The basic conditions of trade
Contracts for Crude Oil.
| Contract | Ticker | Maintenance Bond, % | Minimum trade size | Expiration |
|---|---|---|---|---|
| Crude Oil, Light Sweet | CL ÕÕ* | 10% | 25 barrels | published on trading platform (instrument description) |
Table of month codes
| F – January | J – April | N - July | V - October |
| G – February | K – May | Q – August | X – November |
| H – March | M – June | U - September | Z - December |
Contract Currency: – US Dollar
Trading hours: 08:00 – 21:00 (GMT), GLOBEX business days.
Contracts for Indices
| Ticker | Instrument Currency | Contract (Lot) size | Minimum trade | Trading session (GMT*) | Maintenance Bond, % | Spread |
|---|---|---|---|---|---|---|
| S&P500 | USD | 1$ * Index | 1 lot | 14:30 - 21:00 | 10% | 1.00 |
| NASDAQ | USD | 1$ * Index | 1 lot | 14:30 - 21:00 | 10% | 1.00 |
| FTSE100 | GBP | 1£ * Index | 1 lot | 09:00 - 16:30 | 10% | 3.50 |
* Session time can be changed (for example, according to changes of trading session of the base index or in cases of local time change)
Overnight margin rates application time (Maintenance bond rate change day/night) – 15:30 (GMT) daily. Maintenance bond rate changes automatically after stated time. In case when margin usage level is exceeded (margin call) client’s positions will be closed.
No commission for overnights!
Zero commission for financing overnight positions applies to all instruments.
All contracts expire not later than in 7 calendar days since it was made (except for contracts for commodities). All open positions are subject to automatic expiration each Friday 22:59 CET.
Expiration procedures
- All open positions will be closed and all outstanding P&L will be debited or credited to the client’s account
- New equivalent positions for the same instrument will be opened at the same close price of expired contracts.
- Automatic expiration is absolutely free of any charges to the client and it in no way affects its overall financial state (please note that brokerage commission does not apply to new positions opened as a result of expiration but the amount of commission will be recalculated according to new open price).
Margin Requirements
Maintenance bond of 1% means that for $1000 account a position of maximum $100 000 can be opened (1%of position guaranteed by account value and 99% borrowed from broker).
Maintenance bond may vary from 1% to 10% depending on contract type.
Maintenance bond may be increased for over weekend positions.
The Company reserves the right to change Maintenance bond levels for any contract without prior notification. For instance as a reason for such action the Company will monitor level of liquidity or any other limitations to the free trading of the underlying assets (Exchange shut down, halt of trading, extreme volatility etc).
