Contracts for difference are derivatives that allow traders to easily gain long or short exposure to the price movements in various asset classes including forex, stocks, commodities, and in this case stock indexes.
The UK100 CFD tracks the FTSE 100 also known as the Footsie. It’s the headline index for the UK stock market. It was originally published by the Financial Times in 1984 and includes the 100 largest by market cap companies listed on the London Stock Exchange.
While it includes companies listed in the UK, most of the companies included are recognised as global companies. Several of the largest mining companies in the world are listed in London, so it is known as the stock index most heavily weighted toward resource prices. Well-known companies in the index include Barclays, BP, BHP, GlaxoSmithKline, Tesco and Rolls-Royce Holdings.
UK100 Historical data
The UK100 has risen from below 4,000 during the Global Financial Crisis to over 7,500 in less than 10 years. It has been more volatile than other stock indexes due to the European economic crisis and uncertainty surrounding Britain leaving the EU during and after the Brexit referendum.
How to trade UK100 with Eightcap?
With Eightcap you only need one trading account to trade CFDs on the UK100 index and other asset classes around the world. In addition, Eightcap offers clients the MetaTrader 4 and 5 platforms, widely regarded the most advanced trading platforms in the world. Signing up is easy and in just a few minutes you will be ready to start your trading journey.