Silver Perpetual Futures
As compared to Gold, Silver has a higher industrial demand especially in the photographic and medical fields. Having a high correlation with Gold, Silver is similarly often regarded as a safe haven asset and useful hedging tool. APEX Silver Perpetual Futures Contract serves as a tool for your trading, hedging and risk management needs in this precious metal.
|APEX Silver Perpetual Futures Contract Specifications|
|Contract Size||5 kilograms/lot|
|Minimum Price Fluctuation||US $0.2/kilogram|
|Tick Value||US $1|
|Contract Series||Perpetual Contract|
London Bullion Market Association (LBMA) Silver Price Publication Day
T stands for a given Trading Day.
There will be no T+1 Session on the non-LBMA Silver Publication Day or the previous Trading Day of a non-LBMA Silver Publication Day.
|Last Trading Day||Not Applicable as there is no maturity date.|
|Daily Price Limit||+/-15% 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 Silver Price published by IBA rounded to the nearest US $0.2/kilogram|
|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 50 lots|
|Initial Margin||Based on SPAN (Click to see Margin Schedule)|
|Maximum Order Size||500 lots|