Often known as the “All Ords,” the All Ordinaries Index (XAO) is a crucial indicator of the Australian stock market. It was created in 1979 and consists of the 500 biggest businesses that are listed on the Australian Securities Exchange (ASX), accounting for about 90% of the market value.
Index of the Market
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Investors frequently use the S&P/ASX 200 Futures to hedge or speculate on the larger Australian equities market, even though the All Ordinaries Index itself lacks a specific futures contract. The S&P/ASX 200 Index is regarded as a more liquid and tradeable subset of the All Ordinaries and comprises the top 200 companies by float-adjusted market capitalization.
Understanding the S&P/ASX 200 Futures
The S&P/ASX 200 Futures, also known as the SPI 200 Futures, are standardized contracts traded on the ASX. Each contract represents A$25 times the index value. For instance, if the index is at 8,150 points, the contract’s notional value would be A$203,750. These futures are cash-settled and typically have quarterly expiry months in March, June, September, and December .IG+2Investing.com+2IG+2
Recent Market Performance
As of May 6, 2025, the S&P/ASX 200 Futures are trading around 8,144.2 points, reflecting a slight decline of 0.15% from the previous session . The broader All Ordinaries Index is at 8,286.3 points, marking a 1.004% increase .Australian Securities Exchange
Trading Considerations
When trading S&P/ASX 200 Futures, it’s essential to be aware of the margin requirements and contract specifications. For example, IG Markets offers these futures with a minimum contract size of 0.05 and a margin requirement of 5% . The value of one pip (1 index point) is A$25.