Meridian

Indices

Trade the index, not one company

An index CFD follows a basket of shares, such as the large US names in the US 500 or the London names in the FTSE. You take a view on the market as a whole. Index hours often run longer than the underlying cash session, with a daily break.

The London skyline

01 — Indices

One price for a market

Instead of picking a company, you trade the index level. A broad selloff shows up here even if you do not know which name led it.

Open account

02 — Indices

Cash indices

Cash CFDs do not expire on a futures date. You can hold them, and overnight financing applies.

Open account

03 — Indices

Opens and data

The cash open, payrolls, inflation and central-bank decisions are the hours when index prices move fastest.

Open account

04 — Indices

Still a CFD

You do not own the constituent shares. The contract pays the difference in the index level, in USD.

Open account

Index levels

Regional benchmarks. These are index points, not a share price.

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Many shares, one price
Basket
No expiry on cash CFDs
Cash
Rates and data
Macro
Resulting P&L
USD

One price for a market

Instead of picking a company, you trade the index level. A broad selloff shows up here even if you do not know which name led it.

Cash indices

Cash CFDs do not expire on a futures date. You can hold them, and overnight financing applies.

Opens and data

The cash open, payrolls, inflation and central-bank decisions are the hours when index prices move fastest.

Still a CFD

You do not own the constituent shares. The contract pays the difference in the index level, in USD.

Benchmarks on the desk

Names vary by region. Search the index you follow rather than assuming a ticker from another platform.

  • US 500, Wall Street and US Tech cover large parts of the American market.
  • Germany 40, France 40 and EU stocks track continental Europe.
  • UK 100 and Australia 200 follow those domestic sessions.
  • Japan 225 and Hong Kong indices follow Asian hours.

How index risk shows up

An index feels calmer than a single share until a macro day. Then the whole book moves together.

  • Your other trades may fall at the same time as the index.
  • A stop can be skipped if the price gaps on the open.
  • Extended hours are thinner. Spreads widen.
  • Financing accrues if you hold through the daily roll.
  1. 01

    Pick the region

    Choose the index that matches the economy you have a view on.

  2. 02

    Note the break

    Many index CFDs pause around the daily roll. You cannot adjust a position during that break.

  3. 03

    Size to the point value

    A one-point move is a cash amount. Read it on the ticket before you increase contracts.

FAQ

Is this the futures contract?

Cash index CFDs track the index with financing. They are not the exchange-listed future, and they do not expire on the futures calendar.

Why is the CFD price off the cash index?

Outside the cash session the CFD follows related futures and can sit away from the last official close.

Do I get the dividends?

Index points drop when constituents go ex-dividend. The CFD is adjusted so you are not simply disadvantaged by that drop.