WSD Global Markets launches WTI _ CFD’s

 

Salient Features:-

1. 5 cent spreads
2. 2 % margins
3. 1pt = $ 10.

 

 

Trading Hours
New Zealand time
Monday to Saturday: - 12.00 pm to 11.15 am
The Roll over: -
Futures contracts are Exchange traded hence they have specific expiry dates:-

 

• The price will be switched from the front month price feed into the next month price feed at the close of business.
• The price will be switched one or two days before the official market switches its front month feed (before market expires).

 

Please note the expiry dates of the Futures contract:-

Futures Contract	Last trading Day
January 2009	19.12.08
February 2009	20.01.09
March 2009	20.02.09
April 2009	20.03.09
May 2009	21.04.09
June 2009	19.05.09
July 2009	22.06.09
August 2009	21.07.09
September 2009	20.08.09
October 2009	22.09.09
November 2009	20.10.09
December 2009	20.11.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• Rollover of the Contract is done at the Price it was first opened and there is no Roll over gain or loss to a customer.

For Example:-
Client open position is:	- Long 1 contract WTI _ CFD @ 36.60
Price on close of day	= 37.28
(Before the front month changes)
Profit client makes on this is	= $ 680
ext contract Price is	= 44.19
Difference of Next contract price to current month:	+ 6.91
Price Feed is changed to New Contract
Account Position now shows a profit of	$ 6,910
The Account will be debited by	-   $ 6,910
The Net effect is ZERO	-----------
Client open position is:	- Short 1 contract WTI _ CFD @ 36.60
Price on close of day	= 37.28
(Before the front month changes)
Loss client makes on this is	= $ 680
Next contract Price is	= 44.19
Difference of Next contract price to current month:	- 6.91
Price Feed is changed to New Contract
Account Position now shows a loss of	$ 6,910
The Account will be credited by	$ 6,910
The Account will be credited by	+ $ 6,910
The Net effect is ZERO	-----------