The SPIMEX Derivatives Market starts to accept futures spread orders

For the attention of Trading Participants registered with the SPIMEX Derivatives Market 
With effect from 15 May 2017, the SPIMEX Derivatives Market will start to accept spread orders for execution of the following pairs of the SPIMEX Urals Crude Futures: front month / next month. 
This means that starting from 15 May 2017 Trading Participants registered with the SPIMEX Derivatives Market will be able by a single click to establish a calendar spread order for execution of SPIMEX July 2017 Urals Crude Future (trading symbol: U77) and SPIMEX August 2017 Urals Crude Future (trading symbol: U87). 
A filled spread order results in simultaneous execution of two futures contracts on one and the same underlying commodity for two different delivery months. The price set in the spread order is the difference (spread) between the prices for the relevant futures contracts. For example, a spread buy order will result in the sale of a closer contract month and purchase of a more distant contract month.  
In particular, spread orders are convenient in case of a roll-over of futures positions. In the opinion of SPIMEX, such new opportunities will make the Urals futures market even more convenient and attractive for market participants.


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