Market Information
LCG offer a variety of financial markets which include Commodities
(WTI Crude oil, Brent Crude oil, Gasoil, Gold, Silver, Coffee, Cocoa and Sugar), Currencies and Indices. See below for further
information on each market.
We offer quotes on a range of commodity markets including energy markets,
for example, Gold and Silver, and soft commodities such as Coffee, Cocoa and Sugar. Each of our quotes reflects the real
underlying future contracts allowing you to take the view that a commodity, oil or metal is overvalued or undervalued.
Trading commodities can be exciting, but at the same time risky due to their nature. Whilst the majority of these markets
are electronically traded, the majority have different trading hours from each other and are priced slightly differently.
| Energy Markets |
| Brent Crude Oil Futures |
07:15 - 21:00 (Mon - Fri) |
1,000 Barrels |
0.1 lot |
$0.05 |
100:1 |
2nd Wed |
Rollover |
| WTI Crude Oil Futures |
23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) |
1,000 Barrels |
0.1 lot |
$0.05 |
100:1 |
2nd Wed |
Rollover |
| Gasoil Future |
07:15 - 21:00 (Mon - Fri) |
100 Metric Tonnes |
0.1 lot |
$1.00 |
100:1 |
2nd Wed |
Rollover |
| Metals |
| Gold Spot |
23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) |
100 Troy oz |
0.1 lot |
$0.50 |
100:1 |
N/A |
N/A |
| Silver Future |
23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) |
5,000 Troy oz |
0.1 lot |
$0.04 |
50:1 |
2nd Wed Feb, May, Aug, Nov |
Rollover |
| Softs |
| Coffee |
08:45 - 18:50 (Mon - Fri) |
37,500 lb |
0.1 lot |
0.5 cents |
100:1 |
2nd Wed |
Rollover |
| Cocoa |
09:15 - 18:50 (Mon - Fri) |
10 metric tonnes |
0.1 lot |
$9 |
100:1 |
2nd Wed |
Rollover |
| Sugar |
08:45 - 18:50 (Mon - Fri) |
112,000 lb |
0.1 lot |
0.09 cents |
100:1 |
2nd Wed |
Rollover |
The spot currency market, also known as Forex or FX, is different to other financial markets in that it is not traded on a formal exchange. Volumes traded in the currency markets are vast totalling some $2 trillion every day and as a result FX makes up the largest and the most liquid markets in the world.
Not only are participants in the FX markets governments and banks, but they are individual companies and even retail investors all of whom are using price fluctuations to profit from movements in exchange rates or to hedge themselves against exposure to other currencies. The Forex markets are open 24 hours a day and we quote the major FX pairs overnight allowing you to trade outside of our core opening hours.
| AUD/JPY |
22:05 - 21:00 (Sun - Fri) |
AUD 100,000 |
0.1 lot |
4 |
300:1 |
N/A |
N/A as spot trades do not have an expiry date |
| AUD/USD |
22:05 - 21:00 (Sun - Fri) |
AUD 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| EUR/CHF |
22:05 - 21:00 (Sun - Fri) |
EUR 100,000 |
0.1 lot |
4 |
300:1 |
N/A |
| EUR/GBP |
22:05 - 21:00 (Sun - Fri) |
EUR 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| EUR/JPY |
22:05 - 21:00 (Sun - Fri) |
EUR 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| EUR/USD |
22:05 - 21:00 (Sun - Fri) |
EUR 100,000 |
0.1 lot |
2 |
300:1 |
N/A |
| GBP/CHF |
22:05 - 21:00 (Sun - Fri) |
GBP 100,000 |
0.1 lot |
6 |
300:1 |
N/A |
| GBP/JPY |
22:05 - 21:00 (Sun - Fri) |
GBP 100,000 |
0.1 lot |
6 |
300:1 |
N/A |
| GBP/USD |
22:05 - 21:00 (Sun - Fri) |
GBP 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| USD/CAD |
22:05 - 21:00 (Sun - Fri) |
USD 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| USD/CHF |
22:05 - 21:00 (Sun - Fri) |
USD 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| USD/JPY |
22:05 - 21:00 (Sun - Fri) |
USD 100,000 |
0.1 lot |
3 |
300:1 |
N/A |
| USD/NOK |
22:05 - 21:00 (Sun - Fri) |
USD 100,000 |
0.1 lot |
50 |
300:1 |
N/A |
An index is the value of a particular market that is made up of a certain number of stock prices. The value is expressed as a price that has changed from a base value allowing investors to perceive how a particular stock market has performed. Indices measure and represent a value of a basket of shares and for the majority of the world's major indices there are future prices as well as the specific cash price.
| FTSE 100 Cash |
08:00 - 21:00 (Mon - Fri) |
GBP 10 per full point |
0.1 lot |
4 |
40:1 |
N/A |
N/A |
| DAX 30 Cash |
07:00 - 21:00 (Mon - Fri) |
EUR 10 per full point |
0.1 lot |
4 |
40:1 |
N/A |
N/A |
| Wall St Cash |
23:05 - 24:00 (Sun) & 00:00 - 21:00 (Mon - Fri) |
USD 10 per full point |
0.1 lot |
4 |
40:1 |
N/A |
N/A |
| S&P 500 Cash |
23:05 - 24:00 (Sun) & 00:00 - 21:00 (Mon - Fri) |
USD 100 per full point |
0.1 lot |
0.4 |
40:1 |
N/A |
N/A |
| CAC 40 Cash |
07:00 - 21:00 (Mon -Fri) |
EUR 10 per full point |
0.1 lot |
4 |
40:1 |
N/A |
N/A |
| Nikkei 225 Cash |
01:00 - 21:00 (Mon - Fri) |
USD 1 per full point |
0.1 lot |
40 |
40:1 |
N/A |
N/A |
| Nov |
2011 |
14/10/11 |
$97.12 |
| Dec |
2011 |
11/11/11 |
$97.57 |
| Jan |
2012 |
16/12/11 |
$97.44 |
| Feb |
2012 |
14/01/12 |
$97.49 |
| Mar |
2012 |
16/02/12 |
$97.56 |
| Apr |
2012 |
15/03/12 |
$97.58 |
| May |
2012 |
14/04/12 |
$97.57 |
| Jun |
2012 |
16/05/12 |
$97.57 |
| Jul |
2012 |
15/06/12 |
$97.57 |
| Aug |
2012 |
14/07/12 |
$97.57 |
We roll the Brent, WTI, Gasoil, Nikkei and CAC contracts on the second Wednesday of each month (Nikkei will roll the second Wednesday of every third month). We roll all three contracts at the same time because some traders will trade one contract against another.
Using the example above, when Brent Crude for February 2011 expires, the March price becomes our new contract price and in this case decreases by $0.55. This is obviously not a price fall in oil but just a move to a new reference price and therefore no profit or loss will be incurred as a result.
In order to make sure this does not cost, a cash adjustment needs to be made and will show on the 'Swap' column on your 'Trade' and 'Account History' tabs.
Please find two examples below:
Example 1
Long position of 1000 barrels @ $98.12
Cash adjustment of +$550 is made on account
Equity on open position decreases by $550.
Net financial effect is zero.
Example 2
Short position of 2000 barrels @ $98.12
Cash adjustment of -$1,100 is made on account
Equity on open position increases by $1,100.
Net financial effect is zero.