Kamis, 25 April 2013

Monex Investindo Futures

A. Welcome to Monex

PT Monex Investindo Futures was established in 2000 and is currently one of the biggest financial brokerage company in Indonesia. We provide a range of various trading products that can be executed in a very competitive spread, including Foreign Exchange, Stock Index and Commodity.
PT Monex Investindo Futures is also a subsidiary company of Ravindo, a group widely known for its business activities in financial services, manufacturing, mining, property and international trading.
PT Monex Investindo Futures' business is recognized by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi – Commodity Futures Trading Regulatory Agency) under permission number: 178/BAPPEBTI/SI/I/2003 and we are also a member of :
  1. BBJ (Bursa Berjangka Jakarta) License No: SPAB/044/BBJ/03/02.
  2. KBI (Kliring Berjangka Indonesia) License No: 14/AK-KBI/III/2003.
  3. ICDX-SPAB No: 010/SPKB/ICDX/Dir/III/2010
  4. Kliring ISI No 003/SPKK/ISI-MIF/V/2010
PT Monex Investindo Futures maintains its values of professionalism, education and quality service in accordance with international standards, and are supported by professionals with extensive experience in the futures business. By providing quality service and timely information, we are determined to maintain a high level of customer satisfaction. Our mission is highly-implemented in order to meet our main commitment of becoming 'Your No.1 Financial Partner'.

B. Trading Products

1. Forex & Commodities

Forex has the largest and most liquid market in the world today. The Forex trading turnover value is equivalent to approximately $ 4.0 trillion, which is three times larger than the average for stock and bond markets combined. The Forex market operates 24 hours a day and has transactions though a global network of banks, ranging from Asia, Europe and America. There is no centralized exchange for Forex, which means that the foreign exchange market is an over-the-counter market or decentralized financial market. Traders take advantage of Forex trading by speculating the relative strength of one currency as against another.
The global turnover in the commodity market is substantially high as commodity trading has always been a popular instrument for most investment managers worldwide.
Commodities can be interpreted as something of physical substance. In general, commodities are divided in two, the first being commodities that are generally a result of mining such as gold, silver, oil and other commodities that have limited resources in the earth and that require high source of funds to acquire. The second are commodities that are of agricultural produce such as sugar, rice, cocoa, coffee to name a few.
Commodities are easy to understand as far as fundamentals of demand and supply are concerned. Pricing in commodities futures has been less volatile compared with equity and bonds, thus providing an efficient portfolio diversification option for traders. What makes commodities so much more interesting and risky to trade compared to stocks is the amount of leverage available to the trader. In reality, the risk of trading in the commodity market will not be more than the risk that you set yourself.

a. Foreign Exchange (FX)

The foreign exchange market (known as Forex or FX) is a global worldwide decentralized financial market for trading currencies. Currencies are important to people whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. A foreign exchange transaction can be undertaken by several types of participants around the world including individuals, institutions or governments to maintain foreign exchange reserves, optimizing international trade, hedging purposes and profit potential from price movement. 

Monex provides foreign exchange trading under the Alternative Trading System (SPA) in the forex market. It allows all kind of parties to trade with much smaller capital in a highly liquid market. You can trade major currencies as well as cross-currencies which is all available online.

The online Forex market has been designed to comply with major financial markets across the world (Tokyo, London and New York) for almost 24 hours on weekdays.

The Forex products that we offer are:
  • Euro / U.S. Dollar (EUR / USD) 
  • Pound Sterling / U.S. Dollar (GBP / USD) 
  • U.S. Dollar / Yen (USD / JPY) 
  • U.S. Dollar / Swiss Franc (USD / CHF) 
  • Australian Dollar / U.S. Dollar (AUD / USD) 
  • Euro / Pound (EUR / GBP) 
  • Euro / Yen (USD / JPY) 
  • Pounds / Yen (GBP / JPY) 
  • Swiss Franc / Yen (USD / JPY) 
  • Australian Dollar / Yen (USD / JPY)   
Advantages
  • Large number of market participants with the largest transaction volume compared to other financial products
  • Very liquid with instant execution for both buy and sell orders
  • Market open for almost 24 hours on weekdays
  • Very tight spreads and competitive pricing
  • The ability to sell currencies without obligation to buy in advance (short sell)
  • No time limit applied for holding positions for both long and short positions
  • Amount of capital required to participate is only 1% of the actual contract value
  • Online trading via Monex Trader platform
Illustration

Contract Size: 100,000/ lot

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract Size x Lot
 Assuming that you are expecting the euro to strengthen against USD, you buy 2 lots of EUR/USD at 1.4000. The Euro actually strengthens against USD during the same day and you liquidate your position at the price of 1.4100.
Your profit or loss will be calculated as per below:
= (1.4100 - 1.4000) x 100,000 x 2 lot = $2,000

* * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

b. Gold (XAU)

Gold is one of the most popular commodities for investment or trading purposes. Investors typically buy gold to hedge themselves against inflation or as safe haven during times of economical, political or social unrest. Gold trading can be executed under the Alternative Trading System (SPA) on Loco London market. Its contract size is worth 100 troy ounces or equal to 3110.35 grams (3.1 kg) whilst no requirement for any physical delivery is required for settlement.

Advantages
  • No delivery and storage fees required
  • Standard contract size: 100 troy ounces
  • Low spread
  • High liquidity with instant execution for both buy and sell orders
  • Short selling on bearish market is allowed
  • Market open for almost 24 hours on weekdays
  • Low margin requirement, which can significantly enhance Return on Investment (ROI)
  • Online trading via Monex Trader platform
Illustration

Contract Size: 100 troy ounces/ lot

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract Size x Lot
Assuming that you are expecting the price of gold to strengthen against the US Dollar, you buy 2 lots of XAU / USD at $1.200. The gold price actually strengthens against USD during the day and you liquidate the position at the price of $1.215.
= (1,215 – 1,200) x 100 x 2 = $3,000

* * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

c. Silver (XAG)

Silver is another product which has gained popularity over the years and offered by Monex which is traded under Alternative Trading System (SPA) on Loco London market. It trades on a standard contract size of 5,000 troy ounces with no requirement for physical delivery.

Advantages
  • No delivery and storage fees required
  • Standard contracts: 5.000 troy ounces
  • Low spread
  • High liquidity with instant execution for both buy and sell orders
  • Short selling on bearish market is allowed
  • Market open for almost 24 hours on weekdays
  • Low margin requirement, which can significantly enhance your Return on Investment (ROI)
  • Online trading via Monex Trader platform
Illustration

Contract size: 5,000 troy ounces/ lot

Profit/Loss Calculation:
= (Selling Price  Buying Price) x Contract Size x Lot

Assuming that you are expecting the price of silver to weaken against the US Dollar, you sell 2 lots of XAG / USD at $29.20 and during the day, the price of silver drops and you liquidate your position at the price of $28.60
= (29.20 – 28.60) x 5,000 x 2 = $6,000

* * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions please download product specification, trading rules or apply for demo account.

d. Crude Oil (CO-LS)

Crude oil futures are among the most popular and widely watched future markets. There isn’t a day without the mention of crude oil prices on television, in newspapers or magazine. Crude oil futures are traded under the Alternative Trading System (SPA) on the New York Mercantile Exchange (NYMEX) market. The standard contract size is denominated in 1,000 barrels and does not require any physical settlement.

Advantages
  • No delivery and storage fees required
  • Standard contract size: 1000 barrels
  • Minimum Lot size: 0.1 Lot
  • Low spread
  • High liquidity with instant execution for both buy and sell orders
  • Short selling on bearish market is allowed
  • Market open for almost 24 hours on weekdays
  • Low margins requirement, which can significantly enhance your Return on Investment (ROI)
  • Online trading via Monex Trader platform
Illustration

Contract Size: -1,000 troy ounces/ lot (CSL10)
                         -500 troy ounce/ lot (CLS5)

Proft/Loss Calculation:
= (Selling Price – Buying Price) x Contract Size x Lot
Assuming that you are expecting the price of crude oil to rise against USD, you buy 1 lot of CSL10/USD at $96.00 During the day, the price of crude oil actually rises and you liquidate your position at the price of $99.00
= (99,00 – 96,00) x 1,000 x 1 = $3,000*

* * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.


2. Stock Indices

The stock index is a combination of the leading stocks from various sectors. The stock index is a benchmark of the performance of the capital market in a country. For example, Indonesia's Stock Index is JCI (Jakarta Stock Exchange Composite Index). Stock index are traded in the form of contracts (futures).

Stock Index Products we offer are:
  • Japanese Stock Index - Nikkei 225
  • Hong Kong Stock Index Hong Kong - Hang Seng
  • Korean Stock Index - KOSPI
Benefits of Trading on Stock Indices include:
  • Opportunities to trade in both directions (Buy or Sell)
  • No charge overnight (interest)
  • Capital required is relatively smaller than the actual value of the transaction
  • High Liquidity
Advantages of transacting with us:
  • Trading with online facility through our platform using MetaTrader
  • Real-Time Price in accordance with the price of interbank
  • Dedicated research team providing reports on market analysis
  • Our Education team is ready to provide assistance to make customers more confident
  • We ensure capital security by providing  segregated accounts for our clients and ensure that customer data is kept confidential

a. Asian Stock Indices

Monex provides its clients with a wide range of stock indices which include the Nikkei 225, Hang Seng and KOSPI 200. The Nikkei 225 is a stock market index for the Tokyo Stock Exchange (TSE), which incorporates 225 major companies. The Hang Seng Index (HSI) is the primary stock index of HKEX (Hong Kong Exchanges and Clearing) and comprises of 45 major companies. Another very popular index has been the KOSPI 200 which has become one of the most active futures in the world which consists of 200 companies and is traded on the Korea Stock Exchange. The futures contract for all the three indices is traded under Alternative Trading System (SPA) which allows participants to trade with much smaller capital in very liquid market. Below are the brief specifications of the three major Asian stock indices: contracts:

Japan Stock Index: Nikkei 225 Hong Kong Stock Index: Hang Seng Korea Stock Index: KOSPI 200
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: $5; Rp. 50.000,- and Rp.30.000,-
  • Spread: 5 pips
  • Trading Period: Jan - Dec (per month)
  • Size per point: $5 and Rp.50.000,-
  • Spread: 5 pip
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: $5 and Rp.35.000,-
  • Spread: 5 pip
Advantages
  • Less capital investment required as there is no need to purchase a mutual fund or a barrage of stocks
  • The ability to short sell
  • High liquidity with instant execution for both buy and sell orders
  • An ideal means for portfolio diversification and hedging purpose
  • Lower volatility and more stable in comparison to individual stocks
  • Online trading via Monex Trader platform
Illustration

Assume that you are expecting the price of Hang Seng to fall. the Hang Seng Index is currently at 21,800. Hence you sell 1 lot of index at 21,800. The index actually falls you liquidate your position at the price of 21.700.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Size per point x Lot
= (21,800 – 21,700) x $5 x 1 = $500*

* * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

b. United States Stock Indices

The three major stock indices of the United States are the Dow Jones Industrial Average (DJIA), NASDAQ 100 and S&P 500. The DJIA represents an average of 30 largest and go-public companies. A larger basket of stock index is the S&P 500 which is based on 500 large capitalization companies and provides an accurate proxy for a diversified equity portfolio. The NASDAQ (National Association of Dealers Automated Quotations System) comprises 100 of the largest domestic, non-financial common stocks listed on the NASDAQ Stock Market.
The futures contract is traded under Alternative Trading System (SPA) which allows all parties to getting involved and making deals in the market with much smaller capital, amidst high liquidity environment
Dow (DJC5UD)
NASDAQ (NQC20UD) S&P (SPC50UD)
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: $5
  • Spread: 10 pip
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: $20
  • Spread: 200 pip
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: $50
  • Spread: 100 pip
Advantages
  • Less capital investment required as there is no need to purchase a mutual fund or a barrage of stocks
  • The ability to short sell
  • High liquidity with instant execution for both buy and sell orders
  • An ideal means for portfolio diversification and hedging purpose
  • Lower volatility and more stable in comparison to individual stocks
  • Online trading via Monex Trader platform
Illustration 
Assuming that you are expecting the Dow Jones Industrial Average (DJIA) to rise therefore you decided to buy 1 lot of DJIA (DJC5UD) at 11,000. A month later, the DJIA actually rises and you succeeded to liquidate your position at 11,200.

Profit/Loss Calculation
= (Selling Price – Buying Price) x Size per point x Lot
= (11,200 – 11,000) x $5 x 1 = $1,000*

* * * The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

c. European Stock Indices

European stock indices have gained more attention over the years as developments in Europe tend to have a global impact and London as the financial hub of the world. The European stock indices provided by Monex are the FTSE100 and the DAX futures which are traded under the Alternative Trading System (SPA). The FTSE100 index is a share index of 100 most highly capitalized UK companies listed on the London Stock Exchange (LSE) and the DAX German stock index is a blue chip stock market index consisting of 30 major German companies trading on the Frankfurt Stock Exchange. The futures trading enable participants to execute transactions with a much smaller capital in very liquid market.
FTSE100 (FTC10UD)DAX30 (DXC25UD)
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: £ 5
  • Spread: 5 pip
  • Trading Period: Mar, Jun, Sept, Dec (per 3 months)
  • Size per point: 25
  • Spread: 2.5 pip



Advantages
  • Less capital investment required as there is no need to purchase a mutual fund or a barrage of stocks
  • The ability to short sell
  • High liquidity with instant execution for both buy and sell orders
  • An ideal means for portfolio diversification and hedging purpose
  • Lower volatility and more stable in comparison to individual stocks
  • Online trading via Monex Trader platform
Illustration

Assuming that you are expecting the ­FTSE100 index to strengthen, you buy 2 lots of FTC10UD at 5,800. The price actually rises the next day and therefore you liquidate your position at the price of 5,900.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Size per point x Lot
= (5,900 – 5,800) x £10 x 2 = £2,000*

If in that moment the rate of GBP/USD is at 1.5950, then you will have $ 3,190 profit credited in your account. 
** The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specificationtrading rules or apply for demo account.

3. CFD

CFD which stands for Contract For Difference, was first launched in the early 1990’s in the United Kingdom. They are derivative and leveraged (margined) products that allow investors to take all benefit and risk of an underlying asset without actually owning it.
Traders have the opportunity to trade these instruments to profit from rising or falling markets on margin. It allows traders to take positions on a broad range of markets giving exposure to different markets at low costs.

CFD Stocks offered by us:
  • Japan Stock CFD
  • Hong Kong Stock CFD
  • United States Stock CFD
As mentioned above, CFDs are leveraged products, enabling one to trade by paying just a small fraction of the total value of the contract. Features of CFD’s include high liquidity and the ability to sell short as well. The impact is greater advantage of the real stock trading. Trading with margin is also referred to by the term gearing.


a. Japan Stock CFD

Individual Japanese stocks can also be traded using the derivative concept under Alternative Trading System (SPA). The CFD shares consists of blue-chip stocks of major companies listed in Japan Stock Exchange which include Sony, Toyota, Yamaha, Toshiba and many more. With the opportunity to leverage, traders or investors can execute their transactions with less capital in a highly liquid market.

Advantages
  • Initial margin of only 10% to secure a trade
  • Ability to go short. Traders can profit in both a bullish as well as a bearish market
  • No expiry Date
  • Ability to place orders just like in ordinary stock markets with a full range of orders to be placed
  • Low commission and spreads
  • Holders of long CFD positions stand to gain on dividends if and when they are distributed
  • High liquidity with instant execution on both buy and sell orders 
  • Online trading with Monex Trader platform
Illustration

1 lot in CFD = 1 Shares

Assuming that you are expecting the share price of Sony Corp to rise, you buy 2,000 shares of Sony Corp at ¥1,130. Over the next few days, the share price of Sony Corp actually rises and you liquidate your position at ¥1,300. 

Profit/Loss Calculation:
= ((Selling Price – Buying Price) x Number of shares) / rate USD/JPY
= (¥1,300 – ¥1,130) x 2,000 shares = ¥ 340,000
= ¥ 340,000/ 77.50 = $ 4,387.09*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

b. Hong Kong Stock CFD

Individual Hong Kong CFD shares are traded within the derivative contracts under the Alternative Trading System (SPA). These consist of blue-chips company shares such as: HSBC, Cathay, Bank of China, China Mobile and many more. With the opportunity to leverage, traders or investors can execute their transactions with less capital in a highly liquid market.

Advantages
  • Initial margin of only 10% to secure a trade
  • Ability to go short. Traders can profit in both a bullish as well as a bearish market
  • No expiry Date
  • Ability to place orders just like in ordinary stock markets with a full range of orders to be placed
  • Low commission and spreads
  • Holders of long CFD positions stand to gain on dividends if and when they are distributed
  • High liquidity with instant execution on both buy and sell orders
  • Online trading with Monex Trader platform
Illustration
1 lot = 1 share 
Assuming that you are expecting the share price of HSBC-HK to fall, you sell 1,500 shares at the price of HK$65.00. Few weeks later, the share price of HSBC-HK actually falls and you liquidate your position at HK$61.00.
Profit/Loss Calculation:
= ((Selling Price – Buying Price) x Number of shares) / rate USD/HKD 
= (HK$65.00 – HK$61.00) x 1,500 shares = HK$ 6,000
= HK$ 6,000/ 7.7500 = $ 774.19*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

c. United States Stock CFD

Monex offers individual U.S. shares which are traded within the derivative contract under the Alternative Trading System (SPA). The CFD shares provided consists of blue-chips companies listed under NYMEX and NASDAQ such as Apple, Citigroup, Google, Boeing, MC Donald’s and Coca-cola which are internationally recognized.  With the opportunity to leverage, traders or investors can execute their transactions with less capital in a highly liquid market.

Advantages
  • Initial margin of only 10% to secure a trade
  • Ability to go short. Traders can profit in both a bullish as well as a bearish market
  • No expiry Date
  • Ability to place orders just like in ordinary stock markets with a full range of orders to be placed
  • Low commission and spreads
  • Holders of long CFD positions stand to gain on dividends if and when they are distributed
  • High liquidity with instant execution on both buy and sell orders
Illustration

1 Lot is equal to 1 shares 
Assuming that you are expecting the shares of Citigroup to rise, you buy 1000 shares of Citigroup at the price of US $30.00. The CFD share price actually rises and you decide to liquidate your position at US $33.00

Profit/Loss Calculation
= (Selling Price – Buying Price) x Number of shares
= (33.00 – 30.00) x 1,000 shares = $ 3,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

4. Multilateral Commodities

Indonesia is a country that has been blessed with abundant natural resources, and over the years there has been a significant increase in the global demands for Indonesian commodity goods. There has been an increasing flow of funds into Asia and in particular Indonesia which has made the country an important trade region for many years. There is still a tremendous potential for developing the commodity futures market and increasing the volume of physical transactions further.
JFX (Jakarta Futures Exchange) and ICDX (Indonesia Commodity & Derivatives Exchange) aims to develop the market further by providing a more dynamic, transparent and liquid commodities market through a multilateral trading mechanism.

Multilateral Trading allows multiple market participants to buy and sell financial instruments within an exchange remotely through electronic means.

Monex provides a wide range of Multilateral Commodities:
Through JFX including:
  • Gold – Physical Holding (GOL & GOL250)
  • Rolling Gold Index (KIE)
  • Rolling Gold (KGE)
  • USD Based Rolling Gold (KGEUSD)
  • Olein (OLE & OLE10)

Through ICDX including:
  • Gold – Physical Holding (GOLDGR)
  • Gold - Loco (GOLDUD GOLDID)
  • Palm Oil (CPOTR)
  • Olein (OLEINTR)

a. JFX

i. Continuous Gold Index (KIE)

KIE is a contract of gold index which has a similar price movement to the Indonesian Rupiah. This product is multilaterally traded on the Bursa Berjangka Jakarta and has the flexibility to roll over positions into the next contract month.
Advantages
  • Standard contract
  • Similar price movement with Indonesian Rupiah
  • Online trading via internet
  • Can rollover position to the next contract month
Illustration

Contract Size: Rp. 10.0000/ Unit Index
Assuming that you expect the price of KIE to rise and you buy 5 lots of KIE at the price of 8,600. The next day, the price of KIE actually rises and you liquidate your position at 8,700.
Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (Rp 8.700 – Rp 8.600) x 10.000 x 5 = Rp 5.000.000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

ii. Continuous Gold Contract (KGE)

KGE is a type of gold contract traded on the Bursa Berjangka Jakarta (BBJ). Its index point is calculated based on the settlement price of Gold Rolling Contract with the gold price of physical Loco London gold. The contract size is worth 1 kg and quoted in Indonesian Rupiah. KGE is not limited by day trading settlement and does not require any physical delivery on its settlement date.

Advantages
  • No storage and delivery fees required
  • Low margin
  • Short selling on bearish market
  • Trading hours between 7.00 to 17.30 WIB
  • Transparent pricing
  • Online trading via internet
Illustration

Contract Size: 1 kg (1.000 grams)/lot

Assuming that you expect the price of KGE to rise, you buy 1 lot of KGE today at the price of Rp 390.000. The next day, the price actually rises and you liquidate your position at RP 400.000.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (Rp 400.000 – Rp 390.000) x 1.000 x 1 = Rp 10.000.000,-*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

iii. Rolling Contract of Gold USD

This type of gold refers to US Dollar denominated gold contracts which are multilaterally traded on the Bursa Berjangka Jakarta (BBJ). Its index point is calculated from the settlement price of the Gold Rolling Contract with the gold price from the physical Loco London market. The Rolling contract of Gold-USD does is not limited by day trading settlement and does not require physical delivery on its settlement date.
KGE/USD: A type of rolling contract which is worth 100 troy ounce per lot. Both the margin requirement and cash settlement are calculated using USD floating rate.
GU1H10: A type of rolling contract which is worth 100 troy ounce per lot. Both the margin requirement and cash settlement capital are calculated using a fixed USD rate Rp. 10.000,-.
GU1TF: A type of rolling which is worth 10 troy ounces per lot. Both the margin requirement and cash settlement are calculated using USD floating rate.

Advantages
  • No storage and delivery fees required
  • Low margin
  • Short selling on bearish market
  • Transparent pricing as displayed on Bursa Berjangka Jakarta
  • Online trading via internet
Illustration

Assuming that you expect the price of KGE/USD to rise, you buy 2 lots of KGE/USD (contract size 100 troy ounce) at $1,500. The price actually rises the next day and you liquidate your position at $1,505.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (1,505.00 – 1,500.00) x 100 x 2 = $1,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

iv. Olein (OLE & OLE10)

Olein is a derivative product of Crude Palm Oil commodity which is multilaterally traded on the Bursa Berjangka Jakarta (BBJ). There are two types of contract sizes: 20 tons and 10 tons per lot.
Olein transaction can be executed through the internet. The price per 1 kilogram is denominated in Indonesian Rupiah and the contract periods are up to 6 months forward.

Advantages
  • Physical-based olein Trading
  • Real-time prices applied
  • Relatively small margin requirement
  • 2 types of contract size are available: 20 tons (OLE) and 10 tons (OLE10)
Illustration

OLE per lot = 20.000 kg (20 Tons)
OLE10 per lot = 10.000 kg (10 Tons)
6-month contract is available

Assuming that you expect the price of Olein (OLE) to rise, you buy OLE at the price of Rp 7,500/kg. The price actually rises the next day and you liquidate your position at Rp 8,000/kg

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot)
= (Rp 8.000 – Rp 7.500) x 20.000 x 2 = Rp 20.000.000*,-

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

b. ICDX 

 i. Gold-Physical Gram Rupiah (GOLDGR)

Another type of physical gold product available is the GOLDGR sized 100 gram with a purity level of 99,99%. GOLDGR is multilaterally traded, yet integrated into the Commodity and Derivative Exchange of Indonesia (BKDI/ ICDX). 
Future-based GOLDGR is traded in Indonesian Rupiah and is executed online via the J-Trader platform. Its settlement process can be done with cash buy physical delivery is essential.

Advantages
  • Standard contract 100 grams of gold bullion
  • Gold purity of (9999) guaranteed by PT Aneka Tambang (ANTAM)
  •  Transparent pricing as displayed on the Commodity and Derivate Exchange of Indonesia (BKDI/ ICDX)
  • Short selling on bearish market
  • Relatively small capital needed, since it is using margin system
  • Online Trading via J-Trader, trading anytime and anywhere
Illustration

1 lot GOLDGR = 100 grams standard gold of 9999
Available on a 3 months contract basis

Assuming that you expect the price of GOLDGR to rise, you buy 5 lots of GOLDGR contract for June delivery in April at the price of Rp. 400.000. The price actually rises to Rp. 450.000 and in the month of May, you liquidate your position at Rp. 450.000
Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (Rp 450.000 – Rp 400.000) x 100 x 5 = Rp 25.000.000,-

On the contrary, if the price of GOLDGR drops to Rp. 350.000, you will suffer a loss. Nevertheless, you should not have too much of a concern since the GOLDGR product is a physical-based asset. You still hold the bullion in your portfolio.  
Each lot is worth 100 grams of high quality gold bullion with purity level of 99,99% as standardized by ANTAM and international market. You may keep the gold you bought as ‘safe haven asset’, while still having the opportunity to sell it in the market when it reaches a favorable price.

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

ii. Loco Gold (GOLDUD GOLDID)

GOLDUD  and GOLDID are two types of rolling contract of Loco London Gold, multilaterally traded on the Commodity and Derivative Exchange of Indonesia  known as BKDI and ICDX.
GOLDUD is a contract worth 10 troy ounce of Loco London Gold.  Both the margin requirement and cash settlement are calculated using floating rate of US dollar (USD).
While GOLDID is a contract worth 10 troy ounce of Loco London Gold, both the margin requirement and cash settlement are calculated using fixed rate Rupiah conversion of Rp 10.000,-.
Advantages
  • No storage and delivery fees required
  • Contract standard worth 10 troy ounce/ lot
  • Capital margin and settlement can be converted to either USD or Rupiah
  • Short selling on bearish market
  • Lower margins, which  significantly increases the  Return on Investment (ROI)
  • Online trading for GOLDUD & GOLDID via J-Trader platform.
Illustration

1 lot GOLDUD & GOLDID = 10 troy ounce

Assuming that you are expecting the price of GOLDUD to appreciate, you buy 2 lots of GOLDUD at the price of $1,500. The price actually rises the next day and you liquidate your position at $1,510.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot)
= (1,510 – 1,500) x 10 x 2 = $200 (floating)
If at that time you are buying GOLDID product, then the result would be converted against the fixed rate Rp 10.000,-.
= $200 x Rp. 10.000,- = Rp. 2.000.000,-*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

iii. Crude Palm Oil (CPOTR)

The Crude Palm Oil (CPO) contract multilaterally traded on the Indonesian Commodity and Derivative Exchange (BKDI/ICDX) has a per contract size equal to 10 tons. 
Its trading prices are based on benchmark price per kilogram as displayed in BKDI and denominated in Indonesian Rupiah. The price are obtained from CPO prices FOB (Free on Board) as traded in Pelabuhan Dumai and Belawan.  
CPOTR transactions can be executed through the internet via J-Trader platform. The nearest contract base is available for 3 months and settlement can be done either by cash or physical delivery.

Advantages
  • Online trading of physical CPO
  • Transparent real-time pricing
  • Low spread
  • Small margin requirement
  • High liquidity environment
Illustration

1 lot CPOTR = 10.000kg (10 Metric Tons)
Available in nearest 3 months contract

Assuming that you are expecting for CPOTR price to rise you buy 2 lots of CPOTR at the price of 8,500/kg. The price actually rises the next day and you liquidate your position at Rp. 8,600/kg.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (8.600 – 8.500) x 10.000 x 2 = Rp. 2.000.000*,-

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.

iv. Olein (OLEINTR)

Olein Ton Rupiah (OLEINTR) is a derivative product of crude palm oil (CPO) which is commonly used as cooking oil. OLEINTR is multilaterally traded on the Indonesian Commodity and Derivatives Exchange (BKDI/ICDX) with size per contract equal to 10 metric tons.
The OLEINTR prices traded in BKDI are obtained from price per kilogram of settlement price in Jakarta, Surabaya and Semarang.
Trading can be executed through the internet via J-Trader platform. The nearest contract base is available for 3 months and its settlement process can be done wither by cash settlement or physical delivery.

Advantages
  • Online trading of physical OLEINTR
  • Transparent real-time pricing
  • Low spread
  • Small margin requirement
  • High liquidity environment
Illustration

1 lot OLEINTR = 10.000kg (10 Metric Tons)
Available in nearest 3 months contract

Assuming that you expect the price of OLEINTR to rise, you buy 2 lots of OLEINTR at the price of 8.500/kg. The price actually rises the next day and you liquidate your position at Rp. 8.600/kg.

Profit/Loss Calculation:
= (Selling Price – Buying Price) x Contract size x Lot
= (8.600 – 8.500) x 10.000 x 2 = Rp. 2.000.000*,-

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement. For further descriptions, please download product specification, trading rules or apply for demo account.


C. General Disclaimer

Any information provided within this website in relation to products and services by PT Monex Investindo Futures is for informational purposes only.
PT. Monex Investindo Futures cannot guarantee the accuracy of all information or analysis.
PT. Monex Investindo Futures shall not responsible to any liability or loss directly or indirectly to any party or to any customer resulted from the use of any information from this website.
PT. Monex Investindo Futures will ask personal information to prospective clients who will apply for demo or live account. PT. Monex Investindo Futures and its employees are under obligation to keep all those information confidentially and shall not be given to any third party.
However in certain cases, PT Monex Investindo Futures will provide those information to public authorities if required by law.

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