Foreign exchange (FX) futures (OTC) are offering investors as well as risk managers opportunities to get benefits from market fluctuation .AFB customer's benefit from dealing anonymously in a fully transparent market, where large and small customers have equal access to the same prices and same liquidity with a very low margin requirement and superb trading conditions.

AFB offers 6 FX Futures (OTC) that covers major currency pairs and attracts both buys and sell investors including hedge funds, financial institutions and individual investors.

Benefits of trading FX Futures (OTC):

• Market Spread (very tight spreads).
• Low commissions fees.
• Open, fair and anonymous currency trading.
• Low margin requirements.
• Very fast and liquid market.

Specification:

Product	Contract Size	Spread	Stop - Limit Orders	Minimum Fluctuation	Margin	Expiration Dates	Months Traded	Trading Hours (GMT)
EC	125,000 EUR	Market spread	5  Pip	0.0001 = 12.5 USD	1000 USD	Mar-16/03 Jun-15/06 Sep-14/09 Dec-14/12	March June September December	Open Sun 22:00 Monday - Friday: 00:00-21:00 Reopen 22:00 - 24:00 Close Fri 20:30
EURO
BP	62,500 GBP	Market spread	5  Pip	0.0001 = 6.25 USD	1000 USD
British Pound
SF	125,000 CHF	Market spread	5  Pip	0.0001 = 12.5 USD	1000 USD
Swiss Franc
JY	125,000 YEN	Market spread	5  Pip	0.0001 = 12.5 USD	1000 USD
Japanese Yen
AD	100,000 AUD	Market spread	5  Pip	0.0001 = 10 USD	1000 USD
Australian Dollar
CD	100,000 CAD	Market spread	5  Pip	0.0001 = 10 USD	1000 USD
Canadian Dollar

Examples:

A client believes that the EURO Future Contract is due to rise in the future against US dollar, to get benefit of the situation the client intends to buy EURO Future Contract.

EURO is quoted at 1.3580 – 1.3581, the client buys 8 lots at 1.3581, the client requires minimum deposit of 1000 $ for each lot.

EURO prices rise to 1.3625 – 1.3626, the client is satisfied with his profit and wants to close his positions, he therefore sells 8 lots of EURO Future at 1.3625, so the client has made profit of 44 points (1.3625 - 1.3581 = 0.0044) . To calculate the profit we will do the following:

1. (Close price - open price) – (1.3625 - 1.3581 = 44 points)
2. (points * pip value * number of lots) - (44 * 12.5 * 8 = 4400 US$)
3. So the gross profit for the previous transaction is 4400 $.

*Commission charges are NOT included in the above calculations.

 

 

** Above contract specifications listed according to daylight saving time (DST – ON / Summer time)

 

Download Contract Specifications – All Instruments (DST – Daylight Saving Time / Summer) HERE

Download Contract Specifications – All Instruments (Standard Time / Winter) HERE



** Regular Trading hours may be affected by market holidays or amendments when applying daylight saving time in Europe or the USA; Announcements on the website and/or the live trading platform will be published to declare such changes.

** All times and specifications above are subject of change without any prior notice