|
Product Name
|
Light Sweet Crude Oil Futures
|
|
Trading Exchange
|
NYMEX
|
|
Symbol Exchange
|
CL + Month Code + Year Code
E.g. April 2010 = CLJ0
|
|
Lot Size
|
1,000 US barrels (42,000 gallons)
|
|
Mini Lot Size (0.1 lot)
|
Applicable
|
|
Price Example
|
$78.34
|
|
Minimum Fluctuation
|
$0.01
|
|
Value of Fluctuation (1.0 Lot)
|
$10 per 0.01
|
|
Dealing Spread
|
$0.06
|
|
Trading Hours (UK)
|
11:00pm Sunday through to Friday 09:15pm
|
|
Times of ‘Open Outcry’ (UK)
|
2:00pm - 7:30pm (daily)
|
|
Trading Breaks (UK)
|
Daily from 10:15pm to 11:00pm
|
|
Trading Months
|
All months
|
|
First Trading Day
|
3 trading days prior to the expiring contract's settlement date
|
|
Last Trading Day
|
Please refer to our website
|
|
Limit Up / Limit Down
|
$10.00 per barrel. If a price is reached or traded at this level for 5 minutes then
trading is halted for 5 minutes. When trading resumes the limit is expanded by $10
a barrel in either direction. This process would then continuously repeat
|
|
Margin Requirement
|
$1,500
|
|
Limit Order Placement
|
$0.20 from current market price
|
|
Stop Order Placement
|
$0.20 from current market price
|
|
Settlement of contract
|
Any positions still open on the last day of trading must be closed out. Alternatively
they will be closed out at Citypoint Trading settlement price on the final day of
trading. Thus being no physical settlement
|
|
Overnight Financing
|
Not Applicable
|
|
Shariah Compliant
|
Not Applicable
|
Monthly Contract Codes
January F | February G | March H | April J | May K | June M | July N | August Q
September U | October V | November X | December Z
Note: These specifications can be subject
to change without prior notification due to extreme market conditions and also changes
within the relevant exchange. Every effort is however made to ensure a reasonable
notification period is given. Citypoint Trading does have an exceedingly good reputation
for keeping spreads tight, margins low and offering transparent prices.
|
Product Name
|
Heating Oil Futures
|
|
Trading Exchange
|
NYMEX
|
|
Symbol Exchange
|
HO + Month Code + Year Code
E.g. April 2010 = HOJ0
|
|
Lot Size
|
42,000 US gallons
|
|
Mini Lot Size (0.1 lot)
|
Applicable
|
|
Price Example
|
$1.648
|
|
Minimum Fluctuation
|
$0.001
|
|
Value of Fluctuation (1.0 Lot)
|
$42 per 0.001
|
|
Dealing Spread
|
$0.007
|
|
Trading Hours (UK)
|
11:00pm Sunday through to Friday 09:15pm
|
|
Times of ‘Open Outcry’ (UK)
|
2:00pm - 7:30pm (daily)
|
|
Trading Breaks (UK)
|
Daily from 10:15pm to 11:00pm
|
|
Trading Months
|
All months
|
|
First Trading Day
|
3 trading days prior to the expiring contract's settlement date
|
|
Last Trading Day
|
Please refer to our website
|
|
Limit Up / Limit Down
|
$0.25 per gallon ($10,500 per contract) for all months. If any contract is traded,
bid, or offered at the limit for five minutes, trading is halted for five minutes.
When trading resumes the limit is expanded by $0.25 per gallon in either direction.
This process would then continuously repeat
|
|
Margin Requirement
|
$2,000
|
|
Limit Order Placement
|
$0.03 from current market price
|
|
Stop Order Placement
|
$0.03 from current market price
|
|
Settlement of contract
|
Any positions still open on the last day of trading must be closed out. Alternatively
they will be closed out at Citypoint Trading settlement price on the final day of
trading. Thus being no physical settlement
|
|
Overnight Financing
|
Not Applicable
|
|
Shariah Compliant
|
Not Applicable
|
Monthly Contract Codes
January F | February G | March H | April J | May K | June M | July N | August Q
September U | October V | November X | December Z
Note: These specifications can be subject
to change without prior notification due to extreme market conditions and also changes
within the relevant exchange. Every effort is however made to ensure a reasonable
notification period is given. Citypoint Trading does have an exceedingly good reputation
for keeping spreads tight, margins low and offering transparent prices.
|
Product Name
|
Henry Hub Natural Gas Futures
|
|
Trading Exchange
|
NYMEX
|
|
Symbol Exchange
|
NG + Month Code + Year Code
E.g. April 2010 = NGJ0
|
|
Lot Size
|
10,000 million British thermal units (mmBtu)
|
|
Mini Lot Size (0.1 lot)
|
Applicable
|
|
Price Example
|
$6.014
|
|
Minimum Fluctuation
|
$0.001
|
|
Value of Fluctuation (1.0 Lot)
|
$10 per 0.001
|
|
Dealing Spread
|
$0.020
|
|
Trading Hours (UK)
|
11:00pm Sunday through to Friday 09:15pm
|
|
Times of ‘Open Outcry’ (UK)
|
2:00pm - 7:30pm (daily)
|
|
Trading Breaks (UK)
|
Daily from 10:15pm to 11:00pm
|
|
Trading Months
|
All months
|
|
First Trading Day
|
3 trading days prior to the expiring contract's settlement date
|
|
Last Trading Day
|
Please refer to our website
|
|
Limit Up / Limit Down
|
$3.00 per mmBtu. If a price is reached or traded at this level for 5 minutes then
trading is halted for 5 minutes. When trading resumes the limit is expanded by $3.00
per mmBtu in either direction. This process would then continuously repeat
|
|
Margin Requirement
|
$1,500
|
|
Limit Order Placement
|
$0.10 from current market price
|
|
Stop Order Placement
|
$0.10 from current market price
|
|
Settlement of contract
|
Any positions still open on the last day of trading must be closed out. Alternatively
they will be closed out at Citypoint Trading settlement price on the final day of
trading. Thus being no physical settlement
|
|
Overnight Financing
|
Not Applicable
|
|
Shariah Compliant
|
Not Applicable
|
Monthly Contract Codes
January F | February G | March H | April J | May K | June M | July N | August Q
September U | October V | November X | December Z
Note: These specifications can be subject
to change without prior notification due to extreme market conditions and also changes
within the relevant exchange. Every effort is however made to ensure a reasonable
notification period is given. Citypoint Trading does have an exceedingly good reputation
for keeping spreads tight, margins low and offering transparent prices.
|
Product Name
|
Brent Crude Oil Futures
|
|
Trading Exchange
|
ICE – Intercontinental Exchange
|
|
Symbol Exchange
|
CO + Month Code + Year Code
E.g. April 2010 = COJ0
|
|
Lot Size
|
1,000 barrels
|
|
Mini Lot Size (0.1 lot)
|
Applicable
|
|
Price Example
|
$77.46
|
|
Minimum Fluctuation
|
$0.01
|
|
Value of Fluctuation (1.0 Lot)
|
$10 per 0.01
|
|
Dealing Spread
|
$0.08
|
|
Trading Hours (UK)
|
1:00am Monday through to 09:00pm Friday
|
|
Times of ‘Open Outcry’ (UK)
|
N/A
|
|
Trading Breaks (UK)
|
Daily from 11:00pm to 01:00am
|
|
Trading Months
|
All months
|
|
First Trading Day
|
3 trading days prior to the expiring contract's last trading day
|
|
Last Trading Day
|
Please refer to our website
|
|
Limit Up / Limit Down
|
No official limits
|
|
Margin Requirement
|
$1,500
|
|
Limit Order Placement
|
$0.30 from current market price
|
|
Stop Order Placement
|
$0.30 from current market price
|
|
Settlement of contract
|
Any positions still open on the last day of trading must be closed out. Alternatively
they will be closed out at Citypoint Trading settlement price on the final day of
trading. Thus being no physical settlement
|
|
Overnight Financing
|
Not Applicable
|
|
Shariah Compliant
|
Not Applicable
|
Monthly Contract Codes
January F | February G | March H | April J | May K | June M | July N | August Q
September U | October V | November X | December Z
Note: These specifications can be subject
to change without prior notification due to extreme market conditions and also changes
within the relevant exchange. Every effort is however made to ensure a reasonable
notification period is given. Citypoint Trading does have an exceedingly good reputation
for keeping spreads tight, margins low and offering transparent prices.
Trade CFDs with tight spreads and low margins…