Gold Perpetual Futures
|APEX Gold Perpetual Futures Contract Specifications (V2021.08.06)|
|Contract Size||100 grams / Lot|
|Minimum Price Fluctuation||US $0.01 / gram|
|Tick Value||US $1|
|Contract Series||Perpetual Contract|
London Bullion Market Association (LBMA) AM Gold Price Publication Day
T stands for a given Trading Day.
There will be no T+1 Session on a non-LBMA Gold AM Publication Day or the previous Trading Day of a non-LBMA Gold AM Publication Day.
|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 of a given day shall be equal to the LBMA Gold Price AM published by IBA rounded to the nearest US $0.01/gram.|
|Final Settlement Price||Not Applicable as there is no maturity date.|
|Settlement Method||Cash Settlement in USD against the Daily Settlement Price.|
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 Rates used to calculate the Rollover Fees will be published on the APEX website.
|Block Trade||Minimum 30 lots|
|Initial Margin||Based on SPAN (Click to see Margin Schedule)|
|Maximum Order Size||500 lots|