Digital 100s spread bet product details

Please note that, due to the fast-moving nature of digital 100 bet prices, these products are not available over the phone.

A range of possible digital 100s will be offered on the daily performance/official settlement of each market. The price quotation for each digital 100 is expressed in points. If the outcome described by the digital 100 occurs, that digital 100 will settle at 100. If it does not occur, the digital 100 will settle at zero. This pattern of pay-offs could also be expressed as a fixed-odds bet.

1. Daily FTSE® 100, Daily Wall Street, Daily Germany 40, Daily France 40, Daily Spain 35, Daily Sweden 30, Daily Netherlands 25, Daily US Tech 100, Daily US 500, Daily Australia 200 and Daily South Africa 40 quotations are based on the achievement of specified daily price changes in the cash markets for each of the quoted indices. (Note: Germany 40 = DAX 40; France 40 = CAC 40; Daily Spain 35 = IBEX 35; Sweden 30 = OMX 30; Daily Netherlands 25 = AEX 25; US Tech 100 = NASDAQ 100; US SPX500 = S&P 500; Australia 200 = ASX 200; South Africa 40 = JSE 40.)

2. Daily Italy 40 digital 100 are based on the achievement of specified daily price changes in the cash S&P/MIB Index.

3. Daily Hong Kong HS50, Daily Taiwan All-Share, Daily China H-Shares, Daily China A50 futures and Daily Japan All-Share quotations are based on the achievement of specified daily price changes in the futures markets for each of the quoted indices.

4. Daily Japan 225 quotations are based on the achievement of specified daily price changes in the Nikkei 225 Index on the Tokyo Stock Exchange.

5. Daily Singapore Free Index quotations are based on the achievement of specified daily price changes in the SGX MSCI Singapore Index futures on the Singapore Futures Exchange (SGX).

6. Daily India 50 quotations are based on the achievement of specified daily price changes of the S&P CNX Nifty Index futures that trade on the National Stock Exchange in India. They settle basis the first new print recorded by Bloomberg (E&OE) at 10.00 (GMT).

7. FTSE®, Wall Street and Japan 225 OneTouch, Hi/Lo and Tunnel quotations are based on the achievement of specified levels in the cash FTSE, cash Wall Street and cash Nikkei 225 markets, at any time up to and including the official market settlement (or 12.00 for the FTSE® midday OneTouch; 18.00 for the Wall Street 6pm OneTouch). OneTouch levels are measured by reference to trades recorded by Bloomberg between the start of normal trading and the achievement of the final settlement level of the market each day (E&OE) (or the first new print recorded by Bloomberg (E&OE) at 12.00 London time for the FTSE® midday OneTouch; 18.00 London time for the Wall Street 6pm OneTouch). Hi/Lo and Tunnel levels are measured with reference to the net change in the market (as measured from Bloomberg prints) relative to the previous trading day's settlement level, including the net change on the final settlement level of the market each day (E&OE).

8. Germany 40, France 40, Italy 40 and Spain 35 OneTouch quotations are based on the achievement of specified levels in the underlying cash markets, at any time up to and including the official market settlement. OneTouch levels are measured by reference to trades recorded by Bloomberg between the start of normal trading and the achievement of the final settlement level of the market each day.

9. 12pm FTSE®, 3pm FTSE®, and 6pm Wall Street quotations are based on the achievement of prices and price changes in the cash FTSE®, or Wall Street markets. Changes are measured from the starting level displayed by us online to the cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at 12pm London time (for the 12pm FTSE®), 15.00 London time (for the 3pm FTSE®), 18.00 London time (for the 6pm Wall Street).

1pm (Sydney time) Australia 200 markets are based on prices and price changes in the ASX 200 cash market. Price changes are measured from the starting level displayed by us online, to the last print recorded by Bloomberg (E&OE) before 13.00 Sydney time on the day in question.

10. All non-daily markets and Daily FX quotations are based on our internally specified opening level and will settle against the mid-point of the IG spot price at expiry time rounded to one decimal place.

11. Short-term digital 100s on the FTSE, Germany 40 and Wall Street, such as the 20-minute FTSE® and 20-minute Wall Street are based on prices in the relevant underlying cash markets (FTSE®, Dax, or Dow). Settlement prices are based on cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at the stated time of expiry. For Australia 200 previous close to 11am the change is measured from the official settlement in the previous day's market to the last print recorded by Bloomberg (E&OE) before 11.00 (Sydney time) of the ASX. Bets will be accepted until two minute before the stated settlement time. All times for Japan 225 Hourly digital 100s are Tokyo times.

Hourly Australia 200. Bets will be accepted until two minutes before the second named hour. Trading for the following day begins five minutes after the second named hour. There is a gap where trades will not be accepted that starts two minutes before, and finishes three minutes after, the first named hour. The final hourly digital 100 (3pm-4pm AEST) settles based upon the he last print recorded by Bloomberg (E&OE) before 4pm AEST.

Hourly FTSE®, Wall Street quotations and short-term digital 100s such as the 20-minute FTSE® and 20-minute Wall Street are based on prices of the cash FTSE® cash, or Wall Street markets. Settlement prices for these markets are obtained using the cash price of the relevant underlying index (as reported by the exchange) in our internal pricing system at the stated time of expiry. Bets will be accepted until one minute before the stated settlement time. 12 noon FTSE® Ladders and 15.00 FTSE® Ladders settle based on the FTSE® cash price (as reported by the exchange) in our internal pricing system at those respective times (London time). Daily FTSE® Ladders settle based on the official cash settlement price of the index, as reported by the exchange.

12. Weekly quotations are based on the official settlement level of the market concerned (cash FTSE®, cash Dow Jones, cash ASX, US 500 futures, DAX futures) on the last trading day of the week in question. Weekly DAX futures are based on first print at/after 21.00 London time on the last trading day of the week in question.

13. We offer daily Digital 100 Ladders and OneTouches on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/GBP, AUD/USD, AUD/JPY, EURJPY and GBP/JPY. For Digital 100 Ladders, quotations are based on the achievement of specified price changes in the spot rate concerned at the specified expiry time each day. The level used for settlement will be the mid-point of IG’s spot price rounded to one decimal place at the specified expiry time for the relevant currency pair. We measure monthly FX OneTouch levels with reference to the mid-point of IG’s spot price between the start of the month and 16.00 (London time) on the last business day of the month. We measure daily FX OneTouch levels with reference to the mid-point of IG’s spot price in the specified period. Up/Down 5-minute digital 100s on EUR/USD, GBP/USD, AUD/USD and USD/JPY are available 24 hours a day and settle against the mid-point of the IG spot price rounded to one decimal place at expiry time. We will accept trades until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

14. We offer weekly FX Digital 100 Ladders on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/GBP, AUD/USD, AUD/JPY, EUR/JPY and GBP/JPY. These settle against the mid-point of the IG spot price rounded to one decimal place at 8pm each Friday, market holidays permitting.

15. We offer daily ladders on Bitcoin (bitcoin/USD). For digital 100 ladders, quotations are based on the achievement of specified price changes in the spot rate concerned at the specified expiry time each day. The level used for settlement will be the mid-point of IG’s spot price rounded to one decimal place at the specified expiry time for bitcoin (bitcoin/USD).

We offer weekly bitcoin (bitcoin/USD) ladders. These settle against the mid-point of the IG spot price rounded to one decimal place at 8pm each Friday, market holidays permitting.

We offer monthly bitcoin (bitcoin/USD) ladders. These settle against the mid-point of the IG spot price rounded to one decimal place at 8pm on the final business day of each month.

16. FTSE® Up/Down 5-minute bets settle based on prices in the FTSE® 100 cash index (as reported by the exchange) in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the stated settlement time (ie 30 seconds before expiry of the five-minute period in question).

17. Germany 40 Up/Down 5-minute bets settle based on prices of the DAX 40 cash index (as reported by the exchange) in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

18. Wall Street Up/Down 5-minute bets settle based on prices of the Dow cash index (as reported by the exchange) in our internal pricing system at the stated time of expiry. We will accept trades until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

‘stated settlement time’ refers to the second named time in a particular digital 100 market (e.g. 14.00 for a FTSE 13.00 – 14.00 market)

19. US Light Crude Oil, Gold and Silver digital 100 quotations are based on the achievement of specified daily price changes in the specified month of the relevant futures contract on the New York Mercantile Exchange. This change is measured by each day's official settlement level, available after each market closes.

20. Daily digital 100 shares bets are settled by referencing the official day's close as reported by Bloomberg (E&OE) against the specified starting level.

21. Digital 100 Specials

Economic Data bets (US Non-farm Payrolls and US Initial Jobless Claims) are settled based on the officially reported figures. Note that if a market settles exactly on a digital 100 option barrier (after rounding), that market will be taken to have settled above the barrier for the purposes of contract settlement. Subsequent revisions to data will not be taken into account for the purpose of bet settlement.

If the digital 100 statement is true, the price settles at 100. If it isn’t true, it settles at 0. If the market finishes at the exact same value at the point of expiry, the digital 100 would be considered up, and the price would settle at 100. Your profit or loss depends on the amount per point you’ve staked, and the difference between your opening price and the digital 100’s closing price.

OneTouch digital 100s will settle at 100 if the underlying market touches or goes through the relevant barrier at any time up to and including the official market settlement (or 12pm for the FTSE® 12pm OneTouch; 18.00 for the Wall Street 6pm OneTouch; 16.00 on the last business day of the month for the GBP/USD, EUR/USD and AUD/USD Monthly FX OneTouch bets). Tunnel digital 100s will settle at 100 if the underlying market does not touch or go through either barrier stated at any time up to and including the official market settlement.

Daily US Crude OneTouch settles based upon the achievement of specified price levels as recorded by Bloomberg (E&OE). OneTouch levels are measured by reference to trades recorded by Bloomberg (E&OE) at any time between 08.00 and the first new print at 19.30 London time. The trade settles at 100 if Bloomberg prints the specified level between these times. Official expiry level will be treated as a trade between these times and will count towards settlement.

Please note: with regard to US markets, where reference is made to London time please apply daylight saving rules to the stated market close times when appropriate.

1. 24-hour dealing starts at 23.30 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday (please note that prices for European and US indices are only available from 7.30am on Monday

morning, however).

2. Daily FTSE® and Daily FTSE® Ladders: 24 hours (with gaps). Bets will be accepted until one minute before the close of the underlying market. The closing time for the FTSE® is normally 16.30 (London time). Note that, although the UK market typically closes at 16.30, all bets will be closed based upon the official daily settlement, which in turn is dependent upon the daily closing auction. This official settlement price is typically made public around five minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.

3. Daily Wall Street Daily Wall Street Ladders: 24 hours (with gaps). Bets will be accepted until one minute before the close of the market. The closing time for Wall Street is normally 21.00 (London time). Note that, although Wall Street typically closes at 21.00, all bets will be closed based upon the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 21.00 price of the underlying index.

4. Daily Germany 30 Daily Germany 30 Ladders: From 17.00 (London time) of the previous trading day until one minute before the close of normal trading of the DAX 40 Index. The close of normal trading is usually at 16.30 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

5. Daily France 40 Daily France 40 Ladders: From 08.01 (London time) until one minute before the close of the underlying market. The closing time for the France 40 is normally 16.30 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

6. Daily Italy 40 Daily Italy 40 Ladders: From 08.03 (London time) until five minutes before the close of normal trading of the S&P/MIB Index. The close of normal trading is usually at 16.25 (London time). Note that bets will settle based upon the official settlement level of the index, which may not be announced until several minutes after the close of the market and may differ from the market's 16.25 level.

7. Daily Spain 35 Daily Spain 35 Ladders: From 08.05 (London time) until one minute before the close of the underlying market. The closing time for the Spain 35 is normally 16.30 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

8. Daily Sweden 30 and Daily Sweden 30 Ladders: From 08.05 (London time) until five minutes before the close of the OMX. The close of normal trading is normally 16.25 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

9. Daily Netherlands 25 and Daily Netherlands 25 Ladders: From 08.05 (London time) until five minutes before the close of the AEX. The close of normal trading is normally 16.30 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

10. Daily US Tech 100 Daily US Tech 100 Ladders: From 22.00 (London time) of the previous trading day until one minute before the close of the NASDAQ 100 Index. The NASDAQ 100 Index normally closes at 21.00 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

11. Daily US 500 Daily US 500 Ladders: From 22.00 (London time) of the previous trading day until one minute before the close of the S&P 500 Index. The S&P 500 Index normally closes at 21.00 (London time). Note that bets will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

12. Daily South Africa 40 Daily South Africa 40 Ladders: From 07.05 to 14.50 (GMT). Note that digital 100 options will be settled based upon the official settlement level of the JSE index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 14.50 (GMT) level.

13. Daily Australia 200 and Australia 200 Ladder: From 10.01 until 15.59 (Sydney time). Note that this settlement may not be announced until several minutes after the close of the market and may differ from the market level showing at 16.00 (Sydney time).

14. Daily Hong Kong HS50 and Hong Kong HS50 Ladder: From 01.16 until 03.59 (GMT) and then from 05.01 (GMT) until two minutes before the close of the Hang Seng Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the Hang Seng Index futures is normally 08.15 (GMT). All bets will be closed based upon the official daily settlement price of the Hang Seng Index futures as reported by HKFE.

15. Daily China H-Shares and China H-Shares Ladder: From 01.46 until 04.30 (London time) and then from 06.31 (London time) until two minutes before the close of the H-Shares China Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the H-Shares China Index futures is normally 08.15 (GMT). All bets will be closed based upon the official daily settlement price of the H-Shares China Index futures as reported by HKFE.

16. Daily China A50 futures and China A50 futures Ladder: From 01.16 until 03.29 (GMT) and then from 05.16 (London time) until two minutes before the close of the China Securities Index (FTSE China A50) futures on the China Financial Futures Exchange (SGX). The closing time for the futures is normally 15.15 Beijing Time (CST). China A50 digital 100s are settled based upon the first China A50 futures tick at or after 07.15 (GMT) on the FTSE China A50 futures as reported by Bloomberg (E&OE).

17. Daily Japan 225 and Japan 225 Ladder: From 09.03 (JST) until 14.59 (JST). All digital 100 options are settled based upon the official daily settlement price of the Nikkei 225 as reported by TSE. Daily Japan 225 Tunnels: From 09.03-11.29; 12.31-2:59 (JST). When the net change of the Nikkei 225 index breaches either of the levels indicated in the name of a range, the digital 100 option will immediately settle at 0. If the stated levels have not been breached by expiry, the digital 100 will settle at 100. The net change is calculated basis the difference between Nikkei 225 cash ticks and the previous closing price as reported by Bloomberg (E&OE).

18. Daily Singapore Blue Chip and Singapore Blue Chip Ladder: From 00.31 until 09.05 (GMT). All bets are settled based upon the official daily settlement price of the SGX MSCI Singapore Index futures as published by Bloomberg (E&OE).

19. Daily India 50: From 03.46 until 09.55 (GMT).

20. Daily Japan All-Share: From 09.05 until 11.29 (JST), and then from 12.31 to 15.00 (JST).

21. FTSE® OneTouch, Hi/Lo and Tunnel: Quoted during trading hours only. Bets will be accepted until one minute before the close of the underlying market (or 11.59 London time for the FTSE® 12pm OneTouch).

22. Wall Street OneTouch, Hi/Lo and Tunnel: Quoted during trading hours only. Bets will be accepted until one minute before the close of the underlying market (or 17.59 London time for the Wall Street 6pm OneTouch).

23. Japan 225 Tunnel: 09.03-11.29; 12.31-14:59 (Japan time).

24. Germany 30 OneTouch: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market.

25. France 40 OneTouch: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market.

26. Italy 40 OneTouch: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market.

27. Spain 35 OneTouch: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market.

28. 12pm FTSE®, 12pm FTSE® Ladders: From 17.00 (London time) of the previous trading day until 11.59 on the day of expiry.

29. 3pm FTSE®, 3pm FTSE® Ladders: From 17.00 (London time) of the previous trading day until 14.59 on the day of expiry.

30. 6pm Wall Street: From 22.00 (London time) of the previous trading day until 17.59 on the day of expiry.

31. Hourly FTSE®. Bets will be accepted from five minutes after the start of the first named hour until one minute before the second named hour, and from five minutes after the second named hour for the following trading day.

32. 20-minute FTSE®. Bets will be accepted from one minute after the first named time until one minute before the second named time.

33. Hourly Wall Street. Bets will be accepted from three minutes after the start of the first named time until one minute before the second named time.

34. Hourly Australia 200. Bets will be accepted until one minute before the second named hour. Trading for the following day begins five minutes after the second named hour. There is a gap where trades will not be accepted that starts two minutes before, and finishes three minutes after, the first named hour. The final hourly digital 100 (3pm-4pm AEST) settles based upon the official settlement price of the ASX200.

35. Hourly Japan 225: Bets will be accepted until one minute before the second named hour. The final hourly digital 100 settles based on the official settlement price of the Japan 225

36. 20-minute Wall Street. Bets will be accepted until one minute before the second named time. The Wall Street 20.40-close digital 100 settles based upon the official settlement level of the index.

37. Weekly FTSE® Up/Down & Ladder: From 08.00 (London time) on the Monday, until one minute before the close of UK trading on the last UK trading day of the week in question (normally 16.29 on Friday).

38 Weekly Wall Street Up/Down & Ladder: From 08.00 (London time) on the Monday, until one minute before the close of US trading on the last US trading day of the week in question (normally 20.59 on Friday).

39. Weekly US 500 Futures Ladder: From 08.00 (London time) on the Monday, until one minute before the close of US futures trading on the last US trading day of the week in question (normally 21.14 on Friday).

40. Weekly Germany 30 Futures Ladder: From 07.00 (London time) on the Monday, until one minute before the close of Germany futures trading on the last Germany trading day of the week in question (normally 20.59

on Friday).

41. Weekly Australia 200 Up/Down & Ladder: Quoted daily from 10.01-15.59 (Sydney time).

42. Weekly Silver Futures Ladder: From 08.00 (London time) on the Monday until 18.20 on the Friday.

43. Weekly US Light Crude Oil Ladder: From 08.00 (London time) on the Monday until 19.25 on the Friday.

44. Daily US Light Crude Oil and US Light Crude Annual OneTouch: From 08.00 (London time) until 19.25 on the day of expiry.

45. Daily US Light Crude Oil and Ladders: From 20.30 (London time) of the previous trading day until 19.25 on the day of expiry.

46. Daily Gold and Gold Ladders: From 21.00 (London time) of the previous trading day until 18.25 on the day of expiry (except 13.00 to 13.20).

47. Daily Silver and Silver Ladders: From 21.00 (London time) of the previous trading day until 18.20 on the day of expiry (except 13.00 to 13.25).

48. FX Ladders: From 21.00 (London time) of the previous trading day until 19.55 on the day of expiry. Daily FX OneTouch: From 08.00 (London time) until 19.55.

49. Daily Bitcoin (Bitcoin/USD) Ladders: From 21.00 (London time) of the previous trading day until 19.55 on the day of expiry. Weekly Bitcoin (Bitcoin/USD) Ladders: From 08:00 (London time) on the Monday until 19.55 on the last trading day of the week in question (usually 19.55 on Friday). Monthly Bitcoin (Bitcoin/USD) Ladders: From 21.00 (London time) of the previous trading day until 19.55 on the day of expiry.

50. 5-minute EUR/USD, GBP/USD, AUD/USD and USD/JPY bets: 24 hours a day. Bets will be accepted 10 seconds after the start of each five-minute period until 30 seconds before the second named time (ie 30 seconds before expiry of the five-minute period in question).

51. 5-minute FTSE® 100 and Germany 30 Up/Down bets: From 08.10 until 16.25 (London time). Bets will be accepted 10 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five-minute period in question).

52. 5-minute Wall Street Up/Down bets: From 14:40-20.55 (London time). Bets will be accepted 10 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five-minute period in question).

53. Specials – Economic Data (US Initial Jobless Claims and US Non-farm Payrolls).

US Initial Jobless Claims digital 100 are quoted every week from 09.00 (London time) on the Monday preceding the announcement of the figures until 13.30 on the Thursday when the announcement is made.

US Non-farm Payrolls digital 100 are quoted during one week every month, from 09.00 (London time) on the Monday preceding the announcement of the figures until 13.30 on the Friday when the announcement is made.