XJO 0.76% 7,921.3 s&p/asx 200

Wednesday 24 June Market Maker has your money., page-83

  1. 190 Posts.
    lightbulb Created with Sketch. 25

    I haven't actually checked a calc with the IG fee structure, so worth having a look.

    With 1 contract ($25) the costs for 24 hours would be:

    Aus200 Cash: $25 (1 tick spread) + (25 * 6000 * 2.5%/365) = $35
    Aus200 Future: $75 (3 tick spread)

    However the cash cost would go up by $10 each night that is held, so Futures start being cheaper after day 5 for this example.https://hotcopper.com.au/data/attachments/2247/2247737-898d47bd3635b0fa097106bced5cc74c.jpg

    Note: the spread is larger out of hours, something along the lines of 3 ticks for Cash, and 7 ticks for Futures.
 
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