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Market Information Sheets

This market information is correct at the time of publication but may be subject to change due to, but not exclusively, irregular market conditions. The most up to date version of the market information sheets will be shown on our website. Other markets may be available on request, please call our trading desk on 0860 77 77 66 for further information. Further information about individual markets such as market expiration, minimum/maximum trade sizes and guaranteed stop loss criteria are available by selecting the “i” button on the trading platform or by contacting our client services team by email at enquiries@blackstonefutures.co.za. Market trading hours are in UK time (GMT). The margin factor rates detailed below may be increased where the size of the trade deems this appropriate.

Please select the “i” button to view any increased margin requirements. These market information sheets should be read in conjunction with client terms and conditions which take precedence in the event of a conflict with these sheets

Indices
Market Name Spread As Low As Margin From Trade Per Trading Hours

SA40 (Future)

20 points at all times 2.0% 1 index point 07.30 to 17:30

Australia 200 (Daily Rolling Cash)

2 points from 23.00 to 05.30, 3 points from 06.10 to 21.00 0.75% 1 index point Opens Sunday to Friday 23.00 to 21.00. Closed periods during the week at 05.30 to06.10 & 21.00 to 23.00
Euro Stocks 50 (Daily Rolling Cash) 2 points at all times 0.75% 1 index point 07.00 to 21.00
Euro Stocks 50 (Future) 4 points at all times 0.75% 1 index point 07.00 to 21.00
France 40 (Daily Rolling Cash) 2 points at all times 0.75% 1 index point 07.00 to 21.00
France 40 (Future) 4 points at all times (1 point extra for subsequent months) 0.75% 1 index point 07.00 to 21.00
Germany 30 (Daily Rolling Cash) 1 point at all times 0.75% 1 index point 07.00 to 21.00
Germany 30 (Future) 5 points at all times (2 points extra for subsequent months) 0.75% 1 index point 07.00 to 21.00
Hong Kong 42 (Future) 12 points at all times 2% 1 index point Opens Monday to Friday 02.15 to 09.15. Closed periods during the week at 05.00 to06.00
Japan 225 (Daily Rolling Cash) 8 points at all times 0.5% 1 index point Opens Sunday to Friday 23.00 to 21.00. Closed periods during the week at 21.00 to23.00
UK 100 (Daily Rolling Cash) 1 points at all times 0.75% 1 index point Open Monday 01.00 to Friday 21.00  Closed period during the week 07.50 to 08.00 &21.00 to 01.00
UK 100 (Future) 5 points at all times (2 points extra for subsequent months) 0.75% 1 index point Open Monday 01.00 to Friday 21.00  Closed period during the week 07.50 to 08.00 &21.00 to 01.00
US SPX 500 (Daily Rolling Cash) 3 points at all times 0.5% 0.1 index point Open Sunday 23.00 to Friday 21.00  Closed period during the week 21.15 to 21.30 &22.30 to 23.00
US SPX 500 (Future) 8 points at all times (2 points extra for subsequent months) 0.5% 0.1 index point Open Sunday 23.00 to Friday 21.00  Closed period during the week 21.15 to 21.30 &22.30 to 23.00
US Tech 100 (Daily Rolling Cash) 2 points from 14.30 to 21.00 (3 points out of hours) 0.5% 1 index point Open Sunday 23.00 to Friday 21.00  Closed period during the week 21.00 to 23.00
Wall Street (Daily Rolling Cash) 2 points from 14.30 to 21.00 (5 points out of hours) 0.5% 1 index point Open Sunday 23.00 to Friday 21.00  Closed period during the week 21.15 to 21.30 &22.30 to 23.00
Wall Street (Future) 6 points at all times (1 point extra for subsequent months) 0.5% 1 index point

Open Sunday 23.00 to Friday 21.00  Closed period during the week 21.15 to 21.30 &

22.30 to 23.00

Notes for indices trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Positions are subject to dividend adjustments. All long positions receive a dividend adjustment of 9% of the gross dividend and all short positions pay adjustments of 100%. This applies to daily rolling cash markets.
5. Spread size may differ from above where the stake exceeds median market levels
6. Trades on quarterly Wall Street, US SPX 500, US Tech 100, settle against the special opening quotation published by the relevant exchange on the 3rd Friday of the contract month. This price may differ on the last day of dealing. No trades will be accepted on these markets after the last dealing day.
7. A rolling adjustment is applied to rolling cash positions held overnight.

Interest adjustments are calculated as follows:

S x P x I / 365 = D

Symbols

D = daily interest adjustment

S = stake size

P = underlying index price at time of calculation

I = applicable annual interest rate

The applicable interest rate will be +/-2.5% above/below the indicator cash rate for that index unless otherwise stipulated.

Example of long position using N = R5 P = 14900 (US 30) I = 3.0 (2.5 applicable int rate + 0.5 indicator cash rate)

5 x 14900 x 3        = R6.12 (debit)

365 x100

Funding in respect of long positions is debited from a client’s account and interest in respect of short positions is credited to a client’s account*

* during periods of low interest rates it is possible for short positions to result in a debit posting rather than a credit

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

Foreign Exchange – Rolling Spot
Market Name Spread As Low As Margin From Trade Per Trading Hours
AUD/CAD 5 pips 0.75% 0.0001 Open Sunday 23.00 to Friday 22.00
AUD/CHF 4 pips 0.75% 0.0001 Open Sunday 23.00 to Friday 22.00
AUD/JPY 2.5 pips 0.75% 0.01 Open Sunday 23.00 to Friday 22.00
AUD/NZD 5 pips 0.75% 0.0001 Open Sunday 23.00 to Friday 22.00
AUD/USD 2 pips 0.75% 0.0001 Open Sunday 23.00 to Friday 22.00
CAD/CHF 4.5 pips 0.75% 0.0001 Open Sunday 23.00 to Friday 22.00
CAD/JPY 2.5 pips 0.75% 0.01 Open Sunday 23.00 to Friday 22.00
CHF/JPY 2.5 pips 0.75% 0.01 Open Sunday 23.00 to Friday 22.00
EUR/AUD 1.5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/CAD 3 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/CHF 2 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/DKK 3 pips 0.75% 0.001 Open Sunday 23.00 to Friday 22.00
EUR/GBP 1.5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/HUF 30 pips 1% 0.01 Open Sunday 23.00 to Friday 22.00
EUR/JPY 2 pips 0.5% 0.01 Open Sunday 23.00 to Friday 22.00
EUR/NOK 7 pips 1% 0.001 Open Sunday 23.00 to Friday 22.00
EUR/NZD 2 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/SEK 5 pips 1% 0.001 Open Sunday 23.00 to Friday 22.00
EUR/USD 1 pip 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
EUR/ZAR 60 pips 4% 0.001 Open Sunday 23.00 to Friday 22.00
GBP/AUD 2.5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
GBP/CAD 5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
GBP/CHF 5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
GBP/JPY 4 pips 0.5% 0.01 Open Sunday 23.00 to Friday 22.00
GBP/NZD 4 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
GBP/USD 1 pip 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
GBP/ZAR 80 pips 4% 0.001 Open Sunday 23.00 to Friday 22.00
NZD/JPY 2 pips 0.75% 0.01 Open Sunday 23.00 to Friday 22.00
NZD/USD 2.5 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
USD/CAD 2 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
USD/CHF 2 pips 0.5% 0.0001 Open Sunday 23.00 to Friday 22.00
USD/DKK 3 pips 1% 0.001 Open Sunday 23.00 to Friday 22.00
USD/HUF 25 pips 1% 0.01 Open Sunday 23.00 to Friday 22.00
USD/JPY 1 pip 0.5% 0.01 Open Sunday 23.00 to Friday 22.00
USD/NOK 7 pips 1% 0.001 Open Sunday 23.00 to Friday 22.00
USD/ZAR 50 pips 4% 0.001 Open Sunday 23.00 to Friday 22.00

Notes for foreign exchange trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Spread size may differ from above where the stake exceeds median market levels
5. A rolling adjustment is applied to long and short rolling spot positions held overnight.

Funding adjustments are calculated as follows, in this example using a R10 long €/$ as an example:

€/$ = 1.3450 € Int Rate = 1% $ Int Rate = 0.5% BSF applicable int rate 2.5%

R 10 x 13450 x 2 (€1% – $ 0.5% – 2.5% )

365 x 100

Commodities
Market Name Spreads As Low As Margin From Trade Per Trading Hours
Metals
Gold Spot 3 points 0.5% 0.1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Gold Future 5 points 0.5% 0.1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Silver Spot 4 points  0.5% 1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Silver Future 6 points 0.5% 1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Oil Spread As Low As Margins From Trade Per Trading Hours
US Crude Rolling Spot 4 points  0.5% 1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
US Crude Future 4 points  0.5% 1 Opens Sunday 23.00 to Friday 22.00. Closed periods during the week at 22.00 to 23.00
Brent Rolling Spot 3 points  0.5% 1 Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent Future 4 points  0.5% 1 Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent/US Crude Differential Spot 3 points  0.5% 1 Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00
Brent/US Crude Differential Future 5 points  0.5% 1 Opens Monday 01.00 to Friday 21.00. Closed periods during the week at 21.00 to 01.00

Notes for Commodities trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. A rolling adjustment is applied to rolling cash positions held overnight.

Individual Equity Markets
Market Name Spread Margin Factor Trade Per Trading Hours
SA Shares      
Equity Spreads 0.5% From 10% cent move 09.00 to 17.00
US Shares
Equity Spreads 0.15% From 5% cent move 14.30 to 21.00
Market Name Spread Margin Factor Trade Per Trading Hours
UK Shares
Equity Spreads 0.15% From 5% pence move 08.00 to 16.30
European Shares
Equity Spreads 0.15% From 5% cent move 08.00 to 16.30

Notes for individual Equity CFD’s

The forecast payment of dividends is not priced into our individual equity markets. Open bets will be adjusted for dividends.

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

All long positions receive a dividend adjustment of 90% of the gross dividend and all short positions pay adjustments of 100% Larger stakes may be quoted with a wider market spread to reflect underlying liquidity.

A funding adjustment is applied to positions held overnight.

Example overnight funding using long R10 of Admiral @ 1265 Int Rate = 0.5 %  BSF applicable charge = 2.5%

R50 x 1265 x 3 ( 0.5+ 2.5%)                              =R 5.20

365 x100