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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.
Soybean Oil, May
| 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
The oil is produced from the seeds of the soybean by a process of cracking, heating, rolling and ultimately extracted by using hexane hydrocarbons. It may then be hydrogenated depending on application. About 19% of each seed is oil. Besides the obvious use as cooking oil, it also makes a good base for printing inks and oil paints. 1 futures contract is equivalent to 60,000 lbs (about 27 metric tons) and a contract is priced in cents per pound.
