ODL Securities has recently added some additional products to their MetaTrader 4 FX platform.
ODL Securities has recently added some additional products to their MetaTrader 4 FX platform. Customers can now trade ODL Securities own rolling spot oil contract. This is an OTC contract ¼ of the size of the standard ICE Brent future and can be traded between 09.15 and 19.30 London time. Margin requirements are 1%, the contract size is 250 barrels and the tick size is $2.50.
The contract is rolled on a monthly basis at the settlement of the front spread of the ICE Brent contract at the day before expiry. This mini contract facilitates the participation in the movement of Brent without the need to pay exchange and clearing fees. In the near future ODL plans to offer similar contracts in WTI, Heating Oil, RBOB and Gas Oil. <br />