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:

Last trading Day

April 14, 2010

May 13, 2010

June 12, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• 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	-----------