Choose from four types of digital 100s and trade across popular forex, index and commodity instruments.
Digital 100s are priced between 0-100 and allow you to speculate on whether or not an event will occur at or by expiry, with two possible outcomes: yes and no. The closer the digital 100 is priced towards 100, the more likely it is that the event will occur; if the price is closer to 0 then the event is less likely to occur. The outcome of a digital 100 is determined against the reference price, known as the settlement price.
Decide whether the settlement price will be at or above the specified strike price at the end of the digital 100 expiry. Read more
One Touch digital 100s require the settlement price to reach a specified strike price before or at the end of the digital 100 expiry. Read more
Choose whether or not the settlement price will be at or above the previous period's close at the end of the digital 100 expiry. Read more
Range digital 100s require the settlement price to be within a specified range at the end of the digital 100 expiry.
|US NDAQ 100||Yes||Yes||Yes|
|US SPX 500||Yes||Yes||Yes|
|Crude Oil WT||Yes||Yes||Yes|
Will the settlement price be at or above a specified strike price at the end of the digital 100 expiry?
You choose whether to buy or sell from a number of pre-determined strike prices. If at the end of the digital 100 expiry the settlement price is at or above your selected strike price, the digital 100 will settle at 100. Alternatively, if the settlement price is below your selected strike price when the digital 100 expires, the digital 100 will settle at 0. In this example of a Ladder we're buying the digital 100, so the USD/CAD settlement price must finish at or above 1.327100 at 8pm.
Will the settlement price reach a specific strike price before or at the end of the digital 100 expiry?
The settlement price only has to touch the strike price once for the digital 100 to immediately settle at 100. If the strike price is not touched before or at the end of the digital 100 expiry, it will settle at 0. In this example of a One Touch we're buying the digital 100, so the AUD/JPY settlement price must reach 84.3200 at or before 8pm.
Will the settlement price be at or above the previous day’s close at the end of the digital 100 expiry?
Up/Downs are a type of Ladder, with the event outcome determined in the same way. Generally, just one strike price is listed per digital 100, with the price set to the underlying instrument’s previous closing level. If at the end of the digital 100 expiry the settlement price is at or above the strike price (the previous period's close), then the digital 100 settles at 100. If the settlement price is below the strike price, the digital 100 settles at 0. In this example of an Up/Down we’re selling the digital 100, so the NZD/USD settlement price must finish at or above 0.679840 at 8pm.
Will the settlement price be within a specified range at the end of the digital 100 expiry?
For a ‘yes’ outcome and the digital 100 to settle at 100, the settlement price must finish below the upper strike price and at or above the lower strike price. If the settlement price is outside the 'range', the outcome will be 'no' and the digital 100 will settle at 0. In this example of a Range we’re selling the digital 100, so the AUD/NZD settlement price must finish between 1.110100 and 1.113500 at 8pm.
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