Comprising the most influential and largest companies of the planet, the UK 100 Index is the most sought-after index of the British Stock Exchange, and it indicates not only the country’s current business performance but the economic growth on the global scene.
Also dubbed as FTSE 100 Index (English Financial Times Stock Exchange Index) or just Footsie, UK 100 is determined by FTSE Group, an independent company belonging to the Financial Times agency and the London Stock Exchange (LSE). The index is widely seen as one of the most important stock market indicators at European markets.
The UK 100 Index is the most commonly used metrics to evaluate the state of the British economy. This index contains the most authoritative UK companies which are listed on the London Stock Exchange by market capitalization. The company’s size determines its influence over the totals index’s price.
In order to be included in the UK 100 Index, a company must meet the requirements prescribed by the FTSE Group:
- A company’s shares must be listed on LSE,
- The value of shares of the FTSE 100 index must be expressed in Pounds or Euros,
- A company must pass a test of belonging to a particular state,
- FTSE 100 shares must be in free float and be highly liquid.
As for the United Kingdom, the biggest enterprises are generally engaged in mineral production, energy production, insurance, and banking business. An example of companies which currently constitute the UK 100 Index:
- 3i Group plc
- Associated British Foods Plc (ABF)
- Coca-Cola Hellenic Bottling Company
- British American Tobacco Plc
- Lloyds Banking Group Plc
Brokers trading the UK 100 Index
There are hordes of brokers offering UK 100 aka FTSE 100, but we decided to pick only those which can boast excellent compliance and reputation.
IG is a publicly listed broker authorized and regulated by the Australian Securities and Investment Commission and having over 195K clients across the globe. The broker offers massive marker range: Bitcoin, bonds, commodities, options, interest rates, indices – over 15, 000 markets in total. As for our favorite UK 100 index, IG broker trades it at a spread of 1.0.
Capital Markets LLC. is a cutting-edge ECN broker, headquartered in Hong Kong. Рrovides access to a broad range of markets 77 currency pairs, metals, natural gas, oil. Our favorite UK 100 Index is traded here at a spread of 0 points.
Saxo Capital Markets is a London-based broker operating under the strict control of the Financial Conduct Authority. The brokerage allows you to trade over 35,000 instruments with access from any device. FTSE 100 spread starts with 1pt.
Peperstone is yet another popular broker from Australia compliant with the Australian Securities and Investments Commission. The dealer spoils its clients with a rich choice of instruments: Index CFDs, precious metals, energy, soft commodities, cryptocurrencies, share CFDs. FTSE 100 spread is as low as 1pt.
Surely, the range of brokers trading the UK 100 index is not limited to this trio. There are hundreds of them, both well-regulated and lacking outside control. Always perform your due diligence before trusting any broker a dollar.