What is S&P500m?
S&P500m is an option on the S&P 500 Index. The S&P500m is a variant version of SXP that offers smalller contract sizes for tradres. This allows traders to reach a desired exposure more accurately. With 1/10th of the S&P 500 contract size, S&P500m (XSP) allows investors to efficiently gain broad market exposure with a single trade.
What is SPX?
S&P 500, also known as Standard and Poor’s 500, is widely considered as the best single instrument of large U.S. equities. S&P 500 is also seen as a reflection of the performance of the large cap universe, in which economists select companies. Standard and Poor’s 500 is a capitalization-weighed index of the top 500 U.S stocks. The stocks in S&P 500 are some of the largest stocks in United States, many of which are blue chip companies in United States.
This high performance index consists of over 7.8 trillion dollars. S&P 500 list of companies is checked and rebalanced four time a year, assuring that S&P 500 eligibility criteria are met. Having contained some of the most profitable shares in the United Stated, this influential index has excellent potential for successful CFD trading.
It is important to keep in mind that with indices that include blue-chip companies, like S&P 500, dramatic highs and low can be reached. Traders must trade cautiously and strategically to achieve profits.
For successful CFD trading, PCM International offers access to accurate real-time S&P 500 forecasts, charts and updated news on American economics events. Traders can seek profit from the fluctuations that are provided by the news based on the economic events of the U.S. With PCM International, traders are able to benefit from professional trading platforms that enable them to use advanced CFD trading strategies. In addition, trading Standard and Poor’s through PCM International allows you to leverage your exposure to market movements for maximum profit.
A key factor of trading CFD’s successfully is being educated about potentially profitable trading opportunities and knowing it’s in-depth specifications and benefits. The table below is provided for further details about the index.
Contract Specifications for S&P500m
|Class||Equity Index (stock market index)|
|Description||Index representing 500 top U.S. and International stocks|
|Standard Tradable Quantity (also called a LOT)||10 S&P500m contracts|
|Minimum Tradable Quantity (the fraction of lot available to trade)||1 S&P500m contract|
|Base Currency (Currency used for margin, P&L and other calculations)||United States Dollars|
|Tick Size (The least incremental change in the price of the index)||0.1|
|Tick Value||10 USD|
|Margin in Percentage||1%|