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Article: Betting on the market's highs and lows.(Share Price Index Intra-Day Option)(Brief Article)
- Article from:
- Australasian Business Intelligence
- Article date:
- April 19, 2005
- Author:
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr 19, 2005 (The Australian - ABIX via COMTEX)
Speculative traders have two products that allow them to bet on the movement of the Australian sharemarket. The Sydney Futures Exchange (SFE) introduced the Share Price Index Intra-Day Option (SPIDO) in October 2004. It is a cash-settled options contract based on the SFE's Share Price Index 200 Futures, with a life cycle of one day. IG Markets introduced binary contracts for difference (CFD) in March 2005. The binary CFD represents the probability of a discrete event occurring, such as the sharemarket closing up or down.
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