trading platforms.
|Index CFDs||Trading Symbol||Trading Hours (Server Time)|
|Dow Jones Industrial Average||US30||01:00 - 24:00|
|CAC 40||FRA40||10:00 - 24:00|
|German stock index DAX 30||GER30||01:00 - 24:00 (Friday Close 23:00)|
|FTSE 100||UK100||01:00 - 24:00 (Friday Close 23:00)|
|Euro Stoxx 50 Future||EUSTX50||01:00 - 24:00 (Friday Close 23:00)|
|NASDAQ 100||NDX100||01:50 - 24:00|
|S&P/ASX 200||ASX200||01:50 - 24:00|
|Nikkei 225||JPN225||02:30 - 24:00|
|Hang Seng (HSI)||HK50||01:00 - 24:00 (Friday Close 23:00)|
|Standard & Poor's 500||SPX500||01:00 - 24:00|