Futures
Futures are derivative products, that derive their value from the price movement of an underlying instrument such as Gold, Coffee, a Currency pair, a Stock Index or a Government Bond. They are essentially contracts with an obligation to buy or to sell an instrument (in a certain quantity) at or before a fixed time for an agreed price. Futures are traded at large exchanges that formulate the contract terms. The buyer of a contract holds a long position, the seller of a contract holds a short position. Futures have a finite lifespan that ends at a preset expiration date.
They can either be used to hedge investment positions (to mitigate the risk of price movements) or to speculate (to try and profit from price movements). Futures trading started 150 years ago as a way to manage agricultural production. Planting and harvesting cycles created swings in prices and futures contracts were created to manage that risk. They have evolved into the exchange-traded instruments we know today, which are a key part of the financial system.
CFD futures are priced directly from the underlying futures markets, with commissions, financing charges and dividend adjustments all built into the spread itself. IC Broker offers competitive spreads across all of our Future CFDs.
The following table shows our selection of global Futures CFDs
| Index | Symbol |
|---|---|
| ICE Dollar Index Futures | DXY |
| CBOE VIX Index Futures | VIX |
| Brent Crude Oil Futures | BRENT |
| WTI Crude Oil Futures | WTI |
Futures
Facts
Upcoming Expiring, Spot Oil and Tradable Markets
IC Broker Futures CFDs are set to expire on the day the contract expires on the underlying market. When a Futures CFD contract expires, all open positions will be closed at the futures settlement price; as reported by the futures exchange. This process would usually take place on the day following the expiry. Open positions are not rolled to the next front month so any clients wishing to hold long term positions must reopen the trade on the next available contract.
| Index | Symbol | Contract Month | Expiry Date |
|---|---|---|---|
| US Dollar Index Futures | DXY_M0 | JUNE-20 | 15-06-2020 |
| US Volatility Index Futures | VIX_M0 | JUNE-20 | 16-06-2020 |
| WTI Crude Oil Futures | WTI_N0 | JULY-20 | 19-06-2020 |
| Brent Crude Oil Futures | BRENT_Q0 | AUGUST-20 | 29-06-2020 |
Soft Commodities Expiry Information:
| Soft Commodity | Contract Month | Expiry Date |
|---|---|---|
| Coffee_N0 | JULY-20 | 15-06-2020 |
| Cocoa_N0 | JULY-20 | 15-06-2020 |
| Cotton_N0 | JULY-20 | 15-06-2020 |
| Wheat_N0 | JULY-20 | 16-06-2020 |
| Corn_N0 | JULY-20 | 23-06-2020 |
| Soybean_N0 | JULY-20 | 23-06-2020 |
| OJ_N0 | JULY-20 | 29-06-2020 |
| Sugar_N0 | JULY-20 | 29-06-2020 |
Futures CFD Example
The gross profit on your trade is calculated as follows:
Opening Price
$14.20
Closing Price
$18.20
Difference
4.00 (400 Index points)
Gross Profit on Trade
400 x 1 contracts ($0.01 per point) = USD $4.00
Opening the Position
The price of the VIX is 14.05/14.20. You are of the view that market volatility will increase so you decide to buy 1 contract at 14.20. (One contract is equal to $0.01 per point, there are 100 pointsper 1.00 change in the index). No commission is charged on Futures CFDs.
Closing the Position
Four days later, the VIX has risen to 18.20/18.35 and you decide to take your profit. You close your position by selling 1 contract at 18.20.
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Some blockchain protocols allow participants to earn additional cryptocurrency by contributing to the network. These rewards can be earned in many different ways including staking, inflation, savings rates, etc
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we are proud to be one of the best digital asset lending company to complete a Proof-of-Reserves attestation by a top-25 public accounting firm,UK. Icbroker clients can anonymously verify that their assets are included in the periodic reports.
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