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Wall Street Index CFD
Indices
What is World Indices CFD?
Contract Details | Order Types            
Example of Long Trade | Example of Short Trade      
Participate in the world’s large and vibrant capital market, NYSE, where all global traders look to for making their their daily trading decisions. With the financial crisis in recent times, the limelight has been on the US market and how it affects performance of the other global markets. Many investors may not be familar with the individual companies in US, but that does not mean they have to lose out on the opportunities that the volatility of the US market can bring. If you are looking for such opportunities but are unfamiliar with individual US companies to pick the right stocks to trade in, we have the trading instrument just for you.
The Wall Street Index CFD is a form of Contracts for Difference (CFD) that allows clients to trade the underlying index, although the prices may differ from the actual index levels. It tracks the level of the index and, thus, provides clients a cost-effective way to diversify their portfolio. Take a bullish or bearish view with the Wall Street Index CFD by going long or short respectively. And with a leverage of 20 times, use the Wall Street Index CFD to make your money work harder for you.
Contract Details
CFD (Index) Commission
* Rates subjected to changes.
GST on Commission
* Finance Charges
* Based on 100% mark-to-market contract value
* Rates subjected to changes
Contract Details Current Promotion (s)
Wall Street
Index CFD
US$10
(per side / lot basis)
Long : 5.0% p.a. (DR)
Short : 4.0% p.a. (DR)

Based on 100% mark-to-market contract value
Margin Requirements:
5%
Min Trade Size:
1
Target Spread:1
4 / 6 pts
Value of 1 Index Point:
US$1
Contract Size:
US$1 x Price of Index
Trading Hours (SGT):
7:00 am - 4:00 am (DS)
or
7:00 am - 5:00 am (Non-DS)
From 1 Apr to 30 Jun 2010,

Commission
i) US $5 per side / lot

From 1 Apr - 31 Dec 2010,

All Trades
ii) Waiver of rollover commission for this index
1 Please refer to World Indices Infosheet for more information.
(DS) / (Non-DS): Refers to Daylight-Saving and non-Daylight Saving Times respectively for the US timezones.
To view more trading promotions, visit our Global Rates & Promotions page
Wall Street Index CFD is traded and settled in USD. There will be NO auto-conversion for USD should there be any margin deficit in these currencies. Should there be any margin deficit in the respective ledger, clients should submit conversion request to avoid incurring margin debit interest.
Order Types
  • Market Order
  • Limit Order
  • Stop Order
Protect your profits and minimise your losses with the use of order types such as market and stop orders. Have more control over your Wall Street Index CFD order submission with the ability to indicate the order type you desire instead of being determined by the system based on price submitted on POEMS and CFDTrader.
Example of Long Trade
A client is bullish on Wall Street Index CFD and buys 1 contract worth US$13,500 at a price of 13,500.
The value of 1 index point is US$1.
Scenario 1:
Positions are closed 4 days later at a higher value. The client sells his position at a price of 13,600.
  CFD Bid CFD Ask CFD Closing Price
Day 1 13,494 13,500 13,547
Day 2 - - 13,569
Day 3 - - 13,584
Day 4 13,600 13,606 -
Scenario 2:
Positions are closed 4 days later at a lower value. The client sells his position at a price of 13,400.
  CFD Bid CFD Ask CFD Closing Price
Day 1 13,494 13,500 13,547
Day 2 - - 13,480
Day 3 - - 13,442
Day 4 13,400 13,406 -
Example of Short Trade
A client is bearish on Wall Street Index CFD and short sells 1 contract worth US$13,500 at a price of 13,500.
The value of 1 index point is US$1.
Scenario 1:
Positions are closed 4 days later at a lower value. The client buys back his position at a price of 13,355.
  CFD Bid CFD Ask CFD Closing Price
Day 1 13,500 13,506 13,581
Day 2 - - 13,502
Day 3 - - 13,467
Day 4 13,349 13,355 -
Scenario 2:
Positions are closed 4 days later at a higher value. The client buys back his position at a price of 13,724.
  CFD Bid CFD Ask CFD Closing Price
Day 1 13,500 13,506 13,581
Day 2 - - 13,622
Day 3 - - 13,699
Day 4 13,718 13,724 -
Index CFD is a highly leveraged trading instrument, and you can lose more than what you put in.
 
CFD is a leveraged product and carries a high level of risk. As it is possible to lose more than your initial investment, this product may not be suitable for all investors. Please read the Trading Terms & Conditions and Risk Disclosure Statement before investing in this product.

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