For those trading the Australia 200 Cash via IG or Commsec. The spread currently between the close of the ASX 200 and the Cash CFD is approx 20 points. We have discussed this before and this is attributed to a large component of the ASX index being in a trading halt. In this case, ANZ is in a trading halt pending finalization of its capital raising. The current spread presents an opportunity such that the 5% discount on the raise will most likely not cause a 5% drop in the ANZ share price. Either way ANZ's movement should not account for a 20 point difference in the markets and one savy would look to buy the cash index on market closer to its open as the spread should close by tomorrow morning. I'm curious the exact point difference that we would expect ANZ to account for. Anyone run the numbers?
