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Why Trade FTSE MIB (IT40) with XM?
At XM we offer FTSE MIB (IT40) as a cash CFD. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so they are adjusted for interest.
About FTSE MIB (IT40)
Regarded as the benchmark stock market index for the Italian national stock exchange, the FTSE MIB (IT40) encompasses the 40 most actively traded stock classes on the Borsa Italiana. Until June 2009, the index was administered by the American Standard & Poor’s financial services company, after which administration was taken over by the British stock market indices provider FTSE Group.
The FTSE MIB (IT40) is derived from all existing stocks actively traded on the Borsa Italiana. It gauges about 80% of the Italian market capitalization and it measures the performance of 40 Italian equities representing highly liquid major companies in Italy. The index is market-capitalization-weighted and it is calculated on the opening prices.
Trading Conditions
| Margin requirement | 10 % |
| Spreads as low as | 10 |
| Symbols | IT40Cash |
| Description | Italy 40 |
| Min. Price Fluctuation | 1.00000 |
| Value of Minimum Price Fluctuation | EUR 1 |
| Value of 1 lot | 1 Italy 40 index |
| Spreads as low as | 10 |
| Min/Max Trade Size MT4 | 0.1/12500 |
| Min/Max Trade Size MT5 | 0.1/40 |
| Swap Value in Margin Currency Long | -1.59 |
| Swap Value in Margin Currency Short | -2.36 |
| Limit and Stop Levels** | 0 |
Weekday 10:05-18:35 (GMT +3)
** Min. level for placing pending orders at a current market price.
How to Start Trading FTSE MIB (IT40)?
Step 1
Open an XM Real Account
Step 2
Step 3
Double-click on FTSE MIB (IT40) from the “Market Watch” to open an order for this instrument.
