The EUSTX50’s underlying instrument is the Euro Stoxx 50 Future. The Euro Stoxx 50 is an index of European listed shares designed by Stoxx Ltd, an index provider owned by Deutsche Börse and SIX Group and contains the largest companies in Europe (i.e. Allianz, Deutsche Bank, Inditex, Repsol, Unilever).
Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide.
Please click here for trading hours.
Please note, however, that hours are subject to change based on Daylight Savings Time. Also, Friedberg Direct’s Index Products do not expire, but Friedberg Direct indices will not be open for trading during in which the reference markets are closed.
The EUSTX50 has a target spread of 1.9 pip/point.
Max Contract Size
The maximum number of contracts per click (trade) for the EUSTX50 is 5,000.
Minimum Pip Cost (Value)
The EUSTX50 has a minimum value of EUR 0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 1.0 price movement on the EUSTX50 is 1 pip/point. Friedberg Direct’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
100 Friedberg Direct EUSTX50 Contracts are currently equivalent to one EURO STOXX Index Future.
The EUSTX50 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend payments will be applied as debit/credit within the rollover amount for your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement.
With Friedberg Direct’s new Enhanced Execution, there is no minimum stop distance for EUSTX50.