The FRA40’s underlying instrument is the CAC40 index future. The CAC40 is the benchmark stock market index of the Euronext Paris: i.e. Airbus, Alcatel-Lucent, AXA, BNP Paribas, L’Oreal, Orange, Vivendi, Societe Generale, Renault, Michelin, Solvay etc.
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 FRA40 has a target spread of 1 pip/point.
Max Contract Size
The maximum number of contracts per click (trade) for the FRA40 is 5,000.
Minimum Pip Cost (Value)
The FRA40 has a minimum value of €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 FRA40 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 FRA40 Contracts are currently equivalent to one CAC 40 Future.
The FRA40 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 the FRA40.