cliftondykes
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This no doubt appears a stupid question to all you experts out there, but could someone explain to me why there is such a discrepancy between actual market indices and futures quotes with spreadbetting firms.
As an example, on Tradindex this morning, the CAC 40 daily future was quoted at being 4 or 5 points up, when the index is actually up around 30 points, yet the FTSE daily future accurately reflects the actual index (again at around 30 points up). I know futures are supposed to track the actual market so how come the figures can be so far out?
To confuse matters (for me anyway) further, although the CAC 40 figure says +5, the actual column quotes do accurately reflect the current market numbers - so why doesn't it say +30?
Doh
As an example, on Tradindex this morning, the CAC 40 daily future was quoted at being 4 or 5 points up, when the index is actually up around 30 points, yet the FTSE daily future accurately reflects the actual index (again at around 30 points up). I know futures are supposed to track the actual market so how come the figures can be so far out?
To confuse matters (for me anyway) further, although the CAC 40 figure says +5, the actual column quotes do accurately reflect the current market numbers - so why doesn't it say +30?
Doh