The US30’s underlying instrument is the E-Mini Dow Future. The Dow Jones Index Consists of 30 major American companies: i.e. AMEX, Boeing, Chevron, Coca-Cola, DuPont, GE, Goldman Sachs, Intel, IBM, Microsoft, Nike, 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. Friedberg Direct’s Index Products do not expire, but Friedberg Direct indices will not be open for trading during holidays in which the reference markets are closed.
The US30 has a target spread of 2 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for US30 is 4,000.
Minimum Pip Cost (Value)
The US30 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 US30 is 1 pip/point. Friedberg Direct’s pricing displays two additional decimal places - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
50 Friedberg Direct US30 Contracts are currently equivalent to one E-mini Dow Future.
The US30 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 US30.