A stock index is a good indicative measure of market performance. Indices such as the FTSE 100 and DJIA Index are baskets of blue chip stocks listed on the exchange and are generally a good measure of the current market sentiment. A change in the performance of any constituent stock in an index is reflected in a change in the overall value of that index.
Indices have the advantage of allowing traders to take a wider view of a basket of stocks rather than taking a view on one individual stock alone. Online CFD and futures based indices are offered on both Vonway MetaTrader 4, 5, and cTrader Platforms.
Vonway 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.
In addition to Equity Indices, Vonway also offers Futures Indices: ICE Dollar Index and VIX Index.
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. Vonway 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.
* MIN – minimum, AVG – average
|Instrument Symbol||Underlying Instrument Description||Instrument Type||Minimum Order Size|
|AUD/CAD||Australian Dollar vs Canadian Dollar||Forex||0.01 lot|
|AUD/CHF||Australian Dollar vs Swiss Franc||Forex||0.01 lot|
|AUD/JPY||Australian Dollar vs Japanese Yen||Forex||0.01 lot|
|AUD/NZD||Australian Dollar vs New Zealand Dollar||Forex||0.01 lot|
|AUD/USD||Australian Dollar vs US Dollar||Forex||0.01 lot|
|CAD/CHF||Canadian Dollar vs Swiss Franc||Forex||0.01 lot|
|CAD/JPY||Canadian Dollar vs Japanese Yen||Forex||0.01 lot|
|CHF/JPY||Swiss Franc vs Japanese Yen||Forex||0.01 lot|
|EUR/AUD||Euro vs Australian Dollar||Forex||0.01 lot|
|EUR/CAD||Euro vs Canadian Dollar||Forex||0.01 lot|
|EUR/CHF||Euro vs Swiss Franc||Forex||0.01 lot|
|EUR/GBP||Euro vs Great Britain Pound||Forex||0.01 lot|
|EUR/JPY||Euro vs Japanese Yen||Forex||0.01 lot|
|EUR/NZD||Euro vs New Zealand Dollar||Forex||0.01 lot|
|EUR/USD||Euro vs US Dollar||Forex||0.01 lot|
|GBP/AUD||Great Britain Pound vs Australian Dollar||Forex||0.01 lot|
|GBP/CAD||Great Britain Pound vs Canadian Dollar||Forex||0.01 lot|
|GBP/CHF||Great Britain Pound vs Swiss Franc||Forex||0.01 lot|
|GBP/JPY||Great Britain Pound vs Japanese Yen||Forex||0.01 lot|
|GBP/NZD||Great Britain Pound vs New Zealand Dollar||Forex||0.01 lot|
|GBP/USD||Great Britain Pound vs US Dollar||Forex||0.01 lot|
|NZD/JPY||New Zealand Dollar vs Japanese Yen||Forex||0.01 lot|
|NZD/USD||New Zealand Dollar vs US Dollar||Forex||0.01 lot|
|USD/CAD||US Dollar vs Canadian Dollar||Forex||0.01 lot|
|USD/CHF||US Dollar vs Swiss Franc||Forex||0.01 lot|
|USD/JPY||US Dollar vs Japanese Yen||Forex||0.01 lot|
|USD/SGD||US Dollar vs Singapore Dollar||Forex||0.01 lot|