myAccount
Investment Products
Global Futures
Trading Information
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Existing clients |
| Existing clients of First Shanghai intending to trade global futures are required to sign and return the Risk Disclosure Statement for Commodities and Derivatives Products and Securities Law Disclaimer to your account executive or post it to our Settlement Department, the address is: 19/F, Wing On House, 71 Des Voeux Road Central, Central, Hong Kong | |
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Opening position |
| ■ To open a new position, clients must have sufficient fund fulfilling the corresponding initial margin requirements. |
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| ■ If client's account does not possess sufficient fund of the settlement currency when opening a new position, First Shanghai reserves the right to convert currency on client's behalf without giving prior notice. |
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| ■ Please refer to fees and margin for details. The margin requirements can be changed without prior notice. |
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| ■ During the trading hours specified by corresponding products, clients can trade global futures via our online futures trading system First Shanghai SP Trader or the order placement hotline (852) 2532 1988 / 400 882 1088 (toll free). Orders placed outside trading hours will be rejected by the system or relevant exchange, with message “Transaction aborted. Illegal transaction at this time”. |
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| ■ When placing order by phone, clients are required to state detailed information including product name, buy/sell, month, quantity, price, name of exchange and order type. We will check client's identity including account number, client name and ID number. |
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Margin calculation |
| ■ Global futures are settled in foreign currency. | |
| ■ First Shanghai's margin requirements are based on information provided by relevant exchanges. |
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| ■ Clients can convert currencies in their accounts anytime by returning the completed Currency Conversion Form to our Settlement Department, fax no. (852) 2537 6911. |
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Closing position |
| ■ All closing contracts will be squared on a first-in first-out basis. | |
| ■ Clients can withdraw cash balance in their accounts on the trading day that follows. | |
| ■ First Shanghai does not provide physical delivery service. Clients are required to close their positions on or before the first trading day immediately preceding the Last Trading Day set by First Shanghai as stated in our website, otherwise First Shanghai will liquidate clients' positions without First Shanghai's reaching the client. |
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| ■ First Shanghai may liquidate Client Account's positions without giving prior notice under several circumstances described in the Client Account Agreement. In normal circumstances, when net equity value of a futures position falls below the maintenance margin level, First Shanghai will make a margin call to the Client for a specified amount of further margin deposit. If the margin call is not met for whatever reasons, First Shanghai may liquidate the Client Account's position at our discretion. Please be aware that liquidation may be carried out without First Shanghai's reaching the Client, especially when a market fluctuates quickly. |
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Last Trading Day |
| ■ Last Trading Day listed on this website is set by First Shanghai. | |
| ■ As First Shanghai does not provide physical delivery service, clients are required to close their positions on or before the first trading day immediately preceding the last trading day set by First Shanghai as specified in this website. |
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Trading hours |
| ■ Clients can trade during the trading hours specified by corresponding products. Orders placed outside trading hours will be rejected by the system or relevant exchange, with a message “transaction aborted. Illegal transaction at this time” |
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| ■ Except for specific time limit orders or program orders, orders placed on a trade day will stay valid until the end of the trading session. |