SugarNYF
The underlying instrument for SugarNYF is the Sugar-New York No. 11 (Raw) Futures contract.
This underlying Futures product is trading at the ICE. Sugar is a soft commodity, and this Futures product is the benchmark for raw sugar, which offer traders to speculate/hedge the price movements.
Margin Requirements
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
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 here. FXCM expiration dates and current reference month for SugarNYF are located in the FXCM CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the 'FXCM Expiration' will be closed at our bid/offer at 17:00 New York time for SugarNYF, which means the client will realise any floating P/L at the time it is closed. When SugarNYF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
Target Spread
SugarNYF has a target spread of 3 pips/points
Minimum Contract Size and Increment
The minimum number of contracts per click (trade) for SugarNYF is 5 and in the increment of 5.
Max Contract Size
The maximum number of contracts per click (trade) for SugarNYF is 5000.
Minimum Pip Cost (Value)
SugarNYF has a minimum value of $0.10 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 in the diagram. Each 0.01 price movement on SugarNYF is 1 pip/point.
Number of FXCM Contracts to Equal 1 Future
112 FXCM SugarNYF contracts are currently equivalent to one Sugar-New York No. 11 (Raw) Future.
Other Information
SugarNYF has no financing cost (Rollover).
There is no minimum stop distance.