ROLLING SPOT FX

AUDCADAUDCHFAUDJPYAUDNZD
AUDSGDAUDUSDCADCHFCADJPY
CADSGDCHFJPYCHFSGDEURAUD
EURCADEURCHFEURDKKEURGBP
EURHKDEURJPYEURMXNEURNOK
EURNZDEURPLNEURSEKEURSGD
EURTRYEURUSDGBPAUDGBPCAD
GBPCHFGBPJPYGBPNOKGBPNZD
GBPSEKGBPSGDGBPUSDHKDJPY
MXNJPYNOKJPYNOKSEKNZDCAD
NZDCHFNZDJPYNZDSGDNZDUSD
SEKJPYSGDJPYUSDCADUSDCHF
USDCNHUSDDKKUSDHKDUSDJPY
USDMXNUSDNOKUSDPLNUSDRUB
USDSEKUSDSGDUSDTRYUSDZAR

ROLLING SPOT METALS

XAGUSDXAUUSDXPDUSDXPTUSD

CASH INDICES

AU200RollDE30RollFR40RollES35Roll
EU50RollHK50RollJP225RollUS30Roll
UK100RollUS500RollUT100Roll


Cash Commodities

Silver (XAGUSD)Gold (XAUUSD)WTI Crude Oil (USOILRoll)Brent Crude Oil (UKOILRoll)
Platinum (XPTUSD)


Indices FUTURES

CHINA50xxESP35xxF40xxINDIA50xx
UK100xxSING30xxUSDindexxxDE30xx
US500xxUT100xxUS30xx


Commoditie FUTURES

Silver (SIxx)Gold (GCxx)WTI Crude Oil (USOILxx)Brent Crude Oil (UKOILxx)
High Grade Copper (COPPERxx)Natural Gas (NGASxx)Coffee (COFFEExx)Cotton (COTTONxx)
US Cocoa (USCOCOAxx)

Current contract / Equiti SymbolNear Last Trade TimeNear Settlement TimeFar contract / Equiti SymbolFar Last Trade TimeFar Settlement Time
AU200M018-Jun-20 21:0018-Jun-20 21:00AU200M017-Sep-20 21:0017-Sep-20 21:00
CHINA50J029-Apr-20 08:3029-Apr-20 08:30CHINA50K028-May-20 08:3028-May-20 08:30
DE30M019-Jun-20 12:0019-Jun-20 12:00DE30U018-Sep-20 12:0018-Sep-20 12:00
ESP35J017-Apr-20 14:1517-Apr-20 14:15ESP35K015-May-20 14:1515-May-20 14:15
FRA40J017-Apr-20 14:0017-Apr-20 14:00FRA40K015-May-20 14:0015-May-20 14:00
INDIA50J030-Apr-20 10:1030-Apr-20 10:10INDIA50K028-May-20 10:1028-May-20 10:10
UK100M019-Jun-20 09:0019-Jun-20 10:00UK100U018-Sep-20 10:0018-Sep-20 10:00
SING30JO29-Apr-20 09:1029-Apr-20 09:10SING30KO28-May-20 09:1028-May-20 09:10
USDINDEXM012-Jun-20 20:0012-Jun-20 20:00USDINDEXU011-Sep-20 20:0011-Sep-20 20:00
US30M018-Jun-20 20:0018-Jun-20 20:00US30U017-Sep-20 20:0017-Sep-20 20:00
US500M018-Jun-20 20:0018-Jun-20 20:00US500U017-Sep-20 20:0017-Sep-20 20:00
UT100M018-Jun-20 20:0018-Jun-20 20:00UT100U017-Sep-20 20:0017-Sep-20 20:00
VXJ015-Apr-20 13:0015-Apr-20 13:00VXK020-May-20 13:0020-May-20 13:00



Current contract / Equiti SymbolNear Last Trade TimeNear Settlement TimeFar contract / Equiti SymbolFar Last Trade TimeFar Settlement Time
SIK029-Apr-20 17:2529-Apr-20 17:25SIN029-Jun-20 17:2529-Jun-20 17:25
GCM028-May-20 17:3028-May-20 17:30GCQ030-Jul-20 17:3030-Jul-20 17:30
COFFEEK021-Apr-20 17:2521-Apr-20 17:25COFFEEN021-Jun-20 17:2521-Jun-20 17:25
COTTONK023-Apr-20 18:1523-Apr-20 18:15COTTONN023-Jun-20 18:1523-Jun-20 18:15
USCOCOAK016-Apr-20 15:5016-Apr-20 15:50USCOCOAN016-Jun-20 15:5016-Jun-20 15:50
USOILK020-Apr-20  18:3020-Apr-20  18:30USOILM018-May-20  18:3018-May-20  18:30
UKOILM030-Apr-20 18:3030-Apr-20 18:30UKOILN029-May-20 18:3029-May-20 18:30
HGK029-Apr-20 17:0029-Apr-20 17:00HGN029-Jun-20 17:0029-Jun-20 17:00
NGK027-Apr-20 18:3027-Apr-20 18:30NGM027-May-20 18:3027-May-20 18:30


Unique Non-Bank ECN liquidity

Under the OXO ECN model (Orders-Crossing-Orders), Equiti acts as the Prime Broker rather than offering a Prime of Prime service. The OXOECN liquidity is an aggregated pool of pricing provided by funded clients of Equiti Capital. These are sophisticated institutions that have the capital and technological means to provide streaming pricing on an anonymous basis.

The benefits of this model are quite significant as it allows Equiti UK Limited and the LPs involved to avoid Prime Brokerage charges and pass on the benefits to end users. Equiti UK Limited enforces strict capital and performance requirements for liquidity providers participating in this pool making sure clients get optimal trade execution.

Commodity Future CFD

(All times are shown in GMT)
Symbol9th April Holy Day10th April Good Friday13th April Easter Monday14th April30th April Declaration of Independence and Birthday of the Buddha
UKOILxx/yyRegular HoursClosedRegular HoursRegular HoursRegular Hours
COFFEExxRegular HoursClosedLate Open 11:30Regular HoursRegular Hours
COTTONxxRegular HoursClosedRegular HoursRegular HoursRegular Hours
HGxxRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
GCxxRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
NGxxRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
SIxxRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
USCOCOAxxRegular HoursClosedLate Open 11:30Regular HoursRegular Hours
USOILxxRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours




Rolling Oil

(All times are shown in GMT)

Symbol9th April Holy Day10th April Good Friday13th April Easter Monday14th April30th April Declaration of Independence and Birthday of the Buddha
UKOIL RollingRegular HoursClosedRegular HoursRegular HoursRegular Hours
USOIL RollingRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours


Indices CFD

(All times are shown in GMT)

Symbol9th April Holy Day10th April Good Friday13th April Easter Monday14th April30th April Declaration of Independence and Birthday of the Buddha
AUS200Early Close 14:00ClosedClosedRegular HoursRegular Hours
EU50RollRegular HoursClosedClosedRegular HoursRegular Hours
DE30RollCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 23:15 13th AprilRegular Hours
JP225RollRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
UK100RollCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 00:00Regular Hours
US30RollRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
UT100RollRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
US500RollRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
FR40RollCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 06:00Regular Hours
ESP35RollRegular HoursClosedClosedRegular HoursRegular Hours
HK50RollRegular HoursClosedClosedRegular HoursClosed


Indices Futures CFD

(All times are shown in GMT)

Symbol9th April Holy Day10th April Good Friday13th April Easter Monday14th April30th April Declaration of Independence and Birthday of the Buddha
AUS200Early Close 14:00ClosedClosedRegular HoursRegular Hours
DE30xxCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 23:15 13th AprilRegular Hours
UK100xxCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 00:00Regular Hours
US30Regular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
UT100Regular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
US500Regular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours
FRA40xxCloses at 20:00 (No OOH Pricing)ClosedClosedLate Open 06:00Regular Hours
ESP35xxRegular HoursClosedClosedRegular HoursRegular Hours
CHINA50xxRegular HoursClosedClosedRegular HoursRegular Hours
INDIA50xxRegular HoursClosedRegular HoursRegular HoursRegular Hours
SING30Regular HoursClosedRegular HoursRegular HoursRegular Hours
USDINDEXRegular HoursClosedRegular HoursRegular HoursRegular Hours
VIXRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours


FX & Metals

(All times are shown in GMT)

Symbol9th April Holy Day10th April Good Friday13th April Easter Monday14th April30th April Declaration of Independence and Birthday of the Buddha
FXRegular HoursRegular HoursRegular HoursRegular HoursRegular Hours
FX CrossesRegular HoursRegular HoursRegular HoursRegular HoursRegular Hours
MetalsRegular HoursClosed From 21:00 on 9th AprilRegular HoursRegular HoursRegular Hours


Equities

(All times are shown in GMT)

24th December Christmas Eve25th December Christmas Day26th December Boxing Day27th December31st December New Years Eve
US EquitiesRegular HoursClosedRegular HoursRegular HoursRegular Hours
UK EquitiesRegular HoursClosedClosedRegular HoursRegular Hours
EU EquitiesRegular HoursClosedClosedRegular HoursRegular Hours

What is a share?

Stock markets provide companies with an opportunity to raise money by selling parts of their businesses as shares, these can also be referred to as equities or stocks. Shares are the units of the ownership of a company. If you buy one, you own a part of that company and become a shareholder.

What Equiti offers

At Equiti we offer a derivative known as a CFD (contract for difference) rather than the underlying share itself. The price of the CFD is derived from the price of the share; the difference is that the holder of the CFD never owns part of the company.

Benefits of trading a stock CFD

  1. You’re able to trade long (buy) or short (sell)
  2. The ability to trade using leverage, this enables you to gain more exposure and increase potential profits (also has the potential for increased losses)

How to calculate your profit or loss

The formulae for working out your P&L for any CFD shares is shown below

Long (buying): Profit or loss = ( Exit price - Entry price ) * Lots traded

Short (Selling): Profit or loss = ( Entry price - Exit price ) * Lots traded

Example one

You decide to buy 100 CFDs in Coca Cola at $45.00

The share price rises +10% due to the release of the company’s quarterly earnings being better than forecasted

You sell 100 CFDs in Coca cola at $49.50

Using the formula above for a ‘long’ trade: Profit or loss = ( Exit price - Entry price ) * Lots traded

The result would be +$450.  The commission on this trade would have been 0.02% * $45.00 * 100 = $0.90  The net profit would therefore be $449.10

Example two

You decide to sell 10 CFDs in Amazon at $1,900 with the opinion that the price of the share will fall

Amazon sales data is released and the report states that they have had an increase in sales, as a result the share price rises +1%

You decide to Close you position at a price of $1,919

Using the formula above for a ‘short’ trade: Profit or loss = ( Entry price - Exit price ) * Lots traded

The result would be -$190.  The commission on this trade would have been 0.02% * $1,900.00 * 10 = $3.80  The net loss would therefore be -$193.80

Our charges for carrying a position each night (aka "rolling", "financing") is:

LONG = LIBOR + 2.5%

SHORT = LIBOR -2.5% (minus any 'borrow' costs)

The Financing rates in the table below are shown as an annual percentage (360 day year).

The Dividend is shown as a USD amount that you PAY if you are SHORT.

If you are LONG you will RECEIVE only 70% (since US withholding tax is 30%).


NameFinancing LONG (% per year)Financing SHORT (% per year)Dividend (USD per share)
Alibaba-4.40-0.60
Alphabet-4.40-0.60
Amazon-4.40-0.60
Apple-4.40-0.60
Berkshire Hathaway-4.40-0.60
Boeing-4.40-0.60
Citigroup-4.40-0.60
Coca cola-4.40-0.60
Disney-4.40-0.60
Ebay-4.40-0.60
Exxon-4.40-0.60
Facebook-4.40-0.60
Goldmans-4.40-0.60
JP Morgan-4.40-0.60
Microsoft-4.40-0.60
Netflix-4.40-0.60
Nvidia-4.40-0.60
Starbucks-4.40-0.60
Tesla-4.40-5.80
Twitter-4.40-0.60
Uber-4.40-0.60
Wal-Mart-4.40-0.60


What is short borrowing?

This is the practice of borrowing shares, to then sell them. When borrowing shares there is a cost attached, this will vary dependent on the availability to borrow the underlying share. In most cases there will be no borrowing costs.

NameMarginContractMin/Max Trade sizeCommission USD per LotTrading Hours (GMT)
Alibaba10%1 Share1 / 500.02%Mon - Fri 14:31 - 21:00
Alphabet10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Amazon10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Apple10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Berkshire Hathaway10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Boeing10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Citigroup10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Coca cola10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Disney10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Ebay10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Exxon10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Facebook10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Goldmans10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
JP Morgan10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Microsoft10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Netflix10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Nvidia10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Starbucks10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Tesla20%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Twitter15%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Uber15%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00
Wal-Mart10%1 Share1 / 50 0.02%Mon - Fri 14:31 - 21:00

Commission is charged only on the Open trade.  There is no commission on Closing trades.  The effect is that the commission is ~0.01% per trade.