Futures

The Financial Market is becoming more globalized and diversified. Traditional Stock Market can no longer fulfill a large proportion of investors needs. Thus, derivative products over various exchanges are growing vigorously these years. As many investors in Hong Kong are not familiar with the mechanism and risk of trading derivative products, they refuse to undergo trading derivative products. In fact, trading Foreign Futures Products is not that complicated. If you manage your risk control, trading Foreign Futures Products is even more flexible than investing in stock.

To provide better investment opportunities, Foreign Futures Department of Phillip Commodities (HK) Ltd. offers clients with 24-hour trading services and an advanced online trading platform.

Classification of foreign futures

Products provided by Phillip's foreign futures
  • INDEX
  • CURRENCY
  • METAL
  • RATE & INTERESTS
  • ENERGY
  • AGRICULTURAL

Main global exchange

United States
  • CME (Chicago Mercantile Exchange)
  • CBOT (Chicago Board of Trade)
  • NYMEX (New York Mercantile Exchange)
  • NYBOT (New York Board of Trade)
  • COMEX (Commodities Exchange)
 Europe
  • EUREX (Europe's Global Financial Marketplace)
  • LIFFE (London International Financial Futures and Options Exchange)
  • EURONEXT (European Stock Exchange)
  • IPE (International Petroleum Exchange)
 Asia & Australia
  • SIMEX (Singapore Exchange)
  • OSE (Osaka Securities Exchange)
  • TOCOM (Tokyo Commodity Exchange)
  • KSE (Korea Exchange)
  • SFE (Australian Securities Exchange)
  • TSE (Tokyo Stock Exchange)
Foreign Futures Contract Specification Print  BLOCK trade negotiable
Exch. Name I.Margin M.Margin Commission (Online) Commission Trading Hours
(HK Time)
Day Trade Overnight Trade Day Trade Overnight Trade
COMEX GOLD USD 13915 USD 12650 USD 7 USD 10 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX E-Micro Gold (10oz) USD 1392 USD 1265 USD 1.8 USD 3 USD 10 USD 10 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX E-Mini Silver (2500oz) USD 9075 USD 8250 USD *4/8 USD *5/10 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX E-Mini Gold (50oz) USD 6958 USD 6325 USD *3/6 USD *4/8 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX E-Micro Silver (1000oz) USD 3630 USD 3300 USD 4 USD 5 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX HIGH GRADE COPPER USD 5544 USD 5040 USD 8 USD 12 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
COMEX SILVER USD 18150 USD 16500 USD *4/8 USD *6/12 USD 20 USD 22 E-Session: (Mon-Fri) 0600 am -0500 am, with a 60-minute break each day beginning at 5:00 a.m.
LME-Related Aluminium USD 5100 USD 4250 0.04% 0.04% 0.0625% 0.0625% E-session: 0900 - Next day 0300
LME-Related Copper USD 15030 USD 12525 0.02% 0.02% 0.0625% 0.0625% E-session: 0900 - Next day 0300
LME-Related Nickel USD 9756 USD 8130 0.04% 0.04% 0.0625% 0.0625% E-session: 0900 - Next day 0300
LME-Related Lead USD 5700 USD 4750 0.04% 0.04% 0.1250% 0.1250% E-session: 0900 - Next day 0300
LME-Related Tin USD 9882 USD 8235 0.02% 0.02% 0.1250% 0.1250% E-session: 0900 - Next day 0300
LME-Related Zinc USD 6510 USD 5425 0.04% 0.04% 0.0625% 0.0625% E-session: 0900 - Next day 0300
NYMEX PALLADIUM USD 55440 USD 50400 USD 8 USD 12 USD 20 USD 22 E-Session: 0600-0515 (Mon-Fri) ; Open outcry: 2030-0100
NYMEX PLATINUM USD 7392 USD 6720 USD *4/8 USD *6/12 USD 20 USD 22 E-Session: (Mon - Fri) 06:00 am - 05:00 am , with a 60-minute break each day beginning at 5:00 a.m.
TOCOM PALLADIUM JPY 549000 JPY 499091 YEN 1800 YEN 1950 YEN 2000 YEN 2200 E-Session: 0745 – 1415 ; 1530 – 0430
TOCOM PLATINUM JPY 136800 JPY 124364 YEN 1800 YEN 1950 YEN 2000 YEN 2200 E-Session: 0745 – 1415 ; 1530 – 0430
* The special commission rate are for new clients with double margin requirement. For more detail, please visit http://www.poems.com.hk/en-us/product-and-service/foreign-futures/promotion/double-margin-offer/
CME Group Market Data Subscription Service Fee
Non-Professional Subscribers
China, Hong Kong, Taiwan Clients Service Fee Free
Oversea Clients Service Fee USD 15 per month (The cut-off day is the first trade day of each calendar month)
Professional Subscribers
  Service Fee USD 170 per month (The cut-off day is the first trade day of each calendar month)
Note:
  1. Part of the foreign futures/options products can only be placed by calling our dealing desk during open outcry session.
  2. All margin requirements are subjected to change. Please call the dealing desk for the most updated margin requirement.
  3. "CBOT 100oz. Gold, Mini-sized Gold, 5000oz. Silver, Mini-sized Silver" are now trading in NYSE LIFFE(NYL) Exchange.
  4. The above trading hours are in summer time of the related market, client should be aware of the Note 5 about the date of winter-time & the trading hours will be postponed by 1 hour.
  5. Please note the winter time of European Union and United States Markets will start on 1 November 2010 and 7 November 2010 respectively; and the market will open and close one hour later during the winter-time period. The daily statement sent by email will also be postponed by one hour to around 11am from 1 November 2010. But the time for platform (Poems/FATS) updates will be remain the same – i.e. to be around 8:30am. If there is any discrepancy between the information on the daily statement and the platform, the daily statement shall prevail. For further enquiry, please call foreign futures department at (852) 2277 6677.
  6. Account without any trading within 6 months, half-year admin fee HK$60 will be charged in Jun. and Dec.
  7. Please be aware that stop order may be cancelled by exchange due to the following reasons ever the stop price is triggered. One of the reason is that the market price beyond the price limit when the stop price is triggered. We will inform you once this situation happens as soon as possible.
  8. Position transfer inbound and outbound subject to standard commission and extra charges,besides, not all position are transferrable, please call us at (852) 2277 6677 for details.
  9. If client account contains insufficient trading currency or deficit in any currency due to trading loss, this negative balance will be charged with interest.The interest rate is SCB Hong Kong Dollar Prime Rate.
  10. There is interest rate charges if client account contain positive balances of Euro(EUR) and Japanese Yen(JPY). The interest rate is negative 0.75%.
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Please contact your account executive or call us now.
Foreign Futures
Tel : (852) 2277 6677 (24Hr)
Email : futures@phillip.com.hk

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