The AxiTrader team is excited to welcome the addition of ten new products – including indices and commodities – to give traders access to new markets and opportunities across the world. Read on to find out what’s new…
The IT40 is based on the FTSE MIB index, which contains the 40 most actively traded stocks on the Borsa Italiana – Italy's only stock exchange. Some of the most prominent companies in this index are UniCredit, Generali, Eni and Fiat Chrysler Automobiles. The Italian index is one of the major European stock indices, and therefore a popular trading instrument.
Traders looking to speculate on the direction of movement of the broad Italian stock market.
The IT40 will be tradable from Monday to Friday between 09:00 and 17:40 (Milan Time).
The IT40 index captures roughly 80 % of the Italian market capitalization.
The US2000 is based on the Russell 2000 Index – a American based small-cap stock market index that contains the bottom 2000 stocks of the Russell 3000 index.
Traders can use this index to trade the broader US stock market without having an exposure to the blue chips stocks and tech giants such as Apple, Google and Amazon.
The US2000 can be traded from Sunday 18:00 to Friday 17:00 (New York Time).
Many investors see the US2000 index as an important indicator for the overall health of the US economy, as it measures the performance of small to medium-size business focused on the domestic market.
The SPA35 is based on the IBEX 35 (Bolsa de Madrid). It is the benchmark stock index in Spain and consists of the 35 most liquid Spanish stocks. Those include the banking giant Santander, the oil company Repsol and the clothing multinational Inditex.
Traders looking to speculate on the direction of movement of the broad Spanish stock market.
Trading hours for the SPA 35 are Monday to Friday from 08:00 to 20:00 (Madrid Time).
Financial services companies have a large impact on the IBEX 35 - Spain´s largest bank Santander has weighing of almost 15 %.
The SWI 20 is the blue-chip stock market index of Switzerland – comparable to the Dow Jones in the United States. The index consists of the 20 largest and most liquid Swiss stocks, and it contains mostly defensive stocks such as Nestle, Novartis, Roche and Swiss Re.
Traders looking to speculate on the direction of movement of the broad Swiss stock market.
The SWI20 can be traded Monday to Friday from 08:00 to 22:00 (Zurich Time).
Healthcare companies make up 37 % of the SWI20 index composition.
The NETH20 is based on the AEX – the leading market-value-weighted stock index in the Netherlands. Some of the companies included in the index are Royal Dutch Shell, Unilever, ING and Philips.
Traders looking to speculate on the direction of movement of the broad Dutch stock market.
Trading hours for the NETH20 are Monday to Friday from 08:00 to 22:00 (Amsterdam).
The AEX Index is reviewed four times a year, with the one in March being an all-round annual review.
The NIFTY50.fs is based on the Nifty 50 Index Futures traded on the Singapore Stock Exchange. It is quoted in USD and represents the weighted average of 50 Indian companies in 12 sectors.
Traders looking to speculate on the direction of movement of the broad Indian stock market.
The trading instrument will be available from Monday at 06:30 to Saturday at 02:10 with breaks between 15:40-16:10 and 02:10-06:30 (Mumbai).
Nifty rhymes with fifty!
The most popular and most commonly traded precious metal in the world.
Traders who want to hold a Gold position for an extended period of time, and therefore wish to avoid daily swap charges. For the Gold.fs only rollovers apply, but no swaps are credited/debited.
Gold.fs can be traded from Sunday 18:01 to Friday 16:59 with a daily break between 16:59 and 18:01 (New York Time).
Gold is seen as safe haven and hedge against inflation.
Silver is the second most popular precious metal in the world. By trading volumes, Silver is only second behind Gold.
Same as for Gold.fs, traders who wish to hold Silver positions for an extended period of time, and therefore wish to avoid daily swap charges. For the Silver.fs only rollovers apply, but no swaps are credited/debited.
Silver.fs can be traded from Sunday 18:01 to Friday 16:59 with a daily break between 16:59 and 18:01 (New York Time).
Over the last 50 years, silver and gold prices have gone in the same direction on more than 70 % of all trading days.
The CBOE Volatility Index (VIX) is a measure of the expected volatility implied by S&P 500 index options. The index is also known as “fear index”. When the VIX is trading below 30, it signals that investors are calm and don’t expect high market volatility in the near-future. On the other side, a reading above 30 could indicate that the market is bracing for higher volatility in the short-term.
Traders who are expecting either a sudden increase/decrease of market volatility might use the VIX.fs instrument to express their view.
VIX.fs can be traded from Sunday 17:00 to Friday 16:00 with daily breaks from 15:15 to 15:30 and 16:00 to 17:00 (Chicago Time).
The VIX should not be seen as a predictor of future market volatility. Furthermore, an increase in volatility doesn´t necessarily mean the stock market will decline.
The Dollar index is the measure of the US Dollar relative to the value of a basket of currencies. It is a trade-weighted index and the EUR/USD currently makes up most of the index (57.6 %), followed by the Japanese Yen at 13.6 % and British Pound at 11.9 %.
Traders who want to speculate on the movement of the US Dollar, but don’t have a specific currency pair in mind or want to reduce the risk of having too much exposure in a specific currency. For example, a trader might expect an increase of the US Dollar in the short-term. Instead of picking a specific currency pair – such as GBP/USD which could be heavily affected by e.g. major Brexit developments – he/she may decide to trade the Dollar Index. While the Dollar Index would also be affected by any sudden moves in the British Pound, the impact would be significantly lower than on GBP/USD, as the British Pound only has a 12 % weighting.
USDINDEX.fs is available from Sunday 22:00 to Friday 16:58 with daily breaks from 16:58 to 20:00 (New York Time).
The index was criticized for having a too high weighting in European currencies and not including the Australian Dollar - one of the major trading currencies.
The information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.
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A new Financial Year presents an opportunity to reflect on what’s been achieved in the previous twelve months. So, while we’ve been in the thick of all the number crunching, we wanted to share some quick highlights and reflections from the past year from an AxiCorp perspective.