Brokers
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We have added two new instruments to our synthetic indices range: Overdrive 10 and Calm 10. They join Weekend Storm, a recent addition, alongside our Volatility, Boom, Crash and Jump indices. Each index is designed with its own price behaviour.
Overdrive 10 typically holds its level, then moves in a single unpredictable step up or down. There is no build-up before a jump and no trend between jumps. It is priced twice per second by ThinkMarkets' proprietary pricing engine.
Overdrive 10 offers leverage up to 1:10,000, the highest available on any of our instruments. At maximum leverage, the margin requirement is 0.01% of the position value. This means a single price step can gain or lose a large proportion of your margin, and a position can be stopped out very quickly.
Calm 10 is designed for gentler price movement, with smaller swings than higher-intensity synthetic indices. Smaller swings do not remove risk, particularly when trading with leverage.
Synthetic indices are generated by a pricing engine rather than tracking a real market. They are not directly affected by economic data or news, and they can be traded 24 hours a day, seven days a week, including weekends and public holidays. The range now covers a wide spread of behaviours:
Guaranteed stop-loss orders (GSLOs) on synthetic indices now carry no premium. Minimum stop distances apply. Standard stop-loss orders are not guaranteed and may be filled at a worse price during sudden moves.