A spread bet on the US Tech 100 tracks the Nasdaq 100 index, which is made up of the top non-financial companies listed on the NASDAQ exchange in New York. As the name suggests, there are some technology giants in here including eBay, Yahoo! and Google.
|Dealing hours||Sunday 22:00 to Friday 22:00|
|Exchange hours||24 Hours (trading breaks 21:15-21:30 & 22:15-23:00)|
|GTD minimum distance||1.00%|
|Bet type||Daily funded bet|
Details are indicative and are subject to change, clients should confirm spread
bet details in our platform before trading.
February 8th, 1971: The NASDAQ (National Association of Securities Dealers Automated Quotation), commences trading, listing 50 companies and starting with a value of 100 points. Innovative all-electronic trading draws tech companies such as Apple and Microsoft to NASDAQ.
March 12th, 1981: The index breaks the 200 mark.
January 31st, 1985: The NASDAQ 100 begins trading, starting with a base price of 250 points.
1987: A wandering squirrel manages to shut down the NASDAQ for 82 minutes by triggering a power cut.
February 19th, 1999: By dollar volume the index becomes the world’s largest stock exchange. The NASDAQ 100 tracking index is introduced, trading 2.6 million shares in its first 2 hours.
March 10th, 2000: At the peak of the dot-com bubble, the index closes at 5,058.62 points.
October 9th, 2002: The index slumps to a low of 1,114 after the dot-com bubble bursts.
1988: With the introduction of ACES (Advanced Computerized Execution System), market makers are able to execute a large number of orders automatically for the first time.
1990: NASDAQ sells a ground breaking electronic exchange system for derivatives.
July 20th, 2015: The index reaches a new all-time peak of 5,218.86 points.
1. The NASDAQ is calculated according to market capitalisation.
2. The index has traditionally had a bias towards tech companies.
3. The NASDAQ does not list finance companies.
4. The conditions for listing are some of the strictest for any index.
5. The NASDAQ has consistently achieved annual growth since 2003.
Trading the US Tech 100 with Core Spreads mirrors the fluctuations of the NASDAQ index without needing to buy shares. Spread betting the US Tech 100 allows you to profit, or incur losses, whichever way the markets move at a razor-thin, fixed spread of 0.8 pts.
Placing a spread bet on the US Tech 100 is as straightforward as our charges. For instance, you place a £1 a point buy trade at a bid-offer spread of 5646.1 - 5646.9 and the markets rise by 100 points to a bid-offer spread of 5746.1 – 5746.9. At this point you decide to sell, closing your trade at 5746.1 points, giving you a profit of £99.20 (5646.9 – 5746.1 = 99.2 and 99.2 x £1).
Conversely, the markets fall 100 points and you decide to close your trade at a bid-offer spread of 5546.1 – 5546.9, incurring a loss of £100.80 (5646.9 – 5546.1 = 100.8 and 100.8 x £1).
You can spread bet the US Tech 100 and thousands of other instruments by signing up for an account here.