The CFDs page displays all the available CFD instruments. To access the CFDs page, click on Other Data > CFDs in the navigation pane.
The layout of the CFD page is shown below. It lists the currency pair name, associated rate, calculation type, vendor, spread multiplier and cross rates. Each column can be sorted alphabetically or chronologically by clicking on the column header. You can further filter the list by searching the desired CFD instrument, calculation type or spread multiplier using the local search bar in the top right hand corner of the CFD card.
Kooltra also allows users to export the information on the CFDs page by click the More > Export .csv button beside the local search.
You can modify the existing CFD instrument by clicking on the instrument name. You can also create a new CFD by clicking the New button on the top left corner. The steps to create a new CFD instrument are shown in a video below. After entering the instrument name (CFD name), you can enter the current market rate, multiplier and currency pair type.
When an CFD instrument is first created, the calculation method is default to be User Defined. There are five different calculation methods which are explained below:
Cross Calculation: The rate is calculated by multiplying or dividing two exchange rates in Kooltra's system It is mostly used for currencies that are less commonly traded such as AAPL/GOOG. The two exchange rates need to be specified when the cross calculation is used.
For exmaple, to obtain the rate of AAPL/GOOG, AAPL/USD (e.x. rate of 150.00) is divided by GOOL/USD (e.x. 1,000.00) to get a AAPL/GOOG rate of 6.667.
Direct Rate Feed: The rate is populated directly from a vendor, which generally is a financial services company or a public sector organization. A vendor needs to be specified when the direct rate feed is used.
Inverse: The rate is calculated by taking the inverse of a currency pairs exchange rate. A base exchange rate needs to be specified when the inverse method is used.
User Defined: The rate is manually entered and updated by a Kooltra user.
System Rate: The rate is populated using the system rate in Kooltra.
Swap Points Tab
Kooltra also offers users automated tools to conduct analysis on forward rates and swap points. The swap points is the difference between the forward rate and the spot rate for a particular CFD instrument when expressed in pips. Once bid points and offer points are specified, the swap points will be automatically calculated by Kooltra and presented in a table and chart format.
contract for difference
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