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Date/Time: Fri, 19 Apr 2024 03:26:15 +0000



Dax (German 30) CFD price bares little connection to real time Dax price

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[2020-06-26 12:22:13]
User655875 - Posts: 2
Hello

I seem to have problems with the SC Data feed German 30 CFD price not being close to the real time Dax price - it is currently some 23 points lower than the actual Dax price quoted on both my trading platform (Capital Spreads) and real time market price. The prior two weeks everything was fine and the prices matched within a point or two but previous to this is was also out by a few points (maybe 10 or so).

I have checked to see that i am not using futures pricing and certainly nothing has changed from the past two weeks.

Can anyone throw some light on this for please before I renew my data feed for the net 12 months ?

Thanks

Geoff
[2020-06-26 14:06:45]
User495158 - Posts: 106
DAX CFD prices are probably based on DAX futures prices, not cash index. Since we had contract rollover last week, futures and cash prices converged and at some point were the same.

That is my explanation. Anyways, you can check on FXCM web site to see how they prices their CFDs.
[2020-06-26 19:23:46]
Sierra Chart Engineering - Posts: 104368
All that we can say is the data comes from FXCM and we have seen some FXCM data issues recently. Have a look at the CFD data from LMAX:
LMAX Trading Service

You can set up a LMAX demo account and you can use that as long as you want with Sierra Chart to access the data. The demo data though may not update as frequently. Not sure if there any other differences.

Set up instructions are on that page linked above.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2020-06-26 19:24:12
[2020-06-27 16:09:26]
User655875 - Posts: 2
Thanks for your quick responses and apologies for the late reply. My understanding is that my Capital Spreads price is effectively FDAX and it very closely mimics the price of the Dax almost all of the time that the DAX is open its not a quarterly quote ... It is effectively a daily CFD price too so should be the same as that supplied on the Sierra data feed. I will try the LMAX demo account idea - a big big thanks for the advice on that.

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