I am confused!! Index trading

[asxtraderr]

hello guys, i am highly confused. i have been searching info on australian index futures since a few days but i am unable to understand. What is aussie200 index? is it different from asx200 index? then SPI is derivative of which index? On which exchanges are these indices traded? What does snapshot data mean?? How is it different from normal intraday data? And why are there different timings and different charges for data download(based on time)?

i want to trade only australian index futures(online) and i am from India. Here in India the system of trading is quite different. We dont have 24 hour trading like SPI and we dont have Snapshot datas either and on variable charges for data download as per time.

If you could answer my questions then it would be of great help for me. i have checked the exchange websites, but info isnt clearly given(atleast for a non aussie trader). i trade Indian indices and have many years of trading experience. Wanted to expand to other markets n so running behind aussies

 

[asxtraderr]

Also on which exchange is Australia All Ordinaries index traded? i think its a 300 share index. Correct me if i am wrong.

i have EOD data subscription for All Ordinaries available in India and have been tracking it since 2006.

Are futures traded on All Ordinaries ?

 

[Seneca60BC]

Hi there

The Aussie200 is basically the ASX200 -which goes under the code of XJO - put XJO in your lookup and you will find it. Do not know what the code for ASX300 is.

Cheers

 

[Timmy]

The SPI is based on the S&P/ASX200 Index. The SPI is traded on the Sydney Futures Exchange (which is part of the Australian Securities Exchange, or ASX).

The All Ordinaries is an index calculated from (approx.) the biggest 500 companies on the ASX. Link to info.

The 'Aussie200' you refer to is probably the product offered by a CFD provider (CMC Markets), this is proprietary product you trade through CMC, it is not an exchange-traded product like the SPI.

Snapshot data is non-streaming data captured at a specific point in time. Means different things depending on vendor etc.

Hope this helps.

 

[fimmwolf]

The various Australian indices are listed on the yahoo finance site:

http://au.finance.yahoo.com/indices

 

[asxtraderr]

thanks everyone for replying. Now things are clear in my mind

 

[asxtraderr]

Suppose i get 'snapshot data' from a broker after every 1 hour, then it is equivalent to 60min data. Am i right?

Am not getting the meaning of this SNAPSHOT term.

The hourly snapshot data will mean after every hour, i get a bar with open high low close for that WHOLE hour?? Its just that it wont be refreshed live, right?? Please confirm

 

[Trembling Hand]

Suppose i get 'snapshot data' from a broker after every 1 hour, then it is equivalent to 60min data. Am i right?

Am not getting the meaning of this SNAPSHOT term.

The hourly snapshot data will mean after every hour, i get a bar with open high low close for that WHOLE hour?? Its just that it wont be refreshed live, right?? Please confirm

NO.

It will mean you will get a 'snapshot' of the days trade up to that point.

OHLC to that point. not hour bars.

 

[asxtraderr]

NO.

It will mean you will get a 'snapshot' of the days trade up to that point.

OHLC to that point. not hour bars.

Oh i thought till now that hourly snapshot data means 60 min data(hourly bars). Thanks for informing me TH. We can trade using hourly charts(hourly bars), but this hourly snapshot data is of no use to a trader. It must be only for non-traders. Is it?