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Financial CFD Markets Explained
We have collated a detailed description of all our financial CFD markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.
Platinum, Jan
| NTR: | Contracts | % * | |||
|---|---|---|---|---|---|
| .50 | ||||
| 2.50 | ||||
| 5.00 | ||||
| 35.00 |
| Limited Risk NTR: | Contracts | % * | |||
|---|---|---|---|---|---|
| 10.00 | ||||
| 35.00 |
| Spread Premium: | Contracts | Multiplier | |||
|---|---|---|---|---|---|
| 1 | ||||
| 2 | ||||
| 4 | ||||
| 20 |
*When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.
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Market Description
Palladium and platinum are the most widely used of the six platinum group metals, which also include rhodium, ruthenium, osmium and iridium. They are used in manufacturing processes in a range of industries due to their catalytic functions, conductivity and resistance to corrosion.
Platinum has more industrial uses than gold and silver combined and is also used in jewellery – where it is known as white gold – because of its resistance to wear and tarnishing.
Platinum is generally quoted in US dollars per troy ounce. To give an example of the range covered by the commodity, in November 2001 palladium was trading at lows of $410.50 before rising to highs of $2351.20 in March of 2008.
When CFD trading on platinum you trade per dollar movement, therefore the price movement can be quite volatile with up to 100 point movements per day, or more, quite possible.
When placing a CFD with Spreadex on the future price of platinum, you can trade on Futures markets with prices quoted based on expiry at a given future date. For example, Spreadex may quote platinum, Futures at 1706.2-1712.2.
