FX
GBP/USD Perpetual Futures
Foreign Exchange (FX), the largest and most liquid market in the world, is the foundation of global trade, capital flows, and cross-border investment. FX markets are influenced by interest rate differentials, central bank policies, geopolitical developments, and economic conditions, making them highly responsive to shifts in the global economy.
APEX FX Perpetual Futures Contracts provide expiry-free exposure to the FX market, offering flexibility and efficiency in managing currency risks. They serve as a tool for trading, hedging, and portfolio diversification in this essential global market.
| APEX GBP/USD Perpetual Futures Contract Specifications | |
|---|---|
| Currency Pair |
GBP/USD The currency stated first in the currency pair is the base currency; |
| Contract Code | GBPP |
| Contract Size | GBP 10,000 |
| Quote Currency | USD |
| Minimum Price Fluctuation | US $0.0001 |
| Tick Value | US $1 |
| Contract Series | Perpetual Contract |
| Trading Day |
Monday to Friday, including Singapore public holidays, except for Good Friday, Christmas Day, and New Year’s Day. In the event that Christmas Day or New Year’s Day falls on a Sunday, the immediately following Monday shall not be a trading day. |
| Trading Hours | T Session: 6:55hr – 6:59hr (Pre-opening Session) 6:59hr – 7:00hr (Opening Match Session) 7:00hr – 18:00hr (Day Session) T+1 Session:
T stands for a given Trading Day. The end of the Day Session is the end of T. |
| Last Trading Day | Not applicable as there is no maturity date. |
| Daily Price Limit | +/-10% of previous Trading Day’s Daily Settlement Price. |
| Daily Settlement Price | The Daily Settlement Price shall be the mid-rate of the Bloomberg BFIX Foreign Exchange Spot Rate for GBP/USD as published at 18:00 SGT, rounded to 4 decimal places. |
| Final Settlement Price | Not applicable as there is no maturity date. |
| Settlement Method | Cash settlement in USD against the Daily Settlement Price |
| Rollover Fees |
Rollover Fees shall be applied to all open positions at the end of the T Session. The Rollover Fees will be calculated and collected during the end-of-day clearing cycle at the end of each Trading Day. The formula is as follows: The Rollover Rate used to calculate the Rollover Fees will be published on the APEX website. |
| Block Trade | Minimum 10 lots |
| Initial Margin | Based on SPAN (Click to see Margin Schedule) |
| Maximum Order Size | 500 lots |