Nasdaq 100 Index
USTECH
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.005
Contract Size Currency per 1 Lot Symbol
USD 1 x Index
Min/Max Trade Size (lots)
1 / 250
Schedule and Fees
Market Open
Sunday 18:00 New York
Market Closed
Friday 16:59 New York
Trading Break
16:15 - 16:30 & 16:59 - 18:00 New York
3 Day Financing
Friday
Long & Short Position Overnight Fee
displayed on the trading platform
FAQ
The Nasdaq 100 index, often referred to as the "NDX," is a stock market index that tracks the performance of 100 of the largest and most actively traded non-financial companies listed on the Nasdaq Stock Market. The index includes companies from various sectors, such as technology, telecommunications, biotechnology, and retail. However, financial companies like banks are excluded from the index.
The Nasdaq 100 is a market capitalisation-weighted index, which means that the companies with higher market capitalisations have a greater impact on the index's overall performance. In other words, the larger and more influential a company is, the more its stock price movements will affect the index.
The Nasdaq 100 is considered a benchmark for the performance of the technology and growth-oriented sectors of the stock market. It is widely used by investors, traders, and financial professionals to gauge the overall health and trends of the technology-heavy and typically innovative sectors of the economy.
Some well-known companies listed in the Nasdaq 100 include Apple, Microsoft, Amazon, Google (Alphabet), Facebook (Meta), and many other prominent technology and biotechnology firms. The index is periodically rebalanced to ensure that it reflects the current market capitalisation and composition of the included companies.
The Nasdaq 100 uses a modified market-capitalisation weighting. Larger companies generally have more influence on the index, although the methodology includes limits designed to prevent individual companies from becoming too dominant.
USTECH CFD trading lets you trade movements in the Nasdaq-100 without buying shares in the companies that make up the index.
With a USTECH CFD, you can open a long position if you expect the index to rise or a short position if you think it will fall.
CFDs are traded using margin, so you only need to put up a portion of the position's full value. Leverage increases your market exposure and can magnify both profits and losses.
USTECH is Axi's cash CFD on the Nasdaq-100. Positions held overnight may be subject to financing charges and dividend adjustments.
Both products give you exposure to movements in the Nasdaq-100 without owning the underlying shares. The main differences are how they are priced and how positions held over time are treated.
| Feature | USTECH cash CFD | Nasdaq-100 futures CFD |
|---|---|---|
| What you trade | A cash CFD based on the Nasdaq-100 | A CFD linked to Nasdaq-100 futures |
| Own the underlying shares? | No | No |
| Go long or short? | Yes | Yes |
| Leverage | Yes | Yes |
| Pricing basis | Based on the current Nasdaq-100 market | Based on the underlying Nasdaq-100 futures market |
| Expiry and rollover | No regular futures rollover | Rollover adjustments may apply when the underlying futures contract expires |
| Financing and adjustments | Overnight financing and dividend adjustments may apply | Futures rollover adjustments may apply |
| Contract size | Generally smaller | Generally larger |
| Trading hours | Generally longer | May differ based on the underlying futures market |
| Typical use | Short-term or active Nasdaq-100 trading | Futures-based Nasdaq-100 exposure |
Introduced in 1985, the NASDAQ 100 swiftly emerged as the premier benchmark for assessing the performance of the largest non-financial companies listed on the NASDAQ exchange.
Its performance has been heavily influenced by the growth of the technology sector and other large Nasdaq-listed companies. The index has also experienced significant periods of volatility, including the dot-com crash, the global financial crisis and the sharp market sell-off in 2020.
Because the index has a relatively high exposure to growth companies, it can be particularly sensitive to changes in interest rates, bond yields and expectations for future economic growth.
Past performance is not a reliable indicator of future results.
The Nasdaq-100 moves according to the share prices of its constituent companies, but several broader factors can affect the index.
Key factors include:
- Company earnings: Results and forecasts from larger Nasdaq-100 companies can have a significant impact on the index.
- Federal Reserve policy: Interest-rate decisions and expectations for future monetary policy can affect the valuations of growth companies.
- US Treasury yields: Higher bond yields can put pressure on growth-stock valuations, while falling yields may provide support.
- US economic data: Inflation, employment, GDP and consumer spending can change expectations for economic growth and interest rates.
- Technology and semiconductor trends: Developments in AI, cloud computing, semiconductors and other major technology industries can influence some of the index's largest companies.
- Market sentiment: Changes in investors' appetite for risk can cause rapid moves across technology and growth stocks.
- Index rebalancing: Changes to the composition or weighting of the Nasdaq-100 can affect individual constituents and trading activity around the index.
- Geopolitical and regulatory developments: Trade restrictions, regulation and major geopolitical events can influence US equity markets.