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    MTCOOK ECN CFD Specifications 11 1 2017

    Uploaded by

    Suvarna Dhamnaskar
    This document provides specifications for CFD trading instruments offered by Mt.Cook Financial including trading hours, rollover/swap fees, instrument specifications, and margin requirements. It details the key parameters for each instrument including currency, point value, tick value, contract size, minimum lot size, and trading hours. Margin requirements and maximum trade sizes are also specified.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    MTCOOK ECN CFD Specifications 11 1 2017

    Uploaded by

    Suvarna Dhamnaskar
    28 views3 pages
    This document provides specifications for CFD trading instruments offered by Mt.Cook Financial including trading hours, rollover/swap fees, instrument specifications, and margin requirements. It details the key parameters for each instrument including currency, point value, tick value, contract size, minimum lot size, and trading hours. Margin requirements and maximum trade sizes are also specified.

    Original Description:

    CFD SPECIFICATION

    Original Title

    MTCOOK-ECN-CFD-Specifications-11-1-2017

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    This document provides specifications for CFD trading instruments offered by Mt.Cook Financial including trading hours, rollover/swap fees, instrument specifications, and margin requirements. It details the key parameters for each instrument including currency, point value, tick value, contract size, minimum lot size, and trading hours. Margin requirements and maximum trade sizes are also specified.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views3 pages

    MTCOOK ECN CFD Specifications 11 1 2017

    Uploaded by

    Suvarna Dhamnaskar
    This document provides specifications for CFD trading instruments offered by Mt.Cook Financial including trading hours, rollover/swap fees, instrument specifications, and margin requirements. It details the key parameters for each instrument including currency, point value, tick value, contract size, minimum lot size, and trading hours. Margin requirements and maximum trade sizes are also specified.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    ECN - CFD PRODUCT

    SPECIFICATIONS

    INTRODUCTION

    This product specification sheet will serve as a guide to portray the ECN CFD instruments offered by
    Mt.Cook Financial to users of these instruments. This data sheet pertains to Mt.Cook Financial’s ECN
    trading stream. It will provide the necessary information related to configuration and trading typically
    found via both MT4 and FIX API.

    Please be advised that despite the best effort to guarantee the accuracy of this document, the
    information contained herein is subject to change and may be changed or updated without prior notice.
    If you observe any discrepancies, please contact us directly at [email protected].

    CFD TRADING HOURS

    MT.COOK’s ECN CFD trading hours are often different from Spot FX hours, and are typically based on
    when their underlying reference markets are open. As such, CFD products may not be open for trading
    during holidays in which their reference markets are closed. Additionally, many CFDs have an intra-day
    break in addition to a daily closing. During these times you may not be able to place stop and limit
    orders, close existing positions or open new ones. All trading capabilities may cease during intra-day
    breaks, after the daily closing and upon the end of week closing.

    PLEASE TAKE NOTE OF THE FOLLOWING:

    • When daylight savings occur (DST Time Change), trading hours may be affected, meaning the
    hours written in this document may be void until we update the specification with the updated
    and appropriate hours. Mt.Cook typically sends out notifications before it takes place so please
    kindly plan for this accordingly.

    ROLLOVER/SWAPS FEES

    Rollover/swaps fees are charged for positions opened before 5 pm EST and held until after this time. The
    value of rollover fees is the combination of cost of carry and dividend of the underlying CFDs (if
    applicable). Positions that remain open on Friday at 5 pm EST will get charged 3-day rollover fees so the
    positions can get rolled through the weekend until the following week.

    © Mt.Cook Financial 2017 – ECN CFD Specifications | www.mtcookfinancial.com | Page 1 of 3


    ECN - CFD PRODUCT
    SPECIFICATIONS
    Cost of carry is typically calculated based on 3 months LIBOR rates for the corresponding native currency
    of the CFD. For instance, since FR40 is quoted in EUR, European LIBOR will be used as the basis of FR40
    cost of carry.

    Currently, it is not possible to separate the dividend as part of the rollover fees. If a component
    company of an index pays dividend, your long positions are paid that dividend while your short positions
    are charged. Dividend is typically 10-100 times the size of typical daily cost of carry.

    INSTRUMENT SPECIFICATIONS

    SYMBOL NAME CURRENCY POINT TICK CONTRACT MT4 MIN OPEN CLOSE
    VALUE VALUE SIZE : MT4 LOT SIZE
    LOT SIZE

    DAX/EUR German EUR € 10 €1 10:01.0 0.1 02:00 ET 14:00 ET


    y 30
    Index
    STX/EUR EU EUR € 10 €1 10:01.0 0.1 02:00 ET 16:00 ET
    Stocks
    50 Index
    FTS/GBP UK 100 GBP £10 £1 10:01.0 0.1 02:00 ET 16:00 ET
    Index
    DOW/USD US Wall USD $10 N/A 10:01.0 0.1 06:05 ET 17:00 ET
    Street
    30 index (Friday
    16:00)
    SPX/USD US SPX USD $10 $1 10:01.0 0.1 06:05 ET 17:00 ET
    500
    Index (Friday
    16:00)
    NDX/USD US Tech USD $10 $0.10 10:01.0 0.1 06:05 ET 17:00 ET
    100
    Index (Friday
    16:00)
    XTI/USD WTI USD $100 $1 40:01.0 0.1 06:05 ET 17:00 ET
    Crude Oil
    (Friday
    16:00)
    XBR/USD Brent USD $100 $1 40:01.0 0.1 06:05 ET 17:00 ET
    Crude Oil
    (Friday
    16:00)
    JAP/USD Japan USD $10 N/A 10:01.0 0.1 20:05 ET 02:10 ET
    225
    03:35 ET 12:00 ET

    © Mt.Cook Financial 2017 – ECN CFD Specifications | www.mtcookfinancial.com | Page 2 of 3


    ECN - CFD PRODUCT
    SPECIFICATIONS
    Index
    Cash
    AUS/USD Australia USD $10 N/A 10:01.0 0.1 19:05 ET 01:30 ET
    200
    Index 02:15 ET 16:00 ET

    MARGIN REQUIREMENT AND TRADE SIZE

    Please be advised that margin requirements may change with/without notice during extreme market
    volatility or at the general discretion of Mt.Cook’s board of directors and advisors.

    FIX/MT.COOK Margin Trade Size Max Lot Size


    MT4 Security Requirement
    CFD Indices 1% Standard Lot 30
    Energies 1% Standard Lot 100

    © Mt.Cook Financial 2017 – ECN CFD Specifications | www.mtcookfinancial.com | Page 3 of 3

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