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
AU200Z918-Dec-19 20:0018-Dec-19 23:00AU200H018-Mar-20 20:0018-Mar-20 23:00
CHINA50X928-Nov-19 08:3028-Nov-19 08:30CHINA50Z930-Dec-19 08:3030-Dec-19 08:30
DE30Z920-Dec-19 11:0020-Dec-19 11:00DE30H020-Mar-20 11:0020-Mar-20 11:00
ESP35X915-Nov-19 15:1515-Nov-19 15:15ESP35Z920-Dec-19 15:1520-Dec-19 15:15
FRA40X915-Nov-19 15:0015-Nov-19 15:00FRA40Z920-Dec-19 15:0020-Dec-19 15:00
INDIA50X928-Nov-19 10:1028-Nov-19 10:10INDIA50Z924-Dec-19 10:1024-Dec-19 10:10
UK100Z920-Dec-19 09:0020-Dec-19 09:00UK100H020-Mar-20 09:0020-Mar-20 09:00
SING30X928-Nov-19 09:1028-Nov-19 09:10SING30Z930-Dec-19 09:1030-Dec-19 09:10
USDINDEXZ913-Dec-19 19:0016-Dec-19 19:00USDINDEH013-Mar-20 19:0016-Mar-20 19:00
US30Z919-Dec-19 20:0019-Dec-19 20:00US30H019-Mar-20 20:0019-Mar-20 20:00
US500Z919-Dec-19 20:0019-Dec-19 20:00US500H019-Mar-20 20:0019-Mar-20 20:00
UT100Z919-Dec-19 20:0019-Dec-19 20:00UT100H019-Mar-20 20:0019-Mar-20 20:00


Current contract / Equiti SymbolNear Last Trade TimeNear Settlement TimeFar contract / Equiti SymbolFar Last Trade TimeFar Settlement Time
SIZ927-Nov-19 18:2527-Nov-19 18:25SIH027-Feb-20 18:2527-Feb-20 18:25
GCZ927-Nov-19 18:3027-Nov-19 18:30GCG030-Jan-20 18:3030-Jan-20 18:30
COFFEEZ919-Nov-19 18:2519-Nov-19 18:25COFFEEH019-Feb-20 18:2519-Feb-20 18:25
COTTONZ921-Nov-19 19:1521-Nov-19 19:15COTTONH023-Mar-20 19:1523-Mar-20 19:15
USCOCOAZ914-Nov-19 16:5014-Nov-19 16:50USCOCOAH013-Feb-20 17:5013-Feb-20 17:50
USOILZ919-Nov-19 19:3019-Nov-19 19:30USOILF018-Dec-19 19:3018-Dec-19 19:30
UKOILF027-Nov-19 19:3027-Nov-19 19:30UKOILG030-Dec-19 19:3030-Dec-19 19:30
HGZ9
27-Nov-19 18:0027-Nov-19 18:00
HGZ0
27-Feb-20 18:0027-Feb-20 18:00
NGZ9
25-Nov-19 19:3025-Nov-19 19:30
NGF0
27-Dec-19 19:3027-Dec-19 19:30


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
Symbol28th November Thanksgiving29th November Day After Thanksgiving
UKOILxx/yyEarly Close 18:30Early Close 19:00
COFFEExxClosedRegular Hours
COTTONxxRegular HoursRegular Hours
COPPEREarly Close 18:00Early Close 18:45
GCxxEarly Close 18:00Early Close 18:45
NGEarly Close 18:00Early Close 18:45
SIxxEarly Close 18:00Early Close 18:45
USCOCOAxxClosedRegular Hours
USOILxxEarly Close 18:00Early Close 18:45




Rolling Oil
Symbol28th November Thanksgiving29th November Day After Thanksgiving
UKOIL RollingEarly Close 17:45Early Close 18:30
USOIL RollingEarly Close 17:45Early Close 18:30



Indices CFD
Symbol28th November Thanksgiving29th November Day After Thanksgiving
AU200RollRegular HoursRegular Hours
EU50RollRegular HoursRegular Hours
DE30RollClosed 21:00 - 23:00Early Close 21:00
JP225RollEarly Close 18:00Early Close 18:15
UK100RollClosed 21:00 - 23:00Early Close 21:00
US30RollEarly Close 18:00Early Close 18:15
UT100RollEarly Close 18:00Early Close 18:15
US500RollEarly Close 18:00Early Close 18:15
FR40RollClosed 21:00 - 23:00Early Close 21:00
ES35RollRegular HoursRegular Hours
HK50RollRegular HoursRegular Hours


Indices Futures CFD
Symbol28th November Thanksgiving29th November Day After Thanksgiving
AU200xxRegular HoursRegular Hours
DE30xxClosed 21:00: - 23:00Early Close 21:00
UK100xxClosed 21:00: - 23:00Early Close 21:00
US30xxEarly Close 18:00Early Close 18:15
UT100xxEarly Close 18:00Early Close 18:15
US500xxEarly Close 18:00Early Close 18:15
FR40xxClosed 21:00: - 23:00Early Close 21:00
ES35xxRegular HoursRegular Hours
HK50xxRegular HoursRegular Hours
CHINA50xxRegular HoursRegular Hours
INDIA50xxRegular HoursRegular Hours
SING30xxRegular HoursRegular Hours
USDINDEXxxEarly Close 18:00Early Close 18:15



FX & Metals28th November Thanksgiving29th November Day After Thanksgiving
FXRegular HoursRegular Hours
MetalsEarly Close 18:00Early Close 18:45



US Equities28th November Thanksgiving29th November Day After Thanksgiving
All US EquitiesClosedEarly close 18:00

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 13:30 - 20:00
Alphabet10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Amazon10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Apple10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Berkshire Hathaway10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Boeing10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Citigroup10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Coca cola10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Disney10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Ebay10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Exxon10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Facebook10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Goldmans10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
JP Morgan10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Microsoft10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Netflix10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Nvidia10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Starbucks10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Tesla10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Twitter15%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Uber15%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00
Wal-Mart10%1 Share1 / 50 0.02%Mon - Fri 13:30 - 20:00

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.