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What are IG's digital 100 CFD product details?

We quote on a wide range of markets, with all digital 100s settling at either zero or 100.

IG Markets Ltd is authorised and regulated by the Financial Conduct Authority. FCA number 195355.

  • Indices
  • Forex
  • Commodities
  • Futures
  • Other markets
  • Notes
Market Type Timescale Contract size
FTSE 100 Ladder, Up/Down, One Touch, Target, Tunnel, Hi/Lo 5 min to weekly £10/point
Wall Street Ladder, Up/Down, One Touch, Target, Tunnel, Hi/Lo 5 min to weekly $10/point
Germany 30 Ladder, Up/Down, One Touch, Target 5 min to weekly €10/point
France 40 Ladder, Up/Down, One Touch Daily €10/point
Italy 40 Ladder, Up/Down, One Touch Daily €10/point
Spain 35 Ladder, Up/Down, One Touch Daily €10/point
Sweden 30 Ladder, Up/Down, One Touch Daily SK100/point
Netherlands 25 Ladder, Up/Down, One Touch Daily €10/point
US 500 Ladder, Up/Down, Target Daily to weekly $10/point
US Tech 100 Ladder, Up/Down, Target Daily $10/point
Singapore Blue-Chip Ladder, Up/Down Daily $10/point
Australia 200 Ladder, One Touch, Tunnel 20 min to weekly A$10/point
South Africa 40 Ladder Daily ZAR50/point
Japan 225 Ladder, One Touch, Tunnel Hourly to Weekly ¥1000/point
Market Type Timescale Contract size
EUR/USD, GBP/USD Ladder, Up/Down, One Touch 5 min to monthly $10/point
AUD/JPY, USD/JPY Ladder, Up/Down, One Touch 5 min to monthly Y1000/point
EUR/JPY, GBP/JPY Ladder, One Touch Daily to monthly Y1000/point
USD/CAD Ladder, One Touch Daily to monthly $10/point
USD/CHF Ladder, One Touch Daily to monthly SF10/point
EUR/GBP Ladder, One Touch Daily to monthly £10/point
AUD/USD Ladder, One Touch Daily to monthly $10/point

 

Market Type Timescale Contract size
US Light Crude Oil Ladder, One Touch Daily to weekly $10/point
Gold, Silver Ladder Daily to weekly $10/point
Market Type Timescales Contract size
China H-Shares futures, Hong Kong HS42 futures Ladder Daily $10/point
All Japan 225, Japan All-Share futures Ladder Daily Y1000/point
Taiwan All-Share futures Ladder Daily $10/point
Market Type Timescale Contract size
Politics: Next UK General Election, Scottish Referendum N/A N/A £10/point
US Jobless Claims Ladder Weekly £10/point
US Non-farm Payrolls Ladder Monthly £10/point

 

Non-UK IPOs

International IPOs will be settled basis the market capitalisation at the close of the first day’s trade. This is defined as the number of shares in issue as quoted by Bloomberg (E&OE) at the end of the first day’s trade multiplied by the share price. For these purposes the number of shares in issue will not include any unexercised stock options or convertible securities.

UK IPOs

UK IPOs will be settled basis the official market capitalisation at the close of the first day of conditional trading. For these purposes market capitalisation is defined as the number of shares in issue as quoted by Bloomberg (E&OE) multiplied by the share price.

Please note: with regard to US markets, where reference is made to London time please apply daylight saving rules to the stated market close times when appropriate.

1. A range of possible digital 100 options will be offered on the daily performance/official settlement of each market. The price quotation for each digital 100 is expressed in points. If the outcome described by the digital 100 option occurs, that digital 100 option will settle at 100. If it does not occur, the digital 100 option will settle at zero.

We offer daily ladders on bitcoin (bitcoin/USD). For digital 100 ladders, quotations are based on the achievement of specified price changes in the spot rate concerned at the specified expiry time each day. The level used for settlement will be the mid-point of IG’s spot price rounded to one decimal place at the specified expiry time for bitcoin (bitcoin/USD).

We offer weekly bitcoin (bitcoin/USD) ladders. These settle against the mid-point of the IG spot price rounded to one decimal place at 8pm each Friday, market holidays permitting.

We offer monthly bitcoin (bitcoin/USD) ladders. These settle against the mid-point of the IG spot price rounded to one decimal place at 8pm on the final business day of each month.

Daily FTSE® 100, Daily Wall Street, Daily Germany 30, Daily France 40, Daily Spain 35, Daily Sweden 30, Daily Netherlands 25, Daily US Tech 100, Daily US 500, Daily Australia 200 and Daily South Africa 40 quotations are based on the achievement of specified daily price changes in the cash markets for each of the nominated indices. (Note: Germany 30 = DAX 30; France 40 = CAC 40; Daily Spain 35 = IBEX 35; Daily Sweden 30 = OMXS 30; AEX 25; US Tech 100 = NASDAQ 100; US 500 = S&P 500; Australia 200 = ASX 200; South Africa 40 = JSE.) Daily Italy 40 quotations are based on the achievement of specified daily price changes in the cash market of the S&P/MIB index.

Daily Hong Kong HS50, Daily Taiwan All-Share, Daily Japan All-Share and Daily China H-Shares quotations are based on the achievement of specified daily price changes in the futures markets for each of the nominated indices. (Note: Hong Kong HS50 = Hang Seng; Taiwan All-Share = TaiEx; Japan All-Share = TOPIX; China H-Shares = H-Shares China index.)

Daily Japan 225 quotations are based on the achievement of specified daily price changes in the Nikkei 225 index on the Tokyo Stock Exchange (TSE).

Daily Singapore Blue-Chip quotations are based on the achievement of specified daily price changes in the SGX MSCI Singapore index futures on the Singapore Futures Exchange (SGX).

Daily India 50 quotations are based on the achievement of specified daily price changes of the S&P CNX Nifty index futures that trade on the National Stock Exchange in India. They settle basis the first new print recorded by Bloomberg (E&OE) at 10.00 (GMT).

FTSE®, Wall Street and Japan 225 OneTouch, Hi/Lo and Tunnel quotations are based on the achievement of specified levels in the cash FTSE, Wall Street and Nikkei 225 cash markets, at any time up to and including the official market settlement (or 12.00 for the FTSE® midday OneTouch; 18.00 for the Wall Street 6pm OneTouch). OneTouch levels are measured by reference to trades recorded by Bloomberg between the start of normal trading and the achievement of the final settlement level of the market each day (E&OE) (or the first new print recorded by Bloomberg (E&OE) at 12.00 London time for the FTSE® midday OneTouch; 18.00 London time for the Wall Street 6pm OneTouch). Hi/Lo and Tunnel levels are measured with reference to the net change in the market (as measured from Bloomberg prints) relative to the previous trading day's settlement level, including the net change on the final settlement level of the market each day (E&OE).

12pm FTSE®, 3pm FTSE®, and 6pm Wall Street quotations are based on the achievement of prices and price changes in the cash FTSE®, or Wall Street markets. Changes are measured from the starting level displayed by us online to the cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at 12pm London time (for the 12pm FTSE®), 15.00 London time (for the 3pm FTSE®), 18.00 London time (for the 6pm Wall Street).

1pm (Sydney time) Australia 200 markets are based on prices and price changes in the cash ASX 200 markets. Price changes are measured from the starting level displayed by us online to the first new print recorded by Bloomberg (E&OE) at 13.00 Sydney time on the day in question.

All non-daily markets and Daily FX quotations are based on our internally specified opening level and settle against the mid-point of the IG spot price at expiry time, rounded to 1 decimal place.

Short-term digital 100s on the FTSE, Germany 30 and Wall Street,  such as the 20-minute FTSE® and 20-minute Wall Street are based on prices in the relevant underlying cash markets (FTSE®, Dax, or Dow). Settlement prices are based on cash price of the relevant underlying index (as reported by the exchange)  in our internal pricing system at the stated time of expiry. For Australia 200 previous close to 11am the change is measured from the official settlement in the previous day's market to the first new print recorded by Bloomberg (E&OE) at 11.00 (Sydney time) of the ASX. Bets will be accepted until one minute before the stated settlement time. All times for Japan 225 Hourly digital 100s are Tokyo times.

Hourly FTSE®, Wall Street quotations and short-term digital 100s such as the 20-minute FTSE® and 20-minute Wall Street are based on prices of the cash FTSE® cash, or Wall Street markets. Settlement prices for these markets are obtained using the cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at the stated time of expiry. Bets will be accepted until one minute before the stated settlement time. 12 noon FTSE® Ladders and 15.00 FTSE® Ladders settle based on the FTSE® cash price (as reported by the exchange) in our internal pricing system at those respective times (London time). Daily FTSE® Ladders settle based on the official cash settlement price of the index, as reported by the exchange.

Weekly quotations are based on the official settlement level of the market concerned (cash FTSE®, cash Wall Street, cash ASX, US 500 futures) on the last trading day of the week in question. Weekly DAX futures are based on first new print recorded by Bloomberg (E&OE) at/after 21.00 London time on the last trading day of the week in question

US Light Crude Oil, Gold and Silver digital 100 quotations are based on the achievement of specified daily price changes in the specified month of the relevant futures contract on the New York Mercantile Exchange. This change is measured by each day's official settlement level, available after each market closes. The markets normally close at 19.30 (Crude), 18.30 (Gold) and 18.25 (Silver), London time.

Daily US Crude OneTouch settles based upon the achievement of specified price levels as recorded by Bloomberg (E&OE). OneTouch levels are measured by reference to trades recorded by Bloomberg (E&OE) at any time between 08.00 and the first new print at 19.30 London time. The trade settles at 100 if Bloomberg prints the specified level between these times. Official expiry level will be treated as a trade between these times and will count towards settlement.

We offer daily FX digital 100 options on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/GBP, AUD/USD, AUD/JPY, EUR/JPY and GBP/JPY. We offer digital 100 Ladders and OneTouches on these markets. For digital 100 Ladders, quotations are based on the achievement of specified price changes in the spot rate concerned at the specified expiry time. The level used for settlement will be the mid-point of IG’s spot price rounded to 1 decimal place)  at the specified expiry time for the relevant currency pair.

We offer weekly FX digital 100 Ladders on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/GBP, AUD/USD, AUD/JPY, EUR/JPY and GBP/JPY. These settle against the mid-point of the IG spot price rounded to 1 decimal place at 8pm each Friday, market holidays permitting.

We measure monthly FX OneTouch levels by reference to the mid-point of IG’s spot price between the start of the month and 16.00 (London time) on the last business day of the month. We measure daily FX OneTouch levels with reference to the mid-point of IG’s spot price in the specified period.

Up/Down 5-minute digital 100s on EUR/USD, GBP/USD, AUD/USD and USD/JPY are tradable 24 hours a day and settle against the mid-point of the IG spot price at expiry time. We will accept trades 30 seconds after the start of each five-minute period until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

Up/Down digital 100 options on equities settle based on the achievement of price changes between the specified starting price and official close.

FTSE® Up/Down 5-minute bets settle based on prices in the FTSE® 100 cash index (as reported by the exchange)  in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the stated settlement time (ie 30 seconds before expiry of the five-minute period in question).

Germany 30 Up/Down 5-minute bets settle based on prices of the DAX 30 cash index (as reported by the exchange) in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

Wall Street Up/Down 5-minute bets settle based on prices of the Dow cash index (as reported by the exchange) in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

‘stated settlement time’ refers to the second named time in a particular digital 100 market (e.g. 14.00 for a FTSE 13.00 – 14.00 market)

2. Our spread on digital 100 options will vary according to the level of the price quotation and the time to expiry.

3. If the event described occurs, the digital 100  option will settle with a value of 100. In all other events the digital 100 option will settle at zero. For the purpose of digital 100 options, the Australia 200, Singapore Blue-Chip and Japan All-Share price in question will be rounded to one decimal place; the FTSE®, Wall Street, Japan 225, Germany 30, France 40, Spain 35, Sweden 30, Netherlands 25, US Tech 100, US 500 and India 50 prices will be rounded to two decimal places; Italy 40, Hong Kong HS50, Taiwan All-Share and China H-Shares prices will be rounded to the nearest whole number and all forex spot rates will be rounded to one decimal place. Daily digital 100 shares bets will settle to two decimal places. If a market settles exactly on a digital 100 option barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of contract settlement. For instance, if the FTSE® 100 closes exactly 20 points up, the FTSE®+10/+20 will settle at zero and the FTSE® +20/+30 will settle at 100. Likewise, if the ASX 200 settles exactly 25 points down, the ASX -25/-50 will settle at 0 and the ASX 0/-25 will settle at 100.

OneTouch digital 100 options will settle at 100 if the underlying market touches or goes through the relevant barrier at any time up to and including the specified expiry time. For daily index markets the official settlement will counts. Tunnel digital 100s will settle at 100 if the underlying market does not touch or go through either barrier stated at any time up to and including the official market settlement. Relevant net changes will be measured from previous day’s official close as recorded by Bloomberg Prints (E&OE).

4. 24 hours dealing starts at 23.30 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday (please note that prices for European and US indices are only available from 07.30 on Monday morning, however).

Daily FTSE® and Daily FTSE® Ladder: 24 hours (with gaps). Trades will be accepted until one minute before the close of the underlying market. The closing time for the FTSE® is normally 16.30 (London time). Note that, although the UK market typically closes at 16.30, all digital 100 options will be closed based upon the official daily settlement, which in turn is dependent upon the daily closing auction. This official settlement price is typically made public around five minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.

Daily Wall Street and Daily Wall Street Ladder: 24 hours (with gaps). Trades will be accepted until one minute before the close of the market. The closing time for Wall Street is normally 21.00 (London time). Note that, although Wall Street typically closes at 21.00, all digital 100 options will be closed based upon the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 21.00 price of the underlying index.

Daily Germany 30 and Daily Germany 30 Ladder: From 17.00 (London time) of the previous trading day until one minute before the close of normal trading of the DAX 30 index. The close of normal trading is usually at 16.30 (London time). Note that digital 100 options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

Daily France 40 and Daily France 40 Ladder: Trades will be accepted from 08.01 (London time) until one minute before the close of the underlying market. The closing time for the France 40 is normally 16.30 (London time). Note that digital 100 options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

Daily Italy 40 and Daily Italy 40 Ladder: From 08.03 (London time) until five minutes before the close of normal trading of the S&P/MIB index. The close of normal trading is usually at 16.25 (London time). Note that digital 100 options will be settled based upon the official settlement level of the index, which may not be announced until several minutes after the close of the market and may differ from the market's 16.25 level.

Daily Spain 35 and Daily Spain 35 Ladder: From 08.03  (London time) until one minute before the close of the underlying market. The closing time for the IBEX 35 is normally 16.30 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

Daily Sweden 30 and Daily Sweden 30 Ladder: From 08.05 (London time) until five minutes before the close of the underlying market. The closing time for the OMXS 30 is normally 16.25 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

Daily Netherlands 25 and Daily Netherlands 25 Ladder: From 08.05 (London time) until five minutes before the close of the underlying market. The closing time for the AEX 25 is normally 16.30 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

Daily US Tech 100 and Daily US Tech 100 Ladder: From 22.00 (London time) of the previous trading day until one minute before the close of the NASDAQ 100 index. The NASDAQ 100 index normally closes at 21.00 (London time). Note that digital 100 options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

Daily US 500 and Daily US 500 Ladder: From 22.00 (London time) of the previous trading day until five minutes before the close of the S&P 500 index. The S&P 500 index normally closes at 21.00 (London time). Note that digital 100 options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

Daily Australia 200 and Daily Australia 200 Ladder: From 10.01 until 15.59 (Sydney time). Note that digital 100 options will be settled based upon the official settlement level of the ASX 200. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.00 (Sydney time) level. Australia 200 OneTouch digital 100s are based on the achievement of specified levels of the cash ASX 200 index at any time up and including the official settlement, prices being as recorded by Bloomberg (E&OE).

Daily South Africa 40 and Daily South Africa 40 Ladder: From 07.05 to 14.50 (GMT). Note that digital 100 options will be settled based upon the official settlement level of the JSE index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 14.50 (GMT) level.

Daily Hong Kong HS50 and Hong Kong HS50 Ladder: From 01.16 to 03.59 (GMT) and then from 05.01 (GMT) until two minutes before the close of the Hang Seng Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the Hang Seng Index futures is normally 08.15 (GMT). All digital 100 options will be closed based upon the official daily settlement price of the Hang Seng index futures as reported by HKFE.

Daily China H-Shares and China H-Shares Ladder: From 01.16 to 03.59 (GMT) and then from 05.01 (GMT) until two minutes before the close of the H-Shares China Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the H-Shares China Index futures is normally 08.15 (GMT). All digital 100 options are settled based upon the official daily settlement price of the H-Shares China index futures as reported by HKFE.

Daily Japan 225 and Japan 225 Ladder: From 09.03 (JST) until 14.59 (JST). All digital 100 options are settled based upon the official daily settlement price of the Nikkei 225 as reported by TSE. Daily Japan 225 Tunnels: From 09.03-11.29; 12.31-2:59 (JST). When the net change of the Nikkei 225 index breaches either of the levels indicated in the name of a range, the option will immediately settle at 0. If the stated levels have not been breached by expiry, the digital 100 will settle at 100. The net change is calculated basis the difference between Nikkei 225 cash ticks and the previous closing price as reported by Bloomberg (E&OE).

Specials: Economic data (US Non-farm Payrolls and US Initial Jobless Claims)

Economic Data bets (US Non-farm Payrolls and US Initial Jobless Claims) are settled based on the officially reported figures. Note that if a market settles exactly on a digital 100 option barrier (after rounding), that market will be taken to have settled above the barrier for the purposes of contract settlement. Subsequent revisions to data will not be taken into account for the purpose of bet settlement.

Politics: Next UK General Election, Scottish Referendum, UK European Election

Next UK General Election digital 100s based on which party will achieve a parliamentary majority, will be settled against the official result of the next UK General Election, whenever that takes place.

Scottish Referendum digital 100s will be settled based on the official results of the Scottish independence referendum. All open positions will be considered void if there is no referendum before the end of 2014.

UK European Election digital 100s will settle basis the official results of the next European Parliament election

Subsequent revisions to data will not be taken into account for the purpose of bet settlement.

Next UK General Election, Scottish Referendum and UK European Election digital 100s: from 08.00-21.00 (London time), Monday to Friday.

5. The margin requirement for buying a digital 100 option is equal to the contract value (which is the opening price multiplied by the contract size).

The margin requirement for selling a digital 100 option is equal to (100 minus the opening price) multiplied by the contract size.

6. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via the trading platform.

7. If there is no flotation by the date quoted for each market then all bets will be void.

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