Parameter | Definition |
---|---|
Underlying contract | LME Nickel |
Description | An LME TAS (trade-at-settlement) order type allows a trader to enter an order to buy or sell a contract (during the course of the trading day) at a price that is equal to, or a number of $1 ticks above or below the 3-month Closing Price |
Tick size | $1.00 |
Price band | Initially, 25 ticks above and below zero |
Lot size | 6 metric tonnes |
Underlying contract | LME Nickel |
Trading window | 01:00 - 17:00 |
Fees | $0.54 per lot, per leg, per side |
Reference price | LME Nickel 3-month Closing Price |
Settlement type | Into underlying 3-month LME Nickel future |
For further information please get in touch.