Buy/sell a DARWIN that has open trades in assets which market is currently closed

Should you want to buy/sell a DARWIN with open trades in assets which market is currently closed, the purchase/sale will not be carried out immediately.

The system will buy/sell those assets where the markets are open, waiting for the opening of the closed markets to complete the buy/sell.

In the case of sale, the funds will be available and the sale will be reflected in the history section, once 100% of the assets in the DARWIN have been closed.

Visit the table of assets and spreads to check out the opening time of all our assets.

 

Opening times of some assets may be subject to change/restrictions due to bank holidays.

Buying a DARWIN

Imagine you buy a DARWIN at 17:15 (NY time) that has underlying assets on the EURUSD and the SP500 (S&P500).

Asset opening times

  • EURUD => 17:05
  • Opening time SP500 => 18:00

By having different times, this would be the sequence of your investment:

17:15 => the DARWIN is open and its quote price is moving

17:15 => you decide to buy the DARWIN. Darwinex buys the underlying asset which market is open (EURUSD). From that moment on you are exposed to the EURUSD although you cannot see the trade reflected on your DARWINs Terminal.

18:00 => at this time the SP500 market opens and Darwinex sends a market order to buy this asset and fully complete the investment in the DARWIN. From this moment on you will be able to see your investment in your DARWINs Terminal.

For 45 minutes, from 17:15 to 18:00, you have invested in a DARWIN whose quote has been moving in term of the EURUSD.

However, the opening price reflected in the DARWINs Terminal will be that at 18:00 therefore it is highly likely that the quote might have varied between 17:15 and 18:00, either in your favor or against you.

Selling a DARWIN

Imagine you sell a DARWIN at 17:15 (NY time) that has underlying assets on the EURUSD and the SP500 (S&P500).

Asset opening times

  • EURUSD => 17:05
  • Opening time SP500 => 18:00

Since they have different closing times, this would be the sequence of your sale:

17:15 => the DARWIN is open and its quote price is moving

17:15 => you decide to sell the DARWIN

Darwinex sells the underlying asset which market is open (EURUSD).

From this moment on, as you are no longer exposed to the EURUSD, the investment in your portfolio disappears.

However, the amount will not be reflected in the ‘’Available’’ section until 100% of the sale has been completed. The closed P&L will temporally show a 0.

18:00 => at this time the SP500 market opens and Darwinex send a market order to sell said asset and fully complete the sale of the DARWIN.

From this moment on you will be able to see the increase in your available capital, as well as the details of the trade in the ‘’History’’ tab.