Trading » The Markets
Sapphire Capital Services currently provide Index Trading in the share markets of the following countries. Markets are constantly being reviewed and the Index Trading products are monitored to take advantage of new technology plus changes in the Markets themselves. Index Trading products for new markets are also in development phase.
CAC 40 (^FCHI)
The CAC40 which takes its name from the Paris Bourse’s early automation systems (Cotation Assistee en Continu – Continuous Assisted Quotation), is a benchmark French Stock Market index. The index represents a capitalization weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse (now Euronext Paris). It is one of the main national indices of the Pan European stock exchange group Euronext alongside Brussells BEL@0, Lisbon’s PSI-20 and Amsterdam’s AEX.
Although the CAC40 is almost exclusively composed of French domiciled companies, about 45% of all its listed shares are owned by foreign investors, more than any other main European index. German, Japanese, American and British investors are amongst the most significant holders of CAC40 shares.
This large percentage is due to the fact that CAC40 companies are more international or multinational than any other European market. CAC40 companies conduct over two thirds of their business and employ over two thirds of their workforce outside France.
Back to Top
NASDAQ Composite (^IXIC)
The NASDAQ Composite (COMPQ) is a stock market index of all the common stocks and similar securities (e.g. ADR’s trading stocks, limited partnership interests) listed on the NASDAQ stock market meaning that it has over 3000 components. It is highly regarded in the US as an indicator of the performance of stocks of technology companies and growth companies. Since both US and non-US companies are listed on the NASDAQ stock exchange, the Index is not exclusively a US Index.
Launched in 1971, the NASDAQ Composite Index is a broad based Index. It is calculated under a market capitalization weighted methodology index.
Back to Top
S&P/ASX 200 (^AXJO)
Index options over the S&P/ASX200 index (commonly referred to as XJO Index Options) provide wide coverage of the share market.
Regarded as a leading benchmark by professional investors for broad movements in the stock market, the S&P/ASX200 reflects the prices of the largest 200 stocks currently listed on the ASX, and represents almost 80% of the market as a whole using index options.
XJO Index options cash settle against the value of the S&P/ASX200 and are European style options. Unlike futures-style index options where the underlying is a futures contract, the XJO is a premium upfront option.
Back to Top
DAX (^GDAXI)
DAX 30 (Deutscher Aktin Index30 – German Stock Index) is a Blue Chip stock market consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system. The L-Dax is an indicator of the German benchmark DAX30 Index’s performance after the Xetra electronic trading closes, based on the floor trading at the Frankfurt Stock Exchange.
The German stock market was opened for foreign investors through Xetra which increased the abroad participation in the Frankfurt Stock Exchange to about 47%. German Stock Exchange comprises of eight stock exchanges. It is the home of some of the most significant exchanges in the world.
German’s oldest Exchange is the Hamburg Stock Exchange founded in 1558. The biggest and one of the most important in the world – Frankfurt Stock Exchange – is also in Germany. This exchange comprises of about 90% of the total turnover of the German market.
Back to Top
FTSE 100 (^FTSE)
For the Australian client, Sapphire Capital Services recommends basing trades on the UK FTSE due to best timing conditions.
The FTSE 100 Index (Footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999.
The index is maintained by the FTSE Group, an independent company which originated as a joint venture between the Financial Times and the London Stock Exchange.
FTSE 100 companies represent about 80% of the market capitalisation of the whole London Stock Exchange. Even though the FTSE All-Share Index is more comprehensive, the FTSE 100 is by far the most widely used UK stock market indicator
Back to Top
NIKKEI 225 (^N225)
Nikkei 225 is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1950. It is a price-weighted average (the unit is yen), and the components are reviewed once a year. Currently, the Nikkei is the most widely quoted average of Japanese equities, similar to the Dow Jones Industrial Average. In fact, it was known as the "Nikkei Dow Jones Stock Average" from 1975 to 1985.
The Nikkei 225 began to be calculated on September 7, 1950, retroactively calculated back to May 16, 1949.
The Nikkei 225 Futures, introduced at Singapore Exchange (SGX) in 1986, the Osaka Securities Exchange (OSE) in 1988, Chicago Mercantile Exchange (CME) in 1990, is now an internationally recognized futures index.
The Nikkei average hit its all-time high on December 29, 1989 when it reached an intra-day high of 38,957.44 before closing at 38,915.87. Its high for the 21st century stands just above 18,300 points.
Back to Top
HANG SENG INDEX (^HSI)
The Hang Seng Index is a free float-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 45 companies represent about 67% of capitalization of the Hong Kong Stock Exchange.
HSI was started on November 24, 1969, and is currently compiled and maintained by HSI Services Limited, which is a wholly owned subsidiary of Hang Seng Bank, the largest bank registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes.
Back to Top
| CAC | NASDAQ | ASX | DAX | FTSE | NIKKEI | HANG SENG |