The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%.
Minimum size 1
Contract size USD 1.10
One Pip means 1 cents per 1000 board feet
Value of one Pip USD 1.10
Minimum stop distance 400
Minimum guaranteed stop distance 5.0%
Your aggregate position in this market will be margined in the following tiers:
|1||0 - 36.36 Contracts||3%|
|2||36.36 - 72.73 Contracts||6%|
|3||72.73 - 109.09 Contracts||9%|
|4||109.09 + Contracts||15%|
If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.
Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.
Expiry date 31/08/20
Last dealing date and time 01/09/20 00:05
Settles based on the official settlement price of the CME Lumber future on the last dealing day +/- IG dealing spread.
Last rollover time 31/08/20 23:50
Usually, initial position closed at official closing level of day before last dealing day +/- closing spread; new position in next contract opened at official closing level of the new contract from same day, +/- opening spread.
[No Controlled Risk]
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