HYCM, Rollover on Cryptocurrency product will be unavailable from December 29th
Cryptocurrency Trading Terms are changing.
As of Friday, 29th December, HYCM’s new weekly CFD contracts on Cryptocurrency CFD’s will be replacing all current rolling spot CFD contracts on Cryptocurrencies.
All open positions in BTC/USD, LTC/USD and ETH/USD must be closed before MOC on 29/12/2017. Any remaining open positions will be closed by HYCM by MOC price and any open pending limit or stop orders will be cancelled.
Automatic rollover of any open positions to new contracts is not available.
| Standard Cryptocurrency contracts under normal Market conditions | |
|---|---|
| BITCOIN | |
| Contract Name &Symbol |
BTC/USD BTCUSDw01
|
| Contract Term |
weekly expiry
|
| First Trading Day |
the 1st Friday of the week
|
| Expiry |
the Following Friday’s MOC – Last Quoted Price
|
| Contract Size |
10 BTC
|
| Min. Fluctuation / standard contract |
0.01 or 0.10 USD
|
| Standard Spread |
Approx. 1%
|
| Price Quote |
USD
|
| Trading Hours (GMT) |
23:01 – 21:00 (Sun-Fri) Winter Time
|
| Long Positions (Overnight) |
-50%
|
| Short Positions (Overnight) |
-25%
|
| Margin Requirement |
25%
|
| Minimum Distance for Pending Orders |
2 x the spread
|
| LITECOIN | |
| Contract Name &Symbol |
LTC/USD LTCUSDw01 (week 1)
|
| Contract Term |
weekly expiry
|
| First Trading Day |
the 1st Friday of the week
|
| Expiry |
the Following Friday’s MOC – Last Quoted Price
|
| Contract Size |
100 LTC
|
| Min. Fluctuation / standard contract |
0.01 or 0.10 USD
|
| Standard Spread |
Approx. 1%
|
| Price Quote |
USD
|
| Trading Hours (GMT) |
23:01 – 21:00 (Sun-Fri) Winter Time
|
| Long Positions (Overnight) |
-20%
|
| Short Positions (Overnight) |
-20%
|
| Margin Requirement |
25%
|
| Minimum Distance for Pending Orders |
2 x the spread
|
| ETHEREUM | |
| Contract Name &Symbol |
ETH/USD ETHUSDw01 (week 1)
|
| Contract Term |
weekly expiry
|
| First Trading Day |
the 1st Friday of the week
|
| Expiry |
the Following Friday’s MOC – Last Quoted Price
|
| Contract Size |
10 ETH
|
| Min. Fluctuation / standard contract |
0.01 or 0.10 USD
|
| Standard Spread |
Approx. 1%
|
| Price Quote |
USD
|
| Trading Hours (GMT) |
23:01 – 21:00 (Sun-Fri) Winter Time
|
| Long Positions (Overnight) |
-20%
|
| Short Positions (Overnight) |
-20%
|
| Margin Requirement |
25%
|
| Minimum Distance for Pending Orders |
2 x the spread
|
