Digital 100 trade types

Choose from four types of digital 100s and trade across popular forex, index and commodity instruments.

Types of digital 100s

Digital 100s are priced between 0-100 and allow you to speculate on whether or not an event will occur at or before expiry, with two possible outcomes: yes or no. Generally when entering a digital 100 trade, if the price is closer to 100 the event is more likely to occur, and 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.

Ladder

Decide whether the settlement price will be at or above the specified strike price at the end of the digital 100 expiry.
Learn about digital 100 Ladders

One Touch

One Touch digital 100s ask whether the settlement price will reach a specified strike price before or at the end of the digital 100 expiry.
Learn about One Touch digital 100s

Up/Down

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.
Learn about digital 100 Up/Downs

Range

Range digital 100s ask whether the settlement price will be within a specified range at the end of the digital 100 expiry.
Learn about Range digital 100s

Digital 100s product details

	Ladder	One Touch	Up/Down	Range
Forex
AUD/JPY	Yes	Yes	Yes	Yes
AUD/USD	Yes	Yes	Yes	Yes
EUR/GBP	Yes		Yes	Yes
EUR/JPY	Yes	Yes	Yes	Yes
EUR/USD	Yes	Yes	Yes	Yes
GBP/JPY	Yes	Yes	Yes	Yes
GBP/USD	Yes	Yes	Yes	Yes
NZD/USD	Yes		Yes	Yes
USD/CAD	Yes	Yes	Yes	Yes
USD/CHF	Yes		Yes	Yes
USD/JPY	Yes	Yes	Yes	Yes
Indices
France 40	Yes		Yes	Yes
Germany 30	Yes	Yes	Yes	Yes
Italy 40	Yes		Yes	Yes
Spain 35	Yes		Yes	Yes
UK 100	Yes	Yes	Yes	Yes
US NDAQ 100	Yes		Yes	Yes
US 30	Yes	Yes	Yes	Yes
US SPX 500	Yes		Yes	Yes
Commodities
Crude Oil WT	Yes		Yes	Yes
Gold	Yes		Yes	Yes
Silver	Yes		Yes	Yes

Ladder

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.

One Touch

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.

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Up/Down

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 GBP/USD settlement price must finish below 1.422905 at 8pm.

Range

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 EUR/USD settlement price must not finish between 1.102200 and 1.111000 at 8pm.