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Futures
Futures
Details about the market.
Explanation
The futures market looks at the underlying sectors in the Equities market and calculates constantly updating forecasts of the indexes over the next 6 day periods (shorter time periods for the Main and SIM market index).
A trader can take out contracts (max 2 at any one time per sector) either going "Long" (Higher) or "Short" (Lower)over the contract period. They then bet an amount per point move.
If successful they will get the following:
Finish Index - Start Index * £ per point.
It should be noted that when a contract is live it cannot be closed and has to run its course.
Alongside this traders can also bet on the individual companies within a sector....but you have to upgrade
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Raul Grace
listed
CLP 5,890,099.29
for £6k at the rate of 984.67
The Unknown Stranger
listed
WON 2,151,433.05
for £1k at the rate of 2075.26
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