IG Markets CFDs — Indices

Our stock indices CFDs are contracts which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client.

Australia 200

Germany 40

Wall Street

FTSE 100

Hong Kong HS50

Singapore Blue Chip

US Tech 100

Japan 225

US Russell 2000

US 500

China A50

The exceptions are Wall Street, US 500, US Tech 100 and Japan 225, which open at 23.00 (London time) on Sundays. Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

2. All dealing hours are listed in Singapore time, unless otherwise stated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments in the country of origin may cause times shown to be imprecise.
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3. a) CFDs on indices are quoted with reference to the front month contract in the underlying futures market. Cash CFD prices are adjusted for the fair value between the prices of the cash index and relevant futures contract. The prices quoted for CFDs on futures, which are not on the front month contract, are adjusted for the fair value between that contract and the front month.
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b) Spreads are subject to variation, especially in volatile market conditions. On 24-hour index markets, our spreads depend on whether the underlying futures market is open (in-hours) or closed (out-of-hours). Other index markets are only quoted when the underlying futures market is open. Our dealing spreads may change to reflect the available liquidity during different times of day. Out-of-hours spreads on US indices may vary during the US reporting season. Our normal spread during each time period is shown in the table.
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c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).
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d) During the out-of-hours sessions on 24 hour index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Furthermore, orders placed by other clients may affect our quotations. There may be nothing against which to measure our quotation at these times.
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e) In order to publish more accurate and reliable prices, IG calculates theoretical fair values for the China A50 index rather than relying upon underlying market differentials. In general, where there are price discrepancies between the cash and futures markets, arbitrageurs return the market closer to its fair value. However, because of trading restrictions in China, these arbitrage trades are often restricted, resulting in wide variances and movements between the underlying market differentials and the theoretical fair values.

4. For guaranteed stop transactions, a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

5. The following note refers to cash markets only. CFDs on cash stock indices are undated transactions that do not expire. For each day that a position is open, adjustments are calculated to reflect the effect of interest (i), and, if necessary, dividends (ii).
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a) A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). For stock index contracts denominated in Australian dollars a daily interest adjustment is calculated for any position that is opened before 16.50 (Sydney time) and that is still open after 16.50 (Sydney time). These adjustments are posted daily to the client's account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

b) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE) to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.

6. When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency. You may change this default at any time via our online dealing platform.