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)
Exch. Name I.Margin M.Margin Commission (Online) Commission Trading Hours
(HK Time)
Day Trade Overnight Trade Day Trade Overnight Trade
CBOT US 2-YEAR NOTE USD 1408 USD 1280 USD *5/10 USD *5/10 USD15 USD15 E-Session: (Mon-Fri) 0600 - Next Day 0500
CBOT US T-NOTES 10 YR USD 2860 USD 2600 USD *4/8 USD *6/12 USD 20 USD 22 E-Session: (Mon-Fri) 0600 - Next Day 0500
CBOT TREASURY BONDS USD 5280 USD 4800 USD *4/8 USD *6/12 USD 20 USD 22 E-Session: (Mon-Fri) 0600 - Next Day 0500
CME EURODOLLARS USD 726 USD 660 USD 10 USD 10 USD 15 USD 15 E-Session: (Monday – Friday) 6:00 am – 5:00 am (Next day)
EUREX EURO SCHATZ EUR 253 EUR 230 EUR 10 EUR 10 EUR 10 EUR 10 E-Session: (Mon-Fri) 0815 - Next Day 0400 (Market Close on 0500 during winter time)
LIFFE LIFFE 3 MTH EURIBOR EUR 556 EUR 505 EUR 10 EUR 10 EUR 10 EUR 10 E-Session: 1600 - Next day 0400
SFE 30 Day Interbank Cash Rate Fut AUD 310 AUD 282 USD 10 USD 10 USD 10 USD 10 E-Session: :0534 –1330; 1414 – 0400 (Mon–Fri)
SIMEX(SGXQ) MINI JAPANESE GOVERNMENT BOND JPY 107800 JPY 98000 YEN 1100 YEN 1250 YEN 1100 YEN 1250 E-Session: 0745-1715, T+1: 18:30 - Next day 0100
TSE JAPANESE GOVERNMENT BOND JPY 855000 JPY 777273 YEN3000 YEN3500 YEN3000 YEN3500 E-Session: 0745 – 1000, 1130 - 1400, 1430 – 2225
* 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.

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Foreign Futures
Tel : (852) 2277 6677 (24Hr)
Email : futures@phillip.com.hk

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