Australian (ASX) Stock Market Forum

CFD Questions

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$20shoes said:
What CFD brokers offer Buy Stop Limit orders? (That is, if I expect prices to move higher, I want to trigger a buy stop and only have my order filled if CFDs can be purchased within my my specified range).

Moving away from GoMarkets, there doesnt seem to be many - City Index do not, nor does IG Markets. I can't believe these contingent orders are not more common - if you're not in front of your screen how do you deal with gaps or orders filled at some faraway price caused by some fast movement.
Assume I may have to start forking out for IRESS platform??
Click to expand...

Pretty sure IG does have it. Used it before, minimal slippage. I would suspect City Index to have it too, its a standard conditional order.
 
City Index don't, well at least on their demo (which I assume is fully functioning). They all have buy/sell stops and when you talk to them about stop limit orders they think you are tying to set a profit target.

Have just been speaking to First Prudential. They DO offer these contingent orders both though the SP Global (SAXO) platform and IRESS.
 
Okay. Thanks ojm. I looked at their video tour on placing conditional orders and it didn't cover this, not did it look like an option. My bad!
 
$20shoes said:
City Index don't, well at least on their demo (which I assume is fully functioning). They all have buy/sell stops and when you talk to them about stop limit orders they think you are tying to set a profit target.

Have just been speaking to First Prudential. They DO offer these contingent orders both though the SP Global (SAXO) platform and IRESS.
Click to expand...

For the sake of posterity, that is of course FP Global as opposed to "SP", :rolleyes:
 
A quick question regarding Dividends.

I know when you are short a stock and it goes ex div you have to pay up but what if i short the Aussie 200 (though IG) will I have to pay for any divs if i hold over night?

if so how can i calculate the amount this would be?
 
I dont know for sure, but i know from my experience with IG that they will try and sting you as much as possible on their mm platform. Havent had any experience with the L2 DMA platform
 
investorpaul said:
A quick question regarding Dividends.

I know when you are short a stock and it goes ex div you have to pay up but what if i short the Aussie 200 (though IG) will I have to pay for any divs if i hold over night?

if so how can i calculate the amount this would be?
Click to expand...

Usually yes, I'm using GFT and divs are taken out in full, it comprises whatever companies pay dividends that day.

The only way to calculate in advance is to know which companies go ex-dividend that day and what the payout is. If you find out a way please post it here.:)
 
investorpaul said:
A quick question regarding Dividends.

I know when you are short a stock and it goes ex div you have to pay up but what if i short the Aussie 200 (though IG) will I have to pay for any divs if i hold over night?

You will have to pay if any stock in the ASX200 goes ex-dividend while you have an open contract on their Aussie200.

if so how can i calculate the amount this would be?

Don`t know the formula but I think they use the weight of each stock (ex-divi) in the index, the dividend amount and the size of contract held.
Click to expand...

Ex-dividend dates can be found here. http://www.incomeinvestor.com.au/
 

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