Products

OTC Energy Futures

When talking about Over The Counter (OTC) Energy Futures these are different to spot prices. We are talking about a contract which is a legally binding agreement to buy or sell energy futures in the future at an agreed price at a set time period. Futures contracts have standard characteristics in terms of quantity, quality, time and delivery.

Trading with future contracts provides you as a customer with a risk management tool to protect the price of your purchase or sale. It also offers the option to get involved in the precious metals market without having a position in the physical energy markets.

OTC Light Sweet Crude Oil Future

Often traders who trade oil products find WTI (West Texas Intermediate) one of the most popular. WTI crude oil is a US domestic crude oil based on the Nymex's Light Sweet Crude contract. It has a lower sulphur content than Brent making it a slightly better quality fuel.

Crude oil is quoted in $/¢ per barrel with a standard contract size of 1000 barrels per one standard lot. The minimum price movement for WTI crude oil is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per one standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Professional crude oil traders often trade one of the oil products against another to take advantage of their ever changing price relationship. This is known as the 'Crack' when taking a position in Gasoil with an opposite position in one of the Crude contracts. It is known as the 'Arb' when taking a position in the Brent with an opposite position in the WTI contract.

OTC Brent Crude Oil Future

Brent Crude oil is also popular with individuals who trade oil products. It is the benchmark for Europe and OPEC pricing. The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars. E.g. 78.45 – 78.46 = $0.01 therefore (0.01 USD * 1000 = $10).

Our Brent Contract is a CFD. It is based on an Exchange Futures Contract that will expire. A crude oil trading position held with ICM Capital will NOT expire but will be rolled into the next month.

OTC E-Mini Natural Gas Henry Hub Future

An OTC E-Mini Natural Gas Henry Hub Future contract is a contract between a buyer and a seller that offers opportunities for risk management of the highly volatile pricing of natural gas. Energy prices can often be subject to dramatic price movements so setting stop-losses and take-profits on the MetaTrader 4 is very important.

The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Contract Specifications

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@CL OTC Light Sweet Crude Oil Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 4
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @CL_Z7 12-Oct-17 17-Nov-17
JAN @CL_F8 10-Nov-17 18-Dec-17
FEB @CL_G8 11-Dec-17 19-Jan-18
MAR @CL_H8 12-Jan-18 19-Feb-18
APR @CL_J8 12-Feb-18 19-Mar-18
MAY @CL_K8 12-Mar-18 19-Apr-18
JUN @CL_M8 12-Apr-18 21-May-18
JUL @CL_N8 14-May-18 19-Jun-18
AUG @CL_Q8 12-Jun-18 19-Jul-18
SEP @CL_U8 12-Jul-18 20-Aug-18
OCT @CL_V8 13-Aug-18 19-Sep-18
NOV @CL_X8 12-Sep-18 19-Oct-18
DEC @CL_Z8 12-Oct-18 16-Nov-18

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@NG OTC E-Mini Natural Gas Henry Hub Future 10,000 mbtu $2,500 0.001 $10.0 50 Cents 5
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @NG_Z7 19-Oct-17 27-Nov-17
JAN @NG_F8 20-Nov-17 26-Dec-17
FEB @NG_G8 19-Dec-17 26-Jan-18
MAR @NG_H8 19-Jan-18 23-Feb-18
APR @NG_J8 16-Feb-18 26-Mar-18
MAY @NG_K8 19-Mar-18 25-Apr-18
JUN @NG_M8 18-Apr-18 28-May-18
JUL @NG_N8 21-May-18 26-Jun-18
AUG @NG_Q8 19-Jun-18 26-Jul-18
SEP @NG_U8 19-Jul-18 28-Aug-18
OCT @NG_V8 21-Aug-18 25-Sep-18
NOV @NG_X8 18-Sep-18 26-Oct-18
DEC @NG_Z8 19-Oct-18 27-Nov-18

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@BR OTC Brent Crude Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 5
               
Day Open Close          
Mon 01:01 21:59          
Tue 01:01 21:59          
Wed 01:01 21:59          
Thu 01:01 21:59          
Fri 01:01 21:59          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
Dec @BR_Z7 21-Sep-17 30-Oct-17
JAN @BR_F8 23-Oct-17 29-Nov-17
FEB @BR_G8 22-Nov-17 27-Dec-17
MAR @BR_H8 20-Dec-17 30-Jan-18
APR @BR_J8 23-Jan-18 27-Feb-18
MAY @BR_K8 20-Feb-18 28-Mar-18
JUN @BR_M8 21-Mar-18 27-Apr-18
JUL @BR_N8 20-Apr-18 30-May-18
AUG @BR_Q8 23-May-18 28-Jun-18
SEP @BR_U8 21-Jun-18 30-Jul-18
OCT @BR_V8 23-Jul-18 30-Aug-18
NOV @BR_X8 23-Aug-18 27-Sep-18
DEC @BR_Z8 20-Sep-18 30-Oct-18

i. All above instruments are on market execution
ii. All times are based on ICM Capital Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products

Swap Policy

ICM Capital offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

ICM Capital reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM Capital will invoke this right in case of suspicion of abuse, in which case ICM Capital may, at its sole discretion, decide to close all open positions in the account and deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the Client to be exempted from SWAP.

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