What does SPI 200 stand for?
The SPI 200 Futures contract is the benchmark equity index futures contract in Australia, based on the S&P/ASX 200 Index. It provides all the traditional benefits of equity index derivatives. The SPI 200 is ranked in the top 10 equity index contracts in Asia in terms of traded volume.
What is the point value of the SPI 200 futures contract?
In this case, an ASX SPI 200 futures contract gives the owner the right to receive $25 in cash for each index point that the index is trading at, at a specified future point (expiration date) in time. So if the S&P/ASX 200 Index was trading at 5000 points at expiry, one SPI futures contract would be worth $125,000.
What is the ASX futures today?
ASX 200 Futures Discussions
| S&P/ASX 200 | 7,286.60 | +1.45% |
|---|---|---|
| ASX 200 Futures | 7,286.50 | +0.28% |
| ASX All Ordinaries | 7,522.60 | +1.48% |
| US 500 | 4,201.80 | +1.05% |
| Dow Jones | 33,212.96 | +1.76% |
Is futures trading available in Australia?
ASX’s New Trading Platform (NTP) provides unparalleled access to Australia’s futures markets. Providing significant benefits to customers, it offers rich functionality, technical enhancements, improved latency and pre-trade risk management for all products on the ASX 24 market: Interest rate futures and options.
What is the code for ASX SPI 200?
SFE SPI 200 Index Jun ’22 (APM22)
Can you invest in the ASX 200?
You can’t directly invest in the ASX 200 because it is an index, rather than a tangible asset like oil or stocks. However, you can get exposure to its price by investing directly in ASX 200 ETFs or individually-listed ASX 200 shares.
How is ASX futures calculated?
ASX 30 Day Interbank Cash Rate Futures Because the 30 Day Cash Rate Futures contract has a fixed tick variation, margins are calculated by multiplying the number of price movements (in points terms) by the fixed tick dollar value of $24.66 per 0.01% move by the number of contracts traded.
What is ASX SPI 200?
What are ASX SPI 200™ Futures? ASX SPI 200™ Futures are the benchmark derivative product for investors trading and hedging in the Australian equity index market.
What time do ASX futures open?
Between 4:00 pm and 4:10 pm, Sydney time, the market is placed in Pre-CSPA….Equity market phases (Sydney times)
| 7am – 10am | Pre-open |
|---|---|
| 10am* | Open |
| 10am – 4pm | Normal Trading |
| 4pm – 4:10pm | Pre CSPA |
| 4:10pm – 4:12pm | Closing Single Price Auction |
What exchange do futures trade on?
Examples of futures markets are the New York Mercantile Exchange (NYMEX), the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBoT), the Cboe Options Exchange (Cboe) and the Minneapolis Grain Exchange.
What is the code for ASX futures?
ASX 24 commodity codes
| Code | Commodity | Date Delisted |
|---|---|---|
| AP | ASX SPI 200 Index Futures | |
| AP | Options on SFE SPI 200 Index Futures | |
| AR | Amcor Ltd Individual Share Futures | 25/05/2006 |
| AR | S&P / ASX 200 Resources Index Futures |
Are Sharesies worth it?
Sharesies is ideal for smaller scale investors who want access to US and Australian shares as well as shares in NZ. With no required minimum balance, no minimum trade amount, fractional share trading, and an easy to use website, Sharesies makes investing easy for everyone.