paddypowertrader PRODUCT INFORMATION Contents: 1. Indices. Interest Rate. Indices. Bond 5. Commodities 6. Currencies 7. ly Currencies. Individual Shares 9. Notes FUTURES INDICES Quoting FTSE 0:00-1:00 0:00-1:00 (1:00-0:00) (1) (5) Next rd Friday (or previous ) of until :00 Official LIFFE settlement for FTSE index. Wall Street 1:-: 1:-: 70 0 Near Far 6 Next End of preceding rd Friday (or previous business day) of until 1:00 Expires on the Special Opening Quotation on the rd Fri. DAX (1:00-07:00) (1) (6) Next rd Friday (or previous ) of contact until 11: for DAX CAC rd Friday of until 1. Official Euronext Paris settlement for the CAC contact. Nikkei 5 1:-: 1:1-: :01-1:15 0 5 End of preceding nd Friday (or previous business day) of until 1:00 Expires on the Special Opening Quotation on the nd Friday of the. SP 0 1:-: 1:-: 0. 0 9 Next End of preceding rd Friday (or previous business day) of until 1:00 Expires on the Special Opening Quotation on the rd Fri. Euro Stoxx Next rd Friday (or previous ) of until :00 for Euro Stoxx. Nasdaq 1:-: 1:-: 1 Next End of preceding rd Friday (or previous business day) of until 1:00 Expires on the Special Opening Quotation on the rd Friday of the. AEX Index 0. rd Friday of until 1: Official Euronext settlement Swiss SMI 07:00-16: 07:00-16:7 Next Thursday or previous before rd Friday of until 17:00 Official Eurex settlement Russ K 01:00-:00 01:00-:00 0. 0 5 End of preceding rd Friday (or previous business day) of until 1:00) Expires on the Special Opening Quotation on the rd Friday of the
FUTURES INDICES (Cont.) Quoting Jo Burg Index 06:-15: () 06:5-15: () 0 0 rd Thursday (or previous if public holiday of until 1: Official SAFEX settlement Australia :-05: 06:-1:00 () :-05:9 06:-1:00 () preceding the rd Thursday until 0:00 Official ASX settlement on rd Thurs Indian Nifty 0:-:00 () 0:-:00 () 0 Month Thursday (or previous ) of until : price of SP CNX Nifty on NSE MDAX 1 Index point 1 900 rd Friday (or previous ) of contact until 11: price of MDAX Hong Kong 01:5-0: 06:-0:15 () 01:5-0: 06:-0:15 () 1 Index point 0 00 Business day preceding last HK day of until 0:00 of Hang Seng on last exchange dealing day China Enterprise 01:5-0: 06:-0:15 () 01:5-0: 06:-0:15 1 Index point 0 0 Month Business day preceding. last of until 0:00 of on last exchange dealing day Brazil Index 1:00-0: 11:00-19:15 () 1:05-0: () 1 Index point 0 0 Next Month Wed closest to 15th calendar day or closest Official BMF settlement price US-$ Index 01:00-:00 01:01-:00 0.001 0 Friday preceding rd Wednesday of at last market traded price in the future before 1:00 INTEREST RATE FUTURES Quoting Euribor 01:00-1:00 01:00-1:00 Next nd Business day prior to of 11:00 Official LIFFE Eurodollar :00-:00 :00-:00 Next nd Business day prior to of 11:00 Official CME Euroswiss 07:-1:00 07:-1:00 Next nd Business day prior to of 11:00 Official LIFFE Short Sterling 07:-1:00 07:-1:00 Next of 11:00 Official LIFFE
DAILY ROLLING DAILY INDICES Quoting FTSE 0:00-1:00 0:00-1:00 (1:00-0:00)(1) 1 1(5) FTSE 0:00-1:00 0:00-1:00 (1:00-0:00)(1) 15 (5) Official Euronext. LIFFE settlement price Wall Street 1:-: 1:-: Wall Street 1:-: 1:-: at the last market traded price on e-mini future at 1:15 as recorded by Bloomberg DAX (1:00-07:00)(1) 1(6) DAX (1:00-07:00)(1) 15 (6) Official Eurex close at 16: SP 1:-: 1:-: 0. SP 1:-: 1:-: 0. at the last market traded price on e-mini future at 1:15 as recorded by Bloomberg Nasdaq 1:-: 1:-: 0 Nasdaq 1:-: 1:-: 0 at the last market traded price on e-mini future at 1:15 as recorded by Bloomberg Russ K 01:00-:00 01:00-.00 0. 1 Eurostoxx for Euro Stoxx at 16: Cac daily 1 CAC Official Euronext Paris settlement for the CAC contact at 16: AEX 0. Official Euronext settlement at 16: OMX 0:00-16:0 0:05-16:0 FTSE 0:00-16: 0:05-16:9 0 Ireland Top 0 0:00-16: 0:05-16:5 1 Please note that all our indices are priced off the front futures. We reserve the right to go to telephone trading outside of exchange hours. 1) Closed 1:15-1: + :-:00 ) + 1 hour during BST ) + hours during BST
BOND FUTURES Quoting BOBL 07:0-1:00 5 Next th calendar day or next of 09:00 Official Eurex Bund 07:0-1:00 1 Next th calendar day or next of at 09:00 Official Eurex Gilt 0:00-1:00 0:00-1:00 1 Next rd last of previous Official LIFFE Schatz 07:0-1:00 0 Next th calendar day or next of at 09:00 Official Eurex US Year :-:00 07:00-:00 6 Next the first at 0:00 at CBOT US Year :-:00 07:00-:00 75 1 Next the first at 0:00 at CBOT US 5 Year :-:00 07:00-:00 75 1 Next the first at 0:00 at CBOT
COMMODITIES Quoting Spread Spread) Gas Oil 01:00-:00 01:01 -:59 1:00 on the trading day s prior to the 1th calendar delivery at ICE Capital Spread s last trading day. Brent Crude Oil 01:00-:00 01:01-07:00 1:00-:59 per 1 0 5 () 17:00 on the trading day s before the 15th day prior to the first delivery at ICE US Crude Oil :00-07:00 1:00-:15 per 1 0 6 () Close of trading 6 business days before the 5th calendar day of prior to the at NYMEX Carbon Emissions 07:00-17:00 07:00-17:00 per 5 December only Second Friday of last quote on last trading day Natural Gas per 0.001 0 0 business the first at COMEX Heating Oil per 700 0 business at COMEX Gold of Feb, Apr, Jun, Aug, Dec business at COMEX Gold 5 bets do not have an expiry date Silver per 1 of business at COMEX US Copper per 10 0 0 of business at COMEX Platinum 900 0 of Apr, Jul, Oct, Jan business at COMEX US Corn 15:-19:15 15:-19:15 1 0 of business at CBOT
COMMODITIES (Cont.) Quoting US Oats 15:-19:15 15:-19:15 1 of s at CBOT US Wheat 15:-19:15 15:-19:15 per 1 dollar 1 of s at CBOT US Soybean 15:-19:15 15:-19:15 per 1 dollar 1 of Jan, Mar, May, Jul, Aug, Sep, Nov s at CBOT US Soybean Meal 15:-19:15 00:001:15 15:-19:15 1 of Jan, Mar, May, Jul, Aug, Sep, Oct, Dec s at CBOT US Soybean Oil 15:-19:15 15:-19:15 per 1 1 of Jan, Mar, May, Jul, Aug, Sep, Oct, Dec s at CBOT Live Cattle :00-:00 :00-:00 per 15 of Feb, April, June, Aug, Oct, Dec s at CME Lean Hogs :00-:00 :00-:00 per 1 0 15 Next of Feb, April, June, July, Aug, Oct, Dec. th or next business day at CME on Cocoa Robusta 09:-16: 09:-16: per 1 1 6 of 15 s at 1:00 at LIFFE last trading day Robusta Coffee London 09:00-17: 09:00-17: per 1 dollar 0 of Jan, Mar, May, Jul, Sep, Nov s at LIFFE Sugar 09:5-17: 09:5-17: 1 1 Next of Mar, May, Aug, Oct, Dec 0 calendar days (or previous business day if not a ) at LIFFE US Unleaded Gasoline per 0 business day of the s Nymex price on our
ROLLING DAILY CURRENCIES Quoting Spread Spread) AUD/CAD AUD/EUR AUD/JPY AUD/NZD 0 6 1 FX bets donot have an expiry datehr markets will normally open at :00 on Sunday evening and close at 1:00 on Friday night AUD/USD CHF/JPY EUR/AUD 1 EUR/CAD EUR/CHF EUR/GBP () EUR/JPY EUR/NOK 0 EUR/NZD 1 0 EUR/SEK 0 0 EUR/USD 1 EUR/ZAR 0.001 0 GBP/CAD 0 0 GBP/CHF GBP/EUR GBP/JPY 0 GBP/USD GBP/ZAR 0.001 0 70 NZD/CAD 1 NZD/CHF 1 NZD/JPY 1 NZD/USD USD/CAD USD/CHF USD/CZK 0.001 0 0 USD/DKK 0 USD/HUF 1 0 USD/JPY USD/MXN 0 USD/NOK 0 USD/PLN 0 USD/SEK 0 0 USD/SGD 0 0 1 USD/ZAR 0.001 15
QUARTERLY CURRENCIES AUD/USD CHF/JPY EUR/CHF EUR/GBP EUR/JPY EUR/USD Quoting 6 Next Qtrs Next Qtrs Next Qtrs Next Qtrs Next Qtrs Next Qtrs GBP/CAD 0 0 15 Next Qtrs GBP/EUR Next Qtrs GBP/JPY 0 0 1 Next Qtrs GBP/USD Next Qtrs USD/CAD Next Qtrs USD/CHF Next Qtrs USD/JPY Next Qtrs
INDIVIDUAL SHARES Quoting FTSE FTSE FTSE FTSE SP 0 Nasdaq German, French and Dutch Large Caps South African shares 0:00-16: 0:00-16: 0:00-16: 0:00-16: 1:-1:00 0:00-16: 07:00-15:00 () 0:01-16: 0:01-16: 0:01-16: 0:01-16: 1:1-1:00 0:01-16: 07:05-1: () penny penny penny penny cent cent cent % % % % % % % 1 % 0% 0.1% 0.1% 0. 0. 0.1% (min 1 ) 0.% 0. Next Next Equity : Close of business of the relevant market on the Tuesday before the rd Wednesday of the. trading time is mins prior to the close of business on the day of expiry which is 16:00 for UK European shares and 0: for US shares bets do not have an expiry date See Below Swedish shares 0:00-16:0 0:0-16:19 SEK 1 0.% Norwegian shares 0:00-16:0 0:01-16:19 NOK 1 0.% Danish shares 0:00-16:00 0:0-15:5 DKK 1 0.% Ireland ISEQ Shares 0:00-16: 0:05-16:5 cent 1 0. (min EUR) Small Cap AIM 0:00-16: 0:01-16: penny 1 % 0. Australia shares :00-05:00 () :00-0:55 () AUS cent % 0% 0. Indian shares 0:5-:00 () 0:5-:00 () INR % 0% 0. German Mid Caps 0:00-16: 0:01-16: cent % 0% 0.% NOTES ON INDIVIDUAL SHARES 1) The quote spread will be based on the natural market bid offer. The price is adjusted for dividends (which are not paid on spread bets), funding costs, and spread. ) On expiry of equity bets of less than a penny/cent ment and/or of less than,000 total underlying value (i.e. a bet on 1.00 share would have a value of,000), whichever is the least, the settlement price will be based on the closing bid or offer price of the plus or minus half the spread on that depending on the client position. For example, if the client has an Up Bet on expiry, the settlement price will be the bid of the share in the market at expiry time minus half the spread. If the client has a Down Bet on expiry, the settlement price will be the offer of the share in the market at expiry plus half the spread. ) On expiry of equity bets of greater than per penny/cent ment and/or of total value greater than,000, Ltd shall settle the bet at either the average bid/offer spread of the underlying share in the last hour of trading of the plus or minus the rel evant spread, or at the price achieved by Ltd in removing its hedge on the relevant bet during the course of the final of the relevant expiry date plus or minus the relevant spread, or at the normal expiry terms as stated in the above section ii)
ROLLOVER OF FUTURE CONTRACTS Rollover terms on all markets are available with. To avail yourself of any rollover concessions you must indicate to 5 minutes before the expiry of the relevant that you wish to roll. will rollover futures s as follows: Notes For equities, will expire the existing bet spread free (at just the underlying market price) and offer the subsequent quarter at half of the spread. For all other s, will expire the bet at our mid point and offer the subsequent quarter at the current quote. i) closes the existing bet on rollover of futures s and subsequently opens a new bet on the next /quarter ii) Any profits or losses incurred are realised on rollover of futures s ROLLING DAILY BETS Notes on equity and index bets i) Bets may incur a charge or income for each day that they are held overnight. If you are long of an equity or index, this equates to real market cash exposure and so interest may be charged on this cash value for each day that the position is held open overnight. If you are short of an equity or index, an interest return may be paid on these equivalent cash funds. The overnight financing can be calculated as follows: F = (p / u) x s x i b F = overnight financing p = closing price u = bet unit s = stake i = applicable interest rate (RFR + % for long bets or % for short bets) b = day basis (65) ii) The Relevant Funding Rate (RFR) is generally equivalent to the base rate of the underlying currency of the country of the market concerned. Long rolling bets on shares / indices may be debited financing (RFR plus %). Short rolling bets on shares / indices may be credited financing (RFR minus %). For example, the RFR for a short rolling daily bet on Google would be based upon the base rate (Fed Funds Rate) of the USA minus % (e.g.. - % = 1.). iii) The bet unit is the smallest ment on the relevant that equates to a profit (loss) change that is the same as your stake. iv) Dividend adjustments are credited to long positions and debited from short positions held at the close of business on the day before the ex-dividend date. If you are long, you may receive 0% of the dividend and if you are short you may be debited % of the dividend. Payment is credited / debited to your account on the ex-dividend date. Dividend adjustments may also apply to index bets. Notes on currency bets i) The Relevant Funding Rate (RFR) for Forex bets is generally equivalent to the base rate of the second currency minus the base rate of the first currency in a currency pair. For example, the first currency in the currency pair GBP/USD is sterling and the second is the US dollar. Therefore, the corresponding RFR for GBP/USD may be calculated as follows:. (USD) minus.% (GBP) = a negative interest rate of minus 1. or. ii) For currency bets, the difference between the interest rates of currencies may be a negative number. The rates used for the examples above are indicative and are not necessarily representative of correct rates. updated : August 0th 9 1/06/0