Bahrain
China
Hong Kong
India
Japan
Jordan
Lebanon
Macau
Oman
Qatar
Saudi Arabia
Taiwan
UAE
Yemen
Austria
Germany
Ireland
Russia
Switzerland.png "United Kingdom"){kind=small}
United Kingdom
Mexico.png "United States"){kind=small}
United States
Argentina
Bolivia
Chile
Colombia
Costa Rica
Dominican Republic
Ecuador
El Salvador
Guatemala
Honduras
Nicaragua
Panama
Paraguay
Peru
Uruguay
Venezuela
Index CFD product and contract specs
Index contracts for difference (CFDs) are contracts that mirror the performance of the underlying index future with the profit or loss calculated as the difference between the purchase price and the selling price.
Alpari (UK)’s range of index CFDs includes Wall Street 30, US 500, US Tech 100, UK 100, German 30, Stoxx 50 and French 40.
- Buy if you think the market will rise; sell if you think the market will fall
- Open position with a margin from USD400 per 1 lot – as CFDs are leveraged products, there is no need to pay the full value of the position
- There is no financing charge if your position remains open at the end of the trading session.
- There are no commission charges on index CFDs
- Index CFDs have a market expiry date
Trading hours
Market trading hours are an important factor when trading CFDs. If you have an open position when the markets close, this means you will not be able to close your trade until the market re-opens again the next trading day. Due to the volatility of equity markets, the opening price at the start of the next trading session can be vastly different from the closing price of the previous trading session.
Index CFD contract specifications
| Wall Street 30 | US 500 | US Tech 100 | |
|---|---|---|---|
| Alpari abbreviation | US30. | US500. | NQ100. |
| Type | Future | Future | Future |
| Country | US | US | US |
| Currency | USD | USD | USD |
| Exchange | CBOT | CME | CME |
| Spread from | 3 | 0.75 | 1.75 |
| (3 increments) | (3 increments) | (7 increments) | |
| Minimum trade size: | 0.1 | 0.1 | 0.1 |
| Increment | 1 | 0.25 | 0.25 |
| Increment value | USD5 | USD12.50 | USD5 |
| Margin | USD400 | USD400 | USD400 |
| Contract unit | 1 | 1 | 1 |
| Duration | Quarterly | Quarterly | Quarterly |
| Trading hours* | 01:00-23:15 & 23:30-00:30 MetaTrader/EET |
01:00-23:15 & 23:30-00:30 MetaTrader/EET |
01:00-23:15 & 23:30-00:30 MetaTrader/EET |
| Quoted months | Mar (H), Jun (M), Sep (U), Dec (Z) | Mar (H), Jun (M), Sep (U), Dec (Z) | Mar (H), Jun (M), Sep (U), Dec (Z) |
| UK 100 | German 30 | Stoxx 50 | French 40 | |
|---|---|---|---|---|
| Alpari abbreviation | UK100. | DE30. | EUR50. | FRA40. |
| Type | Future | Future | Future | Future |
| Country | UK | DE | EU | FR |
| Currency | GBP | EUR | EUR | EUR |
| Exchange | NYSE Euronext | Eurex | Eurex | NYSE Euronext |
| Spread from | 1.5 | 1.5 | 1.5 | 1.5 |
| (3 increments) | (3 increments) | (3 increments) | (3 increments) | |
| Minimum trade size: | 0.1 | 0.1 | 0.1 | 0.1 |
| Increment | 0.5 | 0.5 | 0.5 | 0.5 |
| Increment value | GBP5.00 | EUR12.50 | EUR5.00 | EUR5.00 |
| Margin | GBP400 | EUR1,000 | EUR400 | EUR400 |
| Contract unit | 1 | 1 | 1 | 1 |
| Duration | Quarterly | Quarterly | Quarterly | Monthly |
| Trading hours* | 03:00-23:00 MetaTrader/EET | 09:00-23:00 MetaTrader/EET | 09:00-23:00 MetaTrader/EET | 09:00-23:00 MetaTrader/EET |
| Quoted months | Mar (H), Jun (M), Sep (U), Dec (Z) | Mar (H), Jun (M), Sep (U), Dec (Z) | Mar (H), Jun (M), Sep (U), Dec (Z) | All months |
Alpari CFD Expiry Date
- All index CFDs officially expire two business days before the third Friday of the delivery month. If the third Friday is not a business day, then the contract will expire two business days before the preceding business day.
If your trades remain open when the settlement price is published by the relevant exchange on the Alpari CFD Expiry Date, Alpari UK will automatically close them. Details of the Alpari CFD Expiry Date can be found below.
The official settlement prices are published daily by the relevant exchange.
Quoted months
Shaded areas in the table represent currently available contracts.
| Month Codes | DOW (Wall Street 30) | S&P (US 500) | Nasdaq (US Tech 100) |
|---|---|---|---|
| November (X) | |||
| December (Z) | US30.Z (19 Dec 12) |
US500.Z (19 Dec 12) |
NQ100.Z (19 Dec 12) |
| January (F) | |||
| February (G) | |||
| March (H) | US30.H (13 Mar 13) |
US500.H (13 Mar 13) |
NQ100.H (13 Mar 13) |
| April (J) | |||
| May (K) | |||
| June (M) | US30.M (19 Jun 13) |
US500.M (19 Jun 13) |
NQ100.M (19 Jun 13) |
| July (N) | |||
| August (Q) | |||
| September (U) | US30.U (18 Sep 13) |
US500.U (18 Sep 13) |
NQ100.U (18 Sep 13) |
| October (V) | |||
| November (X) | |||
| December (Z) | US30.Z (18 Dec 13) |
US500.Z (18 Dec 13) |
NQ100.Z (18 Dec 13) |
| Month codes | FTSE (UK 100) | DAX (German 30) | Euro Stoxx (Stoxx 50) | CAC (French 40) |
|---|---|---|---|---|
| November (X) | FRA40.X (14 Nov 12) |
|||
| December (Z) | UK100.Z (19 Dec 12) |
DE30.Z (19 Dec 12) |
EUR50.Z (19 Dec 12) |
FRA40.Z (19 Dec 2012) |
| January (F) | FRA40.F (16 Jan 13) |
|||
| February (G) | FRA40.G (13 Feb 13) |
|||
| March (H) | UK100.H (13 Mar 13) |
DE30.H (13 Mar 13) |
EUR50.H (13 Mar 13) |
FRA40.H (13 Mar 13) |
| April (J) | FRA40.J (17 Apr 13) |
|||
| May (K) | FRA40.K (15 May 13) |
|||
| June (M) | UK100.M (19 Jun 13) |
DE30.M (19 Jun 13) |
EUR50.M (19 Jun 13) |
FRA40.M (19 Jun 13) |
| July (N) | FRA40.N (TBC) |
|||
| August (Q) | FRA40.Q (TBC) |
|||
| September (U) | UK100.U (18 Sep 13) |
DE30.U (18 Sep 13) |
EUR50.U (18 Sep 13) |
FRA40.U (18 Sep 13) |
| October (V) | FRA40.V (TBC) |
|||
| November (X) | FRA40.X (TBC) |
|||
| December (Z) | UK100.Z (18 Dec 13) |
DE30.Z (18 Dec 13) |
EUR50.Z (18 Dec 13) |
FRA40.Z (18 Dec 13) |
Alpari (UK) Limited reserves the right to make necessary changes to these dates with out notice.
*Alpari UK trading hours cease at 00:00 EET on Fridays.