BOARD

Introducing the DARWIN Correlation Test

25 September 2015

Fancy knowing what DARWINs are correlated to each other? Wait no more! Introducing the new Darwinex Correlation Test.

Let’s look into our friend Integracore2’s DARWIN PLF to gain a better insight into the new correlation feature.

1. The correlation matrix

Snip20150925_38

As you can see in the screenshot above, a new “Correlation” tab has been added to the DARWINs’ report. It contains a matrix with all the DARWINs that show positive correlation with the DARWIN you are reviewing.

Snip20150925_45

In our example, PLF has positive correlation with DARWINs LZL, PFL, IVH, FLP, LVO, FUI, ZUV, BMD, CNX and IQU (arranged in descending order by correlation).

2. Correlated DARWINs & DarwinIA prizes

This new correlation tool has a major impact on DarwinIA: going forward, amongst DARWINs highly correlated to each other, only that with the highest level & D-Score will be eligible to participate in DarwinIA. Now, what does too highly correlated mean exactly?

  • If a Provider submits 2 DARWINs with a correlation higher than 0.5, only the one with the highest level & highest D-Score is eligible for DarwinIA.
  • If 2 Providers submit DARWINs with positive correlation higher than 0.7, only the DARWIN with the highest level & highest D-Score is eligible for DarwinIA.

Further to our PLF example, the second row of the correlation matrix shows which of the correlated DARWINs are currently eligible for DarwinIA’s prizes this month (PLF, for example, is not eligible for DarwinIA because it has a 0.98 correlation with LZL, which has a higher level & score than PLF).

Correlation is re-calculated on a daily basis, so the fact that a specific DARWIN is not eligible to take part in DarwinIA today does not mean that it won’t be eligible tomorrow!

3. Comparison between two DARWINs

Right below the correlation matrix, you’ll find a search box.

Snip20150925_41

Just type any DARWIN’s ticker to find out if it’s correlated with the DARWIN you are reviewing.

The table on the right shows an in-depth comparison between the 2 DARWINs (which one has made more trades, which enters the market first, etc.).

Also, the chart below the search box shows the evolution of the correlation between two specific DARWINs.

We hope you like this new feature! As always, feel free to get in touch at info@darwinex.com for feedback & support.

 

 

Last News

Amended Trading Hours Start of Daylight Saving Time 2021

4 March 2021

Please note our amended trading hours(*) for the two-week period between the change in the US from EST to EDT on 14 March 2021 and the subsequent change in the UK from GMT to BST on 28 March 2021.

Please note our amended trading hours(*) for the two-week period between the change in the US from EST to EDT on 14 March 2021 and the subsequent change in the UK from GMT to BST on 28 March 2021.

Instrument Trading Hours in GMT
FX* 21:05 Sun – 20:55 Fri (except 21:59:50 – 21:04:01 daily)
DARWINS* 21:05 Sun – 20:55 Fri (except 20:59 – 21:05 daily)
COMMODITIES
XAUUSD* 22:01 Sun – 20:55 Fri (except 20:59 – 22:01 daily)
XAGUSD* 22:00:01 Sun – 20:55 Fri (except 20:59:50 – 22:00:01 daily)
XTIUSD* 22:00:01 Sun – 20:55 Fri (except 20:59:50 – 22:00:01 daily)
XNGUSD* 22:00:01 Sun – 20:55 Fri (except 20:59:50 – 22:00:01 daily)
INDICES
AUS200* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
STOXX50E* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
FCHI40* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
GDAXI 01:30 – 21:00 (Mon – Fri)
SPA35 07:00 – 19:00 (Mon – Fri)
J225* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
UK100* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
SPX500* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
NDX* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
WS30* 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US STOCKS* 13:31 -19:59 (Mon – Fri)

Please don’t hesitate to get in touch at info@darwinex.com should you have questions.

Margin decrease for XAGUSD (Professional Clients) and XTIUSD (Retail & Professional Clients)

12 February 2021

Due to the decrease in volatility, we have lowered the margin requirement for XAGUSD for Professional Clients. In parallel, we have also lowered the margin requirement for XTIUSD, for the same reason, for both Retail and Professional Clients.

Due to the decrease in volatility, we have lowered the margin requirement for XAGUSD for Professional Clients.

In parallel, we have also lowered the margin requirement for XTIUSD, for the same reason, for both Retail and Professional Clients.

The new margin for XAGUSD for Professional Clients will be 4% compared to 10% previously.

The new margin for XTIUSD for both Retail and Professional Clients will be 5% versus 20% previously.

The new margin came into effect on 11 February 2021 and applies to both new and existing trades.

Trading Hours for US Presidents’ Day on 15 February 2021

5 February 2021

Please note that due to Presidents’ Day in the US on Monday 15 February 2021, commodities and US/Japan indices will close earlier and US stocks will remain closed all day. Commodities 15 February 2021 UTC XAUUSD Early close at 17:43 UTC XAGUSD Early close at 17:59 UTC XTIUSD Early close at 17:44 UTC XNGUSD Early […]

Please note that due to Presidents’ Day in the US on Monday 15 February 2021, commodities and US/Japan indices will close earlier and US stocks will remain closed all day.

Commodities 15 February 2021 UTC
XAUUSD Early close at 17:43 UTC
XAGUSD Early close at 17:59 UTC
XTIUSD Early close at 17:44 UTC
XNGUSD Early close at 17:44 UTC
Índices
J225 Early close at 17:58 UTC
SPX500 Early close at 17:58 UTC
NDX Early close at 17:58 UTC
WS30 Early close at 17:58 UTC
US stocks
All CLOSED

During this time spreads may be wider and liquidity may be thinner. Bank holidays may also give rise to changes in the applicable swap rates.

As always, at info@darwinex.com we’ll be happy to assist you!

Amended Trading Hours for Australia Day (26 January 2021)

21 January 2021

Please be aware that Australia Day will be held on 26 January 2021. Kindly note that during this time spreads may be wider and liquidity may be thinner. Also, the following amended trading hours will apply. Indices  Tuesday 26 January 2021 AUS200 06:11 – 22:00 UTC The rest of the assets will trade according to their usual […]

Please be aware that Australia Day will be held on 26 January 2021. Kindly note that during this time spreads may be wider and liquidity may be thinner.

Also, the following amended trading hours will apply.

Indices  Tuesday 26 January 2021
AUS200 06:11 – 22:00 UTC

The rest of the assets will trade according to their usual trading time.

See the full calendar of amended trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Trading Hours for the US Martin Luther King Day on 18 January 2021

11 January 2021

Please note the amended trading hours that will apply on Monday 18 January 2021.

Please note the amended trading hours that will apply on Monday 18 January 2021.

🕤 All times in the following table are UTC (Coordinated Universal Time).
⚠️ During bank holidays spreads may be wider and liquidity may be thinner. They usually also give rise to changes to the applicable swap rates.
Commodities   Monday 18 January 2021
XAUUSD Early close at 17:43 UTC
XAGUSD Early close at 17:59 UTC
XTIUSD Early close 17:44 UTC
XNGUSD Early close 17:44 UTC
Indices
J225 Early close at 17:58 UTC
SPX500 Early close at 17:58 UTC
NDX Early close at 17:58 UTC
WS30 Early close at 17:58 UTC
US Stocks
All US stocks Closed

 

 

 

 

Related information:

As always, at info@darwinex.com we’ll be happy to assist you!

brexit

Brexit, the endgame: what you need to know in a no-deal Brexit scenario

16 December 2020

With the year coming to an end and Brexit coming into force on January 1st 2021, we would like to remind you that Darwinex is Brexit ready. Below are some updates for both existing and new customers. Please note that these will be relevant only in the case of a no-deal Brexit.

With the year coming to an end and Brexit coming into force on January 1st 2021, we would like to remind you that Darwinex is Brexit ready. Below are some updates for both existing and new customers. Please note that these will be relevant only in the case of a no-deal Brexit.

No-deal Brexit for existing EU customers

What changes in your relationship with FCA-regulated Darwinex in a no-deal Brexit scenario? In short: nothing, if you’re an existing customer.

  1. The FCA continues to protect your right to trade with us.
  2. Your monies remain with Santander UK, Natwest Bank or Sabadell UK in London.
  3. Your Funds enjoy FSCS deposit protection and Lloyd’s insurance for up to GBP 500,000.

Brexit doesn’t impair your right to trade with counterparties in 3rd countries outside the EU. You could trade with Australian brokers, you continue to enjoy the right to trade with UK brokers.

No-deal Brexit for new EU customers

For Darwinex, a no-deal Brexit scenario means restrictions to market to new EU customers with our FCA entity. We’ll shortly share details of our new license in the EU, which will offer identical conditions to our UK entity.

Our FCA-regulated UK entity will, in any case, continue accepting EU customers whenever reverse solicitation applies. Reverse solicitation means traders and investors approaching Darwinex on their own initiative and Darwinex not having solicited them to trade or invest.

We’ve recorded a podcast episode about Brexit and prepared a Brexit FAQ. Feel free to send to info@darwinex.com any questions you might have and we’ll answer them for everyone’s benefit!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. -- % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.