IBEX 35 (Spain 35) is the index to be looking at in order to keep up with the Spanish economic news. IBEX 35, also known as Spain 35, is the main stock market index of the Bolsa de Madrid, Spain’s principle stock exchange. This high performance index is compromised of the top 30 most liquid shares in Spain listed in the Continuous market.
IBEX 35 list of companies is checked and rebalanced twice annually, assuring that IBEX 35 eligibility criteria are met. Having contained some of the most profitable shares in Bolsa de Madrid, this influential index has excellent potential for successful CFD trading.
This potentially profitable Spanish index is recognized as a barometer of Spain’s economy and stock market, due to its numerous benefits for traders and investors. . One of the many advantages of trading Spain 35, is the exposure to the number of high performing Spanish stocks that can be traded through CFD’s. Another factor that should be looked at when choosing the best index to trade is its liquidity. To add to the advantages of trading IBEX 35, this index is characterized by sufficient size and liquidity.
For professionsal CFD trading, PCM International offers access to accurate real-time IBEX 35 forecasts, charts and updated news on Spanish economics events. Traders can seek profit from the fluctuations that are provided by the news based on the economic events of Spain. With PCM International, traders are able to benefit from professional trading platforms that enable them to use advanced CFD trading strategies. In addition, trading Spain 35 (IBEX 35) through PCM International allows you to leverage your exposure to market movements for maximum profit.
A key factor of trading CFD’s successfully is being educated about potentially profitable trading opportunities and knowing it’s in-depth specifications and benefits. The table below is provided for further details about the index.
Contract | Parameters |
---|---|
Class | Equity Index (stock market index) |
Symbol | SPAIN 35 |
Description | Index representing 35 top Spain stocks |
Contract size | 10 Euro per point |
Notional Contract Value | (Price * Contract Size) in USD |
Minimum Tradable Quantity (the fraction of lot available to trade) | 0.1 MT-4 Lot |
Base Currency (Currency used for margin, P&L and other calculations) | United States Dollars |
Tick Size (The least incremental change in the price of the index) | 0.1 (example: 8407.5 changes to 8407.6 at least) |
Tick Value (The minimum movement in price) | 1 Euro |