WSD Global Markets launches WTI _ CFD’s
Salient Features:-
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:-
Please note the expiry dates of the Futures contract:
| Last trading Day |
| April 14, 2010 |
| May 13, 2010 |
| June 12, 2010 |
| 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 | ----------- |