Kasuma (KSM/USD)
Kasuma is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. The network is an experimental development environment for teams who want to move fast and innovate on Kasuma, or prepare for deployment on Polkadot.
Trading Hours
Please click here for trading hours.
Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted on here.
Spread
KSM/USD has variable spreads that will widen and narrow subject to market conditions.
Max Contract Size
The maximum number of contracts per click (trade) for KSM/USD is 1000.
Minimum Pip Cost (Value)
KSM/USD has a minimum value of 0.10 USD per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 1.00 price movement on KSM/USD is **1 pip/point. **
Number of FXCM Contracts to one Kasuma.
10 FXCM KSM/USD contracts are currently equivalent to one Kasuma.
Margin Requirements
KSM/USD Margin Requirements are updated shortly after market open (Sunday 18:00 ET) and then between 17:00 ET to 18:00 ET daily.
KSM/USD is leveraged at 4:1 and the new margin requirement will be the equivalent of a quarter of the notional value of 1 contract at 5pm EST.
For E.G if the KSM/USD rate is 300.00 between 17:00 ET to 18:00 ET daily, the Margin Requirement for one contract will be updated to $7.50 USD
KSM/USD is a volatile instrument and in the event that there is a significant intraday market move, margin requirements may be updated intraday
Overnight Funding
KSM/USD does have an overnight funding charge (Displayed as Rollover in the Trading Station Platform).
The current overnight funding rate is 0% (annually) for short positions and -25% (annually) for long positions and is 3x on Fridays.
Trade Restrictions
FXCM allows long and short trading on all our trading catalog.
However due to the high volatility and low liquidity when trading crypto currencies, there may be instances where new positions are unable to be opened on KSM/USD.
During any period in which KSM/USD has a trading restriction applied, any market orders or triggered pending entry orders will be rejected and deleted.
Pop ups will appear on your screen informing of the reason for the rejection.
Any restrictions are temporary and will only impact your ability to enter trades.
You will still be able to close open positions.
Other Information
KSM/USD does not have a minimum stop distance
Stops and Limits are currently only able to be set at 50% of the rate.
KSM/USD is not available on MT4 accounts