Products
Trading Rules
| Contracts |
Loco London Gold 100 oz contract (LLG) |
Loco London Gold 10 oz contract (LLGS) |
Loco London Silver 2500 oz contract (LLS) |
Loco London Silver 250 oz contract (LLSS) |
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Contract multiplier (per lot) |
100 ounces |
10 ounces |
2500 ounces |
250 ounces |
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*Spread |
Floating |
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Trading Time (Hong Kong time) |
(Daylight Time) |
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Monday 6:05 A.M. to Saturday 4:55 A.M. |
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(Winter time) |
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Monday 7:05 A.M. to Saturday 5:55 A.M. |
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Minimum deposit (per lot) |
Initial margin: 2% of the contract value |
Initial margin: 2% of the contract value |
Initial margin: 2% of the contract value |
Initial margin: 2% of the contract value |
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Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
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Lock Position Margin |
Lock position: 100% of initial margin |
Lock position: 100% of initial margin |
Lock position: 100% of initial margin |
Lock position: 100% of initial margin |
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Unlock: 75% of initial margin |
Unlock: 75% of initial margin |
Unlock: 75% of initial margin |
Unlock: 75% of initial margin |
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Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
Forced liquidation: 25% of initial margin |
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Phone Deals |
No phone deal. |
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Buy/Sell limit/Stop plate |
Only accept price limits other than 2 USD |
Only accept price limits other than 2 USD |
Only accept price limits other than 2 USD |
Only accept price limits other than 2 USD |
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Overnight interest: If there are open positions after the trading hours on Wednesday, 3 days of overnight interest will be charged. Only1 day overnight interest will be charged if there are open positions after the trading hours on Monday, Tuesday, Thursday, and Friday. |
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Note: Initial Margin is based on the closing price of previous trading date:
Initial margin = Closing price of previous trading date * Contract multiplier * Exchange rate * 2%
Example: The closing price of 25 October was 1230 USD/ounce and Exchange rate of USD/HKD was 7.8,
Initial Margin for an opening positon of 1 lot LLG on 26 October was 1230 * 100 * 7.8 * 2% = 19188HKD.