Nikkei Cash

Nikkei Cash is a synthetic financial instrument whose price is calculated based on the value of several futures contracts on the Japanese Nikkei 225 stock index nearest to their expiration dates. The index, in turn, is calculated as the simple arithmetic average of the stock prices of the 225 most actively traded companies in the first section of the Tokyo Stock Exchange. One of the main advantages is that this instrument is infinite in time. In other words, it doesn’t expire on a monthly basis. Another advantage of a synthetic instrument is its significantly lower spreads compared to CFDs on this index. We recommend using this instrument for short-term trading strategies.