WSD has a selective group of futures specialists covering the major soft commodities, financials, precious metals, energy and currencies. WSD clients benefit from our extensive experience as an active participant in these markets. WSD provides global derivatives clearing to self traders and Introducing Brokers including:
Metals : WSD has arrangements with various entities to deal in metals of all kinds. Our derivatives professionals are a team of metals specialists who bring in a significant depth of experience to the global metals community of producers, manufacturers, traders and speculators.
We implement trading strategies for all the Exchange traded derivatives for our broad base of clients, which include producers, consumers, merchants, funds, and members of the financial community. In conjunction with our OTC Derivatives team, we also offer an unlimited array of tailor made derivative products.
Agricultural commodities:As a team we provide up to the minute data and immediate access to the world\'s markets in soybeans, soy oil, soy meal, palm oil, corn, wheat, sugar, coffee, cocoa and orange juice amongst others. Having access to the latest information, along with the ability to execute your orders immediately, is an essential risk management tool in the volatile agricultural sector.
Energy futures: Manufacturers, suppliers, fund mangers, institutional hedgers and speculators that utilize energy futures and options markets in global trading and risk management can benefit from our long-standing relationships with a growing network of energy producers, refiners, marketers, utilities, transporters, governmental organizations and hedge funds. Our professionals have the knowledge and expertise in — futures, options, spreads, synthetics and swaps to minimize the risk associated with adverse price movements in crude oil, heating oil, gas and natural gas. We sound personalised solutions on hedging techniques, superior client service and timely order execution. When you participate in the energy futures market, you receive a daily recap of trades, statements, trade reconciliation, cash movements and exchange delivery procedures.
Currency and other Futures Products:Our derivative product experts focus on the customer’s needs and the markets enabling us to specialize in custom designing over-the-counter solutions for our clients.
We offer products in foreign exchange, equity indices, interest rates, base metal, precious metal, energy and agricultural commodities markets that are structured for clients and dependent upon such factors as the amount and timing of cash flows, maturity and expiration dates, exposure to interest rates, credit, prepayment, valuation and exchange rate risk.
We also offer option instruments such as caps, ceilings, floors and collars etc.
Futures Contract Specification
Financial |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
ED |
Eurodollar (3 Month) |
CME |
7:20-2:00 |
H,M,U,Z |
1 mil E |
1 pt.= $25.00 |
|
$743 |
$550 |
EY |
Euroyen (3 Month) |
CME |
7:20-2:00 |
H,M,U,Z |
100 mil Y |
1 pt.= 1,250.00 Y |
|
¥23,625 |
¥17,500 |
TB,RTB |
T-Bills (90 Day) |
CME |
7:20-2:00 |
H,M,U,Z |
1 mil Bills |
1 pt.= $25.00 |
|
$405 |
$300 |
TU,RTU |
T-Notes (2 Years) |
CBOT |
7:20-2:00 |
H,M,U,Z |
$200,000 note |
1/128= $15.625 |
|
$540 |
$400 |
FV,RFV |
T-Notes (5 Years) |
CBOT |
7:20-2:00 |
H,M,U,Z |
$100,000 note |
1/64= $15.625 |
|
$608 |
$450 |
TY,TYD |
T-Notes (10 Years) |
CBOT |
7:20-2:00 |
H,M,U,Z |
$100,000 note |
1/64= $15.625 |
|
$878 |
$650 |
US,USD |
US T-Bonds |
CBOT |
7:20-2:00 |
H,M,U,Z |
$100,000 note |
1/32= $31.25 |
|
$1,350 |
$1,000 |
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Currencies |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
AD,RAD |
Australian Dollar |
IMM |
7:20-2:00 |
H,M,U,Z |
100,000 AD |
1 pt= $10.00 |
|
$2,700 |
$2,000 |
BP,RBP |
British Pound |
IMM |
7:20-2:00 |
H,M,U,Z |
62,500 BP |
1 pts.= $6.25 |
|
$2,295 |
$1,700 |
CD,RCD |
Canadian Dollar |
IMM |
7:20-2:00 |
H,M,U,Z |
100,000 CD |
1 pt. = $10.00 |
|
$2,025 |
$1,500 |
EC,REC |
Eurodollar |
IMM |
7:20-2:00 |
H,M,U,Z |
$125,000 |
1 pt.= $12.50 |
|
$2,900 |
$2,700 |
JY,RJY |
Japanese Yen |
IMM |
7:20-2:00 |
H,M,U,Z |
12.5 mil Yen |
1 pt.= $12.50 |
|
$2,700 |
$2,000 |
E1,SF |
Swiss Franc |
IMM |
7:20-2:00 |
H,M,U,Z |
125,000 SF |
1 pt.= $12.50 |
|
$2,565 |
$1,900 |
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Indicies |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
NDJ,DJ |
Dow Jones Ind |
CBOT |
7:20-3:15 |
H,M,U,Z |
$10 x Index Value |
1 pt.= $10.00 |
|
$7,005 |
$5,604 |
ND,RNQ |
NASDAQ 100 |
CME |
8:30-3:15 |
H,M,U,Z |
$100 x Index Value |
1 pt.= $5.00 |
|
$13,750 |
$11,000 |
NQ |
NASDAQ 100 (E-Mini) |
CME |
5:00PM-3:15PM |
H,M,U,Z |
$20 x Index Value |
1 pt.= $.20 |
|
$3,250 |
$2,600 |
NK |
Nikkei 225 |
CME |
8:00-3:15 |
H,M,U,Z |
$5 x Ave |
1 pt.= $5.00 |
|
$4,688 |
$3,750 |
YU |
NYSE Stock Index |
NYBT |
8:30-3:15 |
H,M,U,Z |
$50 x Index |
1 pt.= $5.00 |
|
$12,000 |
$12,000 |
ER |
Russell 2000 (E-Mini) |
IOM |
8:30-3:15 |
H,M,U,Z |
$100 x Index Value |
1 pts.= $1.00 |
|
$3,375 |
$2,700 |
SP,RSP |
S&P 500 |
CME |
8:30-3:15 |
H,M,U,Z |
$250 x Index |
1 pt.= $2.50 |
|
$19,688 |
$15,750 |
ES |
S&P 500 (E-Mini) |
CME |
5:00-3:15PM |
H,M,U,Z |
$50 x Index |
1 pt.= $.50 |
|
$3,938 |
$3,150 |
DX |
US Dollar Index |
NYBT |
6:00PM-9:00PM |
H,M,U,Z |
$1000 x Index |
1 pt.= $10.00 |
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$1,330 |
$1,000 |
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Grains |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
NC,C |
Corn |
CBOT |
9:30-1:15 |
H,K,N,U,Z |
5,000 bu |
1 ct= $50.00 |
|
$2,025 |
$1,500 |
MW |
Wheat |
CBOT |
9:30-1:15 |
H,K,N,U,Z |
5,000 bu |
1/4 pt.= $50.00 |
|
$4,050 |
$3,000 |
NO,O |
Oats |
CBOT |
9:30-1:15 |
H,K,N,U,Z |
5,000 bu |
1 ct= $50.00 |
|
$1350 |
$1000 |
NS,S |
Soybean |
CBOT |
9:30-1:15 |
F,H,K,N,Q,U,X |
5,000 bu |
1 ct= $50.00 |
|
$4,725 |
$3,500 |
NSM,SM |
Soybean Meal |
CBOT |
9:30-1:15 |
F,H,K,N,Q,U,V,Z |
100 tons |
1 pt.= $1.00 |
|
$2,080 |
$1,500 |
NBO,BO |
Soybean Oil |
CBOT |
9:30-1:15 |
F,H,K,N,Q,U,V,Z |
60,000 lbs |
1 pt.= $6.00 |
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$2025 |
$1500 |
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Livestock |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
FC |
Feeder Cattle |
CME |
9:05-1:00 |
F,H,J,K,Q,U,V,X |
50,000 lbs |
1 pt.= $5.00 |
|
$1,620 |
$1,200 |
LC |
Live Cattle |
CME |
9:05-1:00 |
G,J,M,Q,V,Z |
40,000 lbs |
1 pt.= $4.00 |
|
$1,080 |
$800 |
LH |
Lean Hogs |
CME |
9:10-1:00 |
G,J,M,N,K,Q,V,Z |
40,000 lbs |
1 pt.= $4.00 |
|
$1,215 |
$900 |
PB |
Pork Bellies |
CME |
9:10-1:00 |
G,H,K,N,Q |
40,000 lbs |
1 pt.= $4.00 |
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$1,620 |
$1,200 |
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Lumber |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
LB |
Random Length Lumber |
CME |
9:00-1:05 |
F,H,K,N,U,X |
110,000 bd ft. |
1 pt.= $11.00 |
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Metals |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial margin |
Maintenance |
HG,RHG |
Copper (High Grade) |
COMEX |
7:10-12:00 |
F,H,K,N,U,Z |
25,000 lbs |
1 ct= $12.50 |
|
$7,763 |
$5,750 |
GC,RGC |
Gold |
COMEX |
7:20-12:30 |
G,J,M,Q,V,Z |
100 oz |
$1= $100 |
|
$7,425 |
$5,500 |
PA |
Palladium |
COMEX |
7:30-12:00 |
H,M,U,Z |
100 oz |
1 pt.= $.50 |
|
$3,713 |
$2,750 |
PL |
Platinum |
COMEX |
7:20-12:05 |
F,J,N,V |
50 oz |
0 pt.= $.50 |
|
$8,100 |
$6,000 |
Si,RSI |
Silver |
COMEX |
7:25-12:25 |
F,H,K,N,U,Z |
5,000 oz |
1 pts.= $.50 |
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$8,100 |
$6,000 |
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Softs |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenane |
CC |
Cocoa |
NYBT |
7:00-10:50 |
H,K,N,U,Z |
10 Metric Tons |
1 pt.= $10.00 |
88 pts = $880 |
$2,940 |
$2,100 |
KC |
Coffee |
NYBT |
8:15-11:30 |
H,K,N,U,Z |
37,500 lbs |
1 pt.= $18.75 |
|
$4,200 |
$3,000 |
CT |
Cotton |
NYBT |
9:30-1:15 |
H,K,N,V,Z |
50,000 lbs |
1 pt.= $5.00 |
|
$2,520 |
$1,800 |
LB |
Lumber |
CME |
9:00-1:05 |
F,H,K,N,U,X |
110,000 bd ft |
1 pt.= $.10 |
|
$1,650 |
$1,100 |
OJ |
Orange Juice |
NYBT |
9:00-12:30 |
F,H,K,N,U,X |
15,000 lbs |
1 pt.= 17.50 |
|
$2,240 |
$1,600 |
SB |
Sugar #11 |
NYBT |
8:00-11:00 |
H,K,N,V |
112,000 lbs |
1 pt.= $11.20 |
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$1,260 |
$900 |
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Energies |
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Symbol |
Future |
Exchange |
Hours |
Months |
Contract Size |
Point Value |
Daily Limits |
Initial Margin |
Maintenance |
CL,RCL |
Crude Oil |
NYMX |
9:00-1:30 |
All Months |
1,000 bbl |
1 pt.= $10.00 |
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$12,488 |
$9,250 |
HO,RHO |
Heating Oil |
NYMX |
9:00-1:30 |
All Months |
42,000 gal |
1 pt.= $4.20 |
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$14,175 |
$10,500 |
NG,RNG |
Natural Gas |
NYMX |
9:00-1:30 |
All Months |
10,000 mm/btu |
1 pt.= $10.00 |
|
$12,825 |
$9,500 |
HU,RHU |
Unleaded Gas |
NYMX |
9:00-1:30 |
All Months |
42,000 gal |
1 pt.= $4.20 |
|
$12,150 |
$9,900 |
| Exchanges: CBOT: Chicago Board of Trade CME: Chicago Mercantile Exchange COMEX: Commodity Exchange, Inc. CSCE: New York Coffee, Sugar and Cocoa Exchange IMM: International Monetary Market (Div. of CME) IOM: Index and Options Market (Div. of CME) KCBT: Kansas City Board of Trade MACE: MidAmerica Commodity Exchange MGE: Minneapolis Grain Exchange NYFE: New York Futures Exchange NYCE: New York Cotton Exchange NYME: New York Mercantile Exchange WPG: Winnipeg Commodity Exchange Hours: local time, where the Exchange is located. Comment:$ refers to US Dollar |
Months: F=Jan G=Feb H=Mar J=Apr K=May M=Jun N=Jul Q=Aug U=Sep V=Oct X=Nov Z=Dec |
Contract Specification Notes: (1) No limits front 2 months. (2) Contact your broker for updated information. (3) No limits front month. (4) No limits after First Notice Day. (5) No limits starting day before First Notice Day. (6) Circuit breaker rule - ask your broker for details. (7) Initial limit for front 2 months = 2000 pts. Total limit = 4000 pts. Back months initial limit = 2000 pts. Total limit = 2000 pts. (8) No limits starting first or second day of or prior to delivery month. (9) The day prior to bank holidays and/or 3-day week ends many markets may close at noon. Contact your broker for details. (10) No limits last 1/2 hour of trading daily and on last trading day. Adjustable intraday limits may apply. (11) Under 2000 = 600 pt. limit; 2000-3000 = 900 pt. limit; 3000-4000 = 1200 pt. limit; over 4000 = 1500 pt. limit. (12) Initial limit front 2 months = 750 pts. Total limit = 1500 pts. Back months initial limit = 100 pts. Total limit = 750 pts. (13) Traded in Canadian Dollars. (14) Expanding limits - ask your broker for details. Limits subject to change and to variable limit rules of Exchanges. |
