MARKET INFORMATION SHEETS

GFT Global Markets Asia Pte Ltd., Worldwide Leaders in Online Trading

CFD Commodities (Spot Metals)

Commodity	Symbol	Spread	IM Factor (Margin Req)	Trading Hours	Basis of Settlement	Min / Max Size	† Tick Factor	Currency	Equivalent Underlying Quantity	Last Update
Spot Gold	.GOLD	0.5 (i.e. 5 with tick factor per 0.1)	0.20	18:00 - 17:15 ET (i.e. 24 hours with a 45 minute break)	BBA USD LIBOR overnight rate at 17:00 ET	1 / 500	0.1	USD	1 CFD = 10 troy ounces	26/09/2011
Spot Mini Gold	.MGOLD	0.5 (i.e. 0.5 with tick factor per 1.0)	0.20	18:00 - 17:15 ET (i.e. 24 hours with a 45 minute break)	BBA USD LIBOR overnight rate at 17:00 ET	1 / 50	1	USD	1 CFD = 1 troy ounce	26/09/2011
Spot Mini Silver	.MSILVER	3 (i.e. 30 with tick factor per 1.0)	0.20	18:00 - 17:15 ET (i.e. 24 hours with a 45 minute break)	BBA USD LIBOR overnight rate at 17:00 ET	1 / 25	1	USD	1 CFD = 100 troy ounces	26/09/2011
Spot Silver	.SILVER	3 (i.e. 30 with tick factor per 0.1)	0.20	18:00 - 17:15 ET (i.e. 24 hours with a 45 minute break)	BBA USD LIBOR overnight rate at 17:00 ET	1 / 250	0.1	USD	1 CFD = 1000 troy ounces	26/09/2011

CFD Commodities (Spot Oil)

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Commodity	Symbol	Spread	IM Factor (Margin Req)	Trading Hours	Basis of Settlement	Min / Max Size	† Tick Factor	Currency	Equivalent Underlying Quantity	Last Update
Spot Brent Crude Oil	.BRENT	5 (09:00 to 14:30 ET); Underlying futures market bid/ask spread will be added to GFT spread outside these times	0.20	20:00 - 18:00 (Friday closes 17:00) ET; Sunday opens 18:00 ET One trading day prior to the expiry of the underlying ICE futures contract, trading ceases at 14:30 ET and recommences at 20:00 ET for the next trading day.	n/a - Please see below for details of how positions are adjusted on the trading day prior to the expiry date of the underlying ICE futures contract.	1 / 100	1	USD	1 CFD = 100 barrels	26/09/2011
Spot WTI Light Crude Oil	.WTI	0.05 (i.e. 5 with trade per 0.01) (09:00 to 14:30 ET); Underlying futures market bid/ask spread will be added to GFT spread outside these times	0.20	18:00 - 17:15 ET. Sunday open at 18:00 ET, Friday close at 17:00 ET. One trading day prior to GFT's last dealing day, trading ceases at 14:30 ET and recommences at 18:00 ET	n/a - Please see below for details of how positions are adjusted on the trading day prior to the expiry date of the underlying NYMEX futures contract.	1 / 100	0.01	USD	1 CFD = 100 barrels	26/09/2011

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Minimum / Maximum Trade Sizes

Maximum trade sizes vary according to underlying liquidity, market conditions and whether the underlying market is classed as being quoted by GFT Global Markets as "out of hours", i.e. outside of regular trading hours.

The market information sheets indicate the usual minimum and maximum trading sizes in GBP; currency equivalents apply for non-GBP accounts, or when trading on markets denominated in a currency other than GBP.

Restrictions may be applied to maximum trade sizes whether opening or closing.

The minimum number of CFDs (or "trade size") for markets with GFT Global Markets is 100 for individual equities, and 1 CFD for all other markets. The lot size of the corresponding underlying market is provided for your information, as a guide to underlying market trading size.

When you trade CFDs you are always trading the in "base" currency of the underlying market. E.g. if you trade a US share, you are trading in US dollars per one cent movement.

Spot Oil Markets

We offer a non-expiring futures market based on the front month ("spot") futures price of WTI and Brent crude oil.

One trading day prior to the expiry date of the futures market, GFT will:

Adjust the quote of the market by the difference between the last traded prices of the spot (front) month and the next month's price at 14:30 Eastern Time (the spread).
Make a credit/debit adjustment to accounts with open positions based on the spread.
Adjust any working stop or limit orders based on the spread.

Example:

On 1 January, GFT quotes 6110 - 6115 for the spot WTI market. This price is based on the current front month for WTI, which in this example is the February 2009 contract.

You decide to BUY 10 CFDs and hold your position open through the next month.
On 15 January, GFT switches from using the February 2009 quote to the March 2009 quote as the basis for the spot price, because the underlying February 2009 futures market expires on 16 January.
The last traded prices of the underlying NYMEX futures contract for the spot month are 6150 (Feb) and for the next month 6200 (March.) so GFT's price is adjusted up by 50 points.
Your open position is adjusted by a factor of 50 (+50 for short positions, -50 for long positions.) In this example, the account will be debited (+50 x 10) = $500.
As the price has risen by 50, the net financial effect of the roll is zero.
In other words, because the spot quote rose by 50 points, your account would be debited the equivalent of 50 points to adjust for the change in quote. If the quote had fallen by 50 points, you would be credited the equivalent of 50 points.This happens each month when the new quote is issued.

Trading Hours

Times shown are GFT Global Markets' usual times for trading a market; these may vary e.g. on market holidays and where daylight saving applies.

Unless indicated otherwise, times shown are London time.

Our normal dealing hours are from 22:00 Sunday to 22:00 on Friday.

Spreads

The spreads shown may vary according to underlying market liquidity, or in "fast markets".

The spreads shown for Commodities may be added to the market spread of the underlying market.

Finance Adjustments

All finance adjustments for open positions in cash indices are carried out at or after 17:00 ET.

As you hold a position overnight, (i.e. after 17:00 ET) a finance adjustment is made to your account. This is calculated as follows:

f = (s x p x r) / d

where
f = daily financing charge
s = your stake
p = closing price as determined by GFT
r = relevant overnight LIBOR rate, PLUS 300 basis points for long positions, or MINUS 300 basis points for short positions
d = number of days, i.e. 365 for UK and Australian indices and 360 for all others

Long (buy) trade positions are debited the daily financing charge
Short (sell) positions are credited the daily financing charge

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Disclaimer

This information is made available to you by or for GFT Global Markets Asia Pte. Ltd. (Unique Entity Number 200717665N). The contents hereof is available or accessible for informational purposes only and is not to be regarded as an offer or a solicitation to deal in any investment product or to enter into any legal relations, nor an advice or a recommendation with respect to such investment product.

The information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions. GFT is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision based upon any information contained within. Trading of foreign exchange contracts and other investment products, which are leveraged, can carry a high level of risk, and may not be suitable for all investors. It is possible to lose more than the initial investment. © 2011 Global Futures & Forex, Ltd. All rights reserved.