Instrument Info provides all essential information about an instrument in real time and visualises the trading schedule. Find Instrument Info by right-clicking on the chosen instrument!
Let's examine the window in more detail!
Instrument Info is visually divided in seven parts:
- EXANTE ID, description and exchange info
- Current feed status
- ‘Copy’ button that copies all instrument information on the clipboard
- Note! The schedule won’t be copied.
- Colour-coded schedule
- Instrument-specific information
- Instrument-specific information
- Account-specific trading conditions, commissions and fees
- Position of the instrument in your portfolio
Click on 'Specification' and see additional information about the instrument provided by the exchange:
Let's explore each part of Instrument Info in more detail!
- ISIN - International Securities Identification Number (US0378331005)
- FIGI - Financial Instrument Global Identifier (BBG000B9XRY4)
- Ticker - the name of an instrument in a specific exchange. The combination of Ticker and Exchange is the EXANTE ID of an instrument (AAPL.NASDAQ)
- Unit - unit of measurement applied on instrument trading. Unit is defined by instrument Type (Shares)
- Stamp Duty (not for all instruments) - whether or not a stamp duty tax is placed on the instrument
- Levy Fee (not for all instruments) - whether or not a levy fee is placed on the instrument
|In our example, the units are shares of a stock. Funds and ETFs are also measured in shares, whereas futures, options or options on futures are measured in contracts. Commodities and bonds are traded in currency units.|
- Lot size and (if applicable) Minimum lot size - describes minimum possible order quantity. The quantity traded must be a multiple of Lot size and no less than Minimum lot size (1)
- Bonds are traditionally traded in price units that differ from 1. All other instruments shall have 1 here (1)
- Contract Multiplier - indicates how many contracts one unit comprises (1)
- Type - indicates instrument type (Stocks & ETFs)
- Currency - indicates the currency in which the instrument is traded ($)
- Price step and Price step value have similar functions: the former shows minimum price digression whereas the latter shows the cost of that digression per 1 unit (0.01 & 0.01$)
- Deliverable indicates whether or not the account has any unfulfilled obligations with respect to the instrument
- Short position indicates whether you can open positions by selling an instrument you borrow from a broker (Yes)
- Required margin - sets an amount needed to trade an instrument. For some instruments, it depends on the trade side: you will see exactly how it varies whether you are buying or selling (26.02$)
There’s another nifty way to see how margin utilisation will change before you place an order. Hover the cursor over the BUY or SELL buttons to see margin delta in 'Click-Trade', 'Order', or 'Basket Trader' modules.
Read more about margin in A Guide to the Margin Requirements.
Information on instruments that belong to other asset classes may also include:
- Underlying - specifies the Underlying itself (AAPL.NASDAQ - Options contract on Apple stock). You can open the context menu or drag and drop the underlying into other modules
- Expiry date - expiration date for derivatives is the final date on which the derivative is valid. After that time, the contract expires (19.03.2021 22:00)
- Overnight rates - applicable when you hold an asset for several days. A positive value here means you will get money for storing the asset stored in your EXANTE account
- Concentration rate - leverage rate applied when a position risk (position value * concentration leverage) exceeds the account balance
- Leverage rate - indicates a proportion of your money in a trade. A leverage rate of 100% means the position will be totally covered by your own assets. A leverage rate 2% implies a 1:50 leverage
- If you’re frequently using margin trading, please pay attention to Leverage rate, Concentration rate and Required Margin.
Explore the platform
EXANTE clients have direct access to over 50 markets. A quick search by Apple's ISIN shows that Apple stocks are available for trading at least at three venues: Börse Frankfurt, London Stock Exchange, Xetra, MICEX and NASDAQ. Compare trading schedules and conditions and cash in on these data!