Products

OTC Energy Futures

When talking about Over The Counter (OTC) Energy Futures these are different to spot prices. We are talking about a contract which is a legally binding agreement to buy or sell energy futures in the future at an agreed price at a set time period. Futures contracts have standard characteristics in terms of quantity, quality, time and delivery.

Trading with future contracts provides you as a customer with a risk management tool to protect the price of your purchase or sale. It also offers the option to get involved in the precious metals market without having a position in the physical energy markets.

OTC Light Sweet Crude Oil Future

Often traders who trade oil products find WTI (West Texas Intermediate) one of the most popular. WTI crude oil is a US domestic crude oil based on the Nymex's Light Sweet Crude contract. It has a lower sulphur content than Brent making it a slightly better quality fuel.

Crude oil is quoted in $/¢ per barrel with a standard contract size of 1000 barrels per one standard lot. The minimum price movement for WTI crude oil is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per one standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Professional crude oil traders often trade one of the oil products against another to take advantage of their ever changing price relationship. This is known as the 'Crack' when taking a position in Gasoil with an opposite position in one of the Crude contracts. It is known as the 'Arb' when taking a position in the Brent with an opposite position in the WTI contract.

OTC Brent Crude Oil Future

Brent Crude oil is also popular with individuals who trade oil products. It is the benchmark for Europe and OPEC pricing. The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars. E.g. 78.45 – 78.46 = $0.01 therefore (0.01 USD * 1000 = $10).

Our Brent Contract is a CFD. It is based on an Exchange Futures Contract that will expire. A crude oil trading position held with FS Insights Pro will expire as per the dates below and will NOT be rolled into the next month.

OTC E-Mini Natural Gas Henry Hub Future

An OTC E-Mini Natural Gas Henry Hub Future contract is a contract between a buyer and a seller that offers opportunities for risk management of the highly volatile pricing of natural gas. Energy prices can often be subject to dramatic price movements so setting stop-losses and take-profits on the MetaTrader 4 is very important.

The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Contract Specifications

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price FS Insights Pro Typical spread
@CL OTC Light Sweet Crude Oil Future 1,000 Barrels 10% 0.01 $10.0 15 Cents  2
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
JAN-19 @CL_F9 8-Nov-18 14-Dec-18
FEB-19 @CL_G9 7-Dec-18 18-Jan-19
MAR-19 @CL_H9 11-Jan-19 18-Feb-19
APR-19 @CL_J9 11-Feb-19 18-Mar-19
MAY-19 @CL_K9 11-Mar-19 19-Apr-19
JUN-19 @CL_M9 12-Apr-19 17-May-19
JUL-19 @CL_N9 10-May-19 18-Jun-19
AUG-19 @CL_Q9 11-Jun-19 19-Jul-19
SEP-19 @CL_U9 12-Jul-19 16-Aug-19
OCT-19 @CL_V9 9-Aug-19 18-Sep-19
NOV-19 @CL_X9 11-Sep-19 18-Oct-19
DEC-19 @CL_Z9 11-Oct-19 18-Nov-19

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price FS Insights Pro Typical spread
@NG OTC E-Mini Natural Gas Henry Hub Future 10,000 mbtu 10% 0.001 $10.0 50 Cents 2
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
JAN-19 @NG_F9 19-Nov-18 21-Dec-18
FEB-19 @NG_G9 14-Dec-18 28-Jan-19
MAR-19 @NG_H9 21-Jan-19 25-Feb-19
APR-19 @NG_J9 18-Feb-19 26-Mar-19
MAY-19 @NG_K9 19-Mar-19 25-Apr-19
JUN-19 @NG_M9 18-Apr-19 28-May-19
JUL-19 @NG_N9 21-May-19 25-Jun-19
AUG-19 @NG_Q9 18-Jun-19 26-Jul-19
SEP-19 @NG_U9 19-Jul-19 27-Aug-19
OCT-19 @NG_V9 20-Aug-19 25-Sep-19
NOV-19 @NG_X9 18-Sep-19 28-Oct-19
DEC-19 @NG_Z9 21-Oct-19 25-Nov-19

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price FS Insights Pro Typical spread
@BR OTC Brent Crude Future 1,000 Barrels 10% 0.01 $10.0 15 Cents 2
               
Day Open Close          
Mon 01:01 21:59          
Tue 01:01 21:59          
Wed 01:01 21:59          
Thu 01:01 21:59          
Fri 01:01 21:59          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
JAN-19 @BR_F9 22-Oct-18 29-Nov-18
FEB-19 @BR_G8 22-Nov-18 26-Dec-18
MAR-19 @BR_H9 19-Dec-18 30-Jan-19
APR-19 @BR_J9 23-Jan-19 26-Feb-19
MAY-19 @BR_K9 19-Feb-19 27-Mar-19
JUN-19 @BR_M9 20-Mar-19 26-Apr-19
JUL-19 @BR_N9 19-Apr-19 29-May-19
AUG-19 @BR_Q9 22-May-19 26-Jun-19
SEP-19 @BR_U9 19-Jun-19 29-Jul-19
OCT-19 @BR_V9 26-Jul-19 28-Aug-19
NOV-19 @BR_X9 21-Aug-19 27-Sep-19
DEC-19 @BR_Z9 20-Sep-19 29-Oct-19

i. All above instruments are on market execution
ii. All times are based on FS Insights Pro Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products

Swap Policy

FS Insights Pro offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

FS Insights Pro reserves the right to discontinue an Islamic/SWAP-free account without warning. FS Insights Pro will invoke this right in case of suspicion of abuse, in which case FS Insights Pro may, at its sole discretion, decide to close all open positions in the account and deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the Client to be exempted from SWAP.

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