UK100
The UK100’s underlying instrument is the FTSE 100 index future. This FTSE 100 is an index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. In the FTSE indices, share prices are weighted by market capitalization, so that the larger companies make more of a difference to the index than smaller companies. Examples: GlaxoSmithKline, HSBC, Royal Dutch Shell etc.
Margin Requirements
Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide
Trading Hours
Please click here for trading hours.
Please note, however, that hours are subject to change based on Daylight Savings Time. Also, Friedberg Direct’s Index Products do not expire, but Friedberg Direct indices will not be open for trading during holidays in which the reference markets are closed
Target Spread
The UK100 has a target spread of 1.5 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for the UK100 is 4,000.
Minimum Pip Cost (Value)
The UK100 has a minimum value of £0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 1.0 price movement on the UK100 is 1 pip/point. Friedberg Direct’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
100 Friedberg Direct UK100 Contracts are currently equivalent to one FTSE 100 Future.
Other Information
The UK100 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend payments will be applied as debit/credit within the rollover amount for your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement.
With Friedberg Direct’s new Enhanced Execution, there is no minimum stop distance for the UK100.