AXIS BANK LTD
ContractParameters
DGCX Contract SymbolDAXSB
Underlying EquityAXIS BANK LTD.
Underlying CountryIndia
Contract Size10
Notional Contract Value(Price * Contract Size) in USD
Price QuoteUnderlying Equity price expressed in USD (example: Bid: 435.6 / Ask 435.7)
Minimum Tick Size0.1
Tick ValueUSD 1
Trading DaysMonday through Friday
Trading Hours07:00 – 23:30 Hours Dubai time (GMT+4)
Trading MonthsFirst two (2) serial months and 1 calendar spread
Last Trading Day **Last Thursday of the Calendar Month
Cash Settlement Day**Business Day following the Last Trading Day
New Contract ListingBusiness Day immediately following the Last Trading Day
Final Cash Settlement Price BasisBased on the market closing price of the Underlying
Equity on the Last Trading Day in the Underlying
Country (source: public domain)
Settlement BasisCash settled in USD
Wholesale TradesMinimum permitted block size is 100 lots
Max Open Position LimitAs determined by the Exchange from time to time
Max Order Size1,000 lots
Daily Price Movement limitNo Limit, Note 1*
Initial Margin based on SPANUSD 650 (Based on SPAN, subject to change from time to time)
Calendar Spread Margin100% benefit is offered on calendar spread positions

 

Note 1*: *: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 435.6, the price band is USD 22 i.e. from (USD 413.6 to USD 457.6). Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit


Futures contracts:

http://fxpcm.com/futures-contracts

Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment