Today, there was a change of delivery date for BRAComp, FRA40, NGAS, NED25, UKOIL, USOIL, SPA35 instruments. Clients who had open positions were credited or debited with proper swap points amounts.
BRAComp -830 points for long position; 830 points for short position
FRA40 615 points for long position; -615 points for short position
NGAS -44 points for long position; 44 points for short position
NED25 665 points for long position; -665 points for short position
UKOIL 17 points for long position; -17 points for short position
USOIL -13 points for long position; 13 points for short position
SPA35 40 points for long position; -40 points for short position
Today, at the end of the trading day BRAComp, FRA40, NGAS, NED25, UKOIL, USOIL, SPA35 underlying instruments will change their delivery dates. The current difference between the prices of futures with consecutive delivery terms is:
— BRAComp approx. 810 index points
— FRA40 approx. -62 index points
— NGAS approx. 0,044 USD
— NED25 approx. -6,70 index points
— UKOIL approx. -0,47 USD
— USOIL approx. 0,15 USD
— SPA35 approx. -41 index points
It means that if nothing occurs between today’s closing and tomorrow’s opening, open price for BRAComp, FRA40, NGAS, NED25, UKOIL, USOIL, SPA35 should be higher by given values. Change of position value connected with base change will be corrected by swap points equal to the base value.
Clients with limit and stop orders close to current price are kindly requested to adjust their position to changes in base value. Otherwise, stop and limit orders will be executed according to standard procedure.