Indices
Gain exposure to the basket of instruments making up the index in just one trade.
The world’s most popular Indices are available on all VELOS trading platforms.
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(Spot) Equity Indices Spreads
VELOS offers competitive spreads across all of our cash Indices, including the E-mini S&P 500 Index from 0.4 points, the FTSE 100 Index from 1 point, Xetra DAX Index from 1 point and S&P 200 Index from 1 point.
How does Forex Trading work?
In addition to Equity Indices, VELOS also offers Futures Indices: ICE Dollar Index and VIX Index.
Indices example
The gross profit on your trade is calculated as follows:
Opening Price
4951
Closing Price
4970
Difference
19
Gross Profit on Trade
19.00 points x 2 contracts ($2 per point) = AUD $38.00
Opening the Position
The price of the Australia 200 Index is 4950.00/4951.00. You are of the view that blue-chip stocks are undervalued so you decide to buy 2 contracts at 4951.00. (One contract is equal to $1 per index point). No commission is charged on Indices.
For every point that the bid quote on the Australia 200 Index rises above 4951.00 you will make a profit of $2 AUD, for every point the bid quote falls below 4951.00 you will lose $2 AUD.
Closing the Position
Four days later, the Australia 200 Index has risen to 4970.00/4971.00 and you decide to take your profit. You close your position by selling 2 contracts at 4970.00.
How to determine if a client is entitled dividend from Index AUS200?
From the above example, let us assume that the ex-dividend date for Index AUS200 is on the of 18th August 2016. Therefore, a client must have an open position for Index AUS200 before the 18th of August 2016 and it must remain open until the 18th August 2016, in order to have the dividend adjustment of $2.44 per lot. To determine if the dividend adjustment is added or deducted to the client’s account, will depend on whether it is a SELL or BUY on AUS200. If the client has 1 lot of BUY for AUS200, the client will be entitled $2.44 per lot. However, if it is a SELL of AUS200, the client will be deducted $2.44 per lot. The amount $2.44 per lot will be converted to the client’s base currency, before it is being deducted.
Since this is from index AUS200, the dividend adjustment will be AUD$2.44 per lot. Alternatively, if the index is US500, the dividend adjustment would be USD$2.44 per lot. VELOS EX- Dividends Excel sheet shows the expected Indices that will have their index points adjusted for the given week and the actual ex-dividend adjustment amount for each indices will be updated regularly on our blog, Ex- Dividends Adjustments.
Spreads
Major Minor Exotic
* MIN - minimum, AVG - average
| SYMBOL |
DESCRIPTION |
MIN |
AVG |
| AUS200 |
Australia S&P ASX 200 Index |
0.000 |
1.220 |
| DE40 |
Germany 40 Index |
0.500 |
1.338 |
| F40 |
France 40 Index |
0.000 |
0.749 |
| JP225 |
Japan 225 Index |
6.000 |
8.858 |
| STOXX50 |
EU Stocks 50 Index |
0.200 |
1.760 |
| UK100 |
UK 100 Index |
1.000 |
2.133 |
| US30 |
US Wall Street 30 Index |
1.000 |
1.411 |
| US500 |
US SPX 500 Index |
0.000 |
0.492 |
| USTEC |
US Tech 100 Index |
1.000 |
1.807 |
| CA60 |
Canada 60 Index |
0.600 |
0.600 |
| CHINA50 |
FTSE China A50 Index |
3.290 |
6.953 |
| CHINAH |
Hong Kong China H-shares Index |
0.000 |
2.083 |
| ES35 |
Spain 35 Index |
4.200 |
4.426 |
| HK50 |
Hong Kong 50 Index |
7.000 |
8.169 |
| IT40 |
Italy 40 Index |
9.000 |
9.000 |
| MidDE50 |
Germany Mid 50 Index |
7.500 |
27.864 |
| NETH25 |
Netherlands 25 Index |
0.190 |
0.190 |
| NOR25 |
Norway 25 Index |
0.680 |
0.680 |
| SA40 |
South Africa 40 Index |
7.500 |
15.444 |
| SE30 |
Sweden 30 |
0.380 |
0.380 |
| SWI20 |
Switzerland 20 Index |
7.500 |
15.444 |
| SA40 |
South Africa 40 Index |
3.000 |
3.500 |
| TecDE30 |
Germany Tech 30 Index |
2.300 |
3.172 |
| US2000 |
US Small Cap 2000 Index |
0.140 |
0.480 |