Platinum
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The Trade is opened when CFD’s on Platinum Futures are quoted at:
1275.50 (Selling Price) - 1281.50 (Buying Price)
You think the price is due to
FALL
Sell 1 contract
(50 Troy OZS - $5 per tick)
@ 1275.50
You think the price is due to
RISE
Buy 1 contract
(50 Troy OZS - $5 per tick)
@ 1281.50
50 Troy OZS = $5.00 per 0.10 movement in price (0.1 = 1tick)
The Trade is opened when CFD’s on Platinum Futures are quoted at:
1320.60 (Selling Price) - 1326.60 (Buying Price)
Buy 1 contract
(50 Troy OZS - $5 per tick)
@ 1326.60
Sell 1 contract
(50 Troy OZS - $5 per tick)
@ 1320.60
P/L Calculations
Selling Price: 1275.50
Buying Price: 1326.60
Difference:
(1275.50 – 1326.60) = -51.1
The P/L can be calculated be either
using the contract size or the tick value
Trade Size:50 Troy OZS
-51.1 * 50 = -$2,960 Loss
1 Tick (0.1) = $5
-51.1 * 50 = -$2,960 Loss
Buying Price: 888.50
Selling Price: 902.30
Difference:
(902.30 – 888.50) = 13.80
The P/L can be calculated be either
using the contract size or the tick value
Trade Size:50 Troy OZS
39.1* 50 = $1,955 Profit
1 Tick (0.1) = $5
391 * $5 = $1,955 Profit
Trading Hours
PRODUCT NAME
SYMBOL
TRADING HOURS
(GMT)
DAILY TRADING BREAKS
(GMT)
SPOT GOLD
SPT_GLD
22:01 - 20:00(Sun-Fri)
21:15 - 22:01
SPOT SILVER
SPT_SVR
22:01 - 20:00(Sun-Fri)
21:15 - 22:01
HIGH GRADE COPPER FUTURES
HG
07:01 - 17:00 Daily
PALLADIUM FUTURES
PA
12:31 - 17:00 Daily
PLATINUM FUTURES
PL
12:21 - 17:05 Daily
Platinum is an extremely rare metal. Jewelry creates the largest demand for platinum. It is also used as anindustrial material. Prices can be volatile because of its relatively low production, and concentration among a few suppliers. For this reason, it is often considered attractive to investors.
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