FOREIGN EXCHANGE AND GOLD ON-LINE TRADING REGULATIONS
I. CONTRACT CODES AND SYMBOLS
- Base Currency Codes (First, Second, and Third Character)
AUD Australian Dollar, on currency contracts AUDUSD, AUDJPY
EUR Euro, on currency contracts EURUSD, EURGBP, EURJPY
GBP Great Britain Poundsterling, on currency contracts GBPUSD, GBPJPY
CHF Franc Swiss, on currency contracts CHFJPY
XAU Gold
- Quote Currency Codes (Fourth, Fifth, and Sixth Character)
CHF Franc Swiss, on currency contracts USDCHF
JPY Japan Yen, on currency contracts AUDJPY, CHFJPY, EURJPY, GBPJPY, USDJPY
GBP Great Britain Poundsterling, on currency contracts EURGBP
- Contract Size Codes (Seventh Character)
Contract Size = 100,000 (Major and Cross Currency)
Contract Size = 100 troy ounce (XAUUSD)
Major Currency
AUDUSD EURUSD GBPUSD USDCHF USDJPY.
Cross Currency
AUDJPY CHFJPY EURGBP EURJPY GBPJPY.
Gold
XAUUSD.
II. LOGIN AND PASSWORD
A unique set of Login, Master Password, and Investor Password will be given to each client. Login and Master Password are used to access Yutaka Trader 4 Client Terminal and execute transactions. Login and Investor Password are used for monitoring purposes only. Login changes are not permitted. Changes are only applicable to Master Password and Investor Password.
ATTENTION
Master Password and Phone Password must be changed on client’s first access to Yutaka Trader 4 Client Terminal. For security reasons, Master Password and Phone Password are suggested to be changed periodically. Yutaka Century Realtime Pte Ltd does not take any responsibility in any event nor dispute of which caused by the clients’ inability to secure their own Logins, Master Passwords, and Phone Passwords.
III. TRADING SESSIONS
- Summer Monday 00.05 - Saturday 22.30
- Winter Monday 00.05 - Saturday 23.30
Yutaka Trader 4 Client Terminal uses GMT+2 Time Zone. Foreign Exchange (Forex) and Gold markets are closed on 1st of January. Additional holiday will be announced at least 1 (one) day in precedence of the corresponding holiday.
IV. SPREAD
Major Currency
AUDUSD = 3 (three) pips
EURUSD = 3 (three) pips
GBPUSD = 3 (three) pips
USDCHF = 3 (three) pips
USDJPY = 3 (three) pips
Cross Currency
AUDJPY = 6 (six) pips
CHFJPY = 5 (five) pips
EURGBP = 4 (four) pips
EURJPY = 3 (three) pips
GBPJPY = 8 (eight) pips
Gold
XAUUSD = 0.60 USD
Note:
Spread for Forex and Gold are subject to change specially during Hectic Market.
V. MARGIN DEPOSIT
Minimum Margin Deposit = USD 200 (Two Hundred US Dollar).
VI. MARGIN REQUIREMENT
Major Currency
AUDUSD = USD 100 (One Hundred USDollar)
EURUSD = USD 100 (One Hundred USDollar)
GBPUSD = USD 100 (One Hundred USDollar)
USDCHF = USD 100 (One Hundred USDollar)
USDJPY = USD 100 (One Hundred USDollar)
Cross Currency
AUDJPY = USD 100 (One Hundred US Dollar)
CHFJPY = USD 100 (One Hundred US Dollar)
EURGBP = USD 150 (One Hundred Fifty USDollar)
EURJPY = USD 100 (One Hundred US Dollar)
GBPJPY = USD 100 (One Hundred US Dollar)
Gold
XAUUSD = USD 100 (One Hundred US Dollar)
Overnight Trading Terms: Equity > Margin
• If Equity < Margin and Open Positions > 1 (one) lot, then Open Positions will be closed, starting from the trade with highest loss, until Equity ? Margin.
• If Equity < Margin and Open Position = 1 (one) lot, then Open Position will be closed. VII. COMMISSION Commissions will be charged per lot settled on open.
VII. INTEREST RATE
Interest Rate will be charged, and are subject to change, depending on each corresponding currency rate movement. IX. MAXIMUM VOLUME Maximum volume per trade = 20 (twenty) lots.
VIII. TAKE PROFIT (TP), STOP LOSS (SL), AND PENDING ORDERS
Maximum volume per Take Profit (TP), Stop Loss (SL), and Pending Order = 20 (twenty) lots. Take Profit (TP), Stop Loss (SL), and Pending Orders are accepted on Yutaka Trader 4 Client Terminal when the minimum price differences between the requested price and the current Yutaka Trader 4 Server’s running price are equal to 10 pips or more. TP, SL, and Pending Orders will become Market Orders (done) when Yutaka Trader 4 Server’s running prices equal to or better than the requested prices. Bid Prices will be matched with Sell/Short Orders. Ask Prices will be matched with Buy/Long Orders. TP, SL, and Pending Orders are Good ‘Till Friday (GTF). Example:
Running Price GBPUSD 1.5953/1.5956, Day-High 1. 5953
- Limit Sell 1.5953 or below ................................................................................. Done - Stop Buy 1.5956 or below ................................................................................. Done Running Price GBPUSD 1.5826/1.5829, Day-Low 1.5826
- Limit Buy 1.5829 or above ................................................................................ Done - Stop Sell 1.5826 or above ................................................................................. Done - Limit Buy 1.5828 or below ............................................................................. Not Done
*Note : Stop Buy and Stop Sell with the new position will automatically be deleted when there isnews that brings high-impact
IX. SCALPING
Scalping is not allowed. All trades (Instant Executions) must remain in the Yutaka Trader 4 System for at least 2 (two) minute, otherwise will be considered Scalping. All trades which are classified and as scalping will be cancelled and Clients will be given a penalty of Lots X Spread. New locking positions under 2 minutes are classified as scalping.
X. CHURNING
Excessive buying and selling in a client's account for the purpose of generating commissions and rebates are considered illegal transactions and can be resulted in banning of the client's account.
XI. CLOSE BY / CLOSE HEDGE
Close by/ Close hedge is not allowed
XII. WRONG QUOTE
Trades at wrong quoted prices are invalid, and will be cancelled by the system.
XIII. HIGH-LOW PRICE
The highest price during one trading day (Day-High), referring to High Bid on the same trading day. The lowest price during one trading day (Day-Low), referring to Low Bid on the same trading day.
XIV. CLOSE PRICE
Close Prices are based on:
- Summer Bid and Ask Price at 22.30
- Winter Bid and Ask Price at 23.30
Note:
Sell Open Positions will be matched with Ask/Buy (Bid + Spread) Prices. Buy Open Positions will be matched with Bid/Sell Prices.
XV. MARGIN CALL AND STOP OUT
- Margin Call : Margin Call situation is a situation when the Margin Level indicator equals to 80% (eighty percent) Margin or less (Margin Level ? 80%). Margin Level indicator can be monitored from Yutaka Trader 4 Client Terminal > Terminal user interface > Trade tab, Margin Level indicator. In order to maintain Open Positions, all Clients are suggested to make additional deposit to their Yutaka Trader 4 accounts in the event of Margin Call Situation. Please see MARGIN IN AND MARGIN OUT Section for transfer detail or contact
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for more information.
- Stop Out : Yutaka Trader 4 will automatically liquidate Open Positions when Margin Level indicator equals to 20% (twenty percent) or less (Margin Level ? 20%). When there are more then 1 Open Position, Yutaka Trader 4 will automatically liquidate open positions with most deficits prior to another. Note: All Clients must monitor their own Open Positions. Yutaka Century Realtime Pte Ltd is not obliged to send any kind of notification to any clients regarding the occurrence of Margin Call nor Stop Out.
XVI. MARGIN IN AND MARGIN OUT
- Clients are allowed to trade after all administration and financial requirements are fulfilled.
- All Margin Deposits via bank transfer must be confirmed to Yutaka Century Realtime Pte Ltd’s Accounting Department by attaching the bank transfer receipt.
- Client’s Yutaka Trader 4 Login must be stated in the bank receipt’s payment detail, otherwise the transfer will be considered invalid.
- All invalid transfers can not be claimed back.
- Margin withdrawals are done by filling the withdrawal forms.
- Withdrawn Margin will be transferred as soon as the withdrawal request is accepted by Yutaka Century Realtime Pte Ltd’s Accounting Department and confirmed by Yutaka Century Realtime Pte Ltd’s Settlement Department.
- Withdrawn Margin will be transferred to Client’s Bank Account Number, of which matches Yutaka Century Realtime Pte Ltd’s database.
THE CLIENT MUST ADHERE TO THE FOREGOING TRADING REGULATIONS AT ALL TIMES. YUTAKA CENTURY REALTIME PTE LTD RESERVES THE RIGHT TO CHANGE THE TRADING REGULATIONS WITHOUT PRIOR NOTIFICATION TO THE CLIENT. THE EFFECTIVE VERSION OF YUTAKA CENTURY REALTIME PTE LTD'S TRADING REGULATIONS WILL BE POSTED ON YUTAKA CENTURY REALTIME PTE LTD'S WEB SITE, AND ANY CHANGES IN THE TRADING REGULATIONS SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING OF THE VERSION OF THE TRADING REGULATIONS CONTAINING SUCH CHANGES. ANY QUESTIONS THE CLIENT MAY HAVE REGARDING THE TRADING REGULATIONS CONTAINED HEREIN OR ANY CHANGES THAT MAY BE MADE HERETO SHOULD BE DIRECTED TO
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.
Important Notes:
• In case of any fault in pricing process, typing errors, entering errors and quoting errors through the Internet-based trading system, Yutaka Century Realtime Pte Ltd has full right to make any necessary modifications to the investor's trading account in which the mistake took place.
• Any conflicts or disputes regarding pricing or quoting process will be solved by checking the actual market prices at the specific time at which the error occurred.
• Investors should review their account statement and are responsible for reporting any mistakes found on the account within 24 hours after the issue of the statement.
• Trading account must be established for trading purposes only. PT. Yutaka Century Realtime Pte Ltd is not a bank, nor does it keep deposits as a bank. PT. Yutaka Century Realtime Pte Ltd keeps deposits only to maintain margins supporting the trading account and trading activities.
US DOLLAR STOCK INDEX FUTURES CONTRACT ON-LINE TRADING REGULATIONS
I. CONTRACT CODES AND SYMBOLS
- Stock Index Futures Contract Codes (First and Second Character)
HKJ Hang Seng Stock Index Futures Contract
JPJ Nikkei Stock Index Futures Contract
KRJ Kospi Stock Index Futures Contract
- Month Maturity Codes (Third and Fourth Character)
F Jan
G Feb
H Mar
J Apr
K May
M Jun
N Jul
Q Aug
U Sep
V Oct
X Nov
Z Dec
HKJ = 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12
JPJ = 03, 06, 09, 12
KRJ = 03, 06, 09, 12
- Base Currency Codes (Sixth, Seventh, and Eighth Character)
USD USD based Contract Multiplier (HKJ, JPJ, and KRJ)
- Contract Multiplier Codes (Ninth Character)
HKJ Contract Multiplier = USD 0.5 per point
JPJ Contract Multiplier = USD 0.5 per point
KRJ Contract Multiplier = USD 0.5 per 0.01 point
Example:
JPJ5U_U10:
JPJ = Nikkei Stock Index Futures Contract
5 = USD 0.5 per point Contract Multiplier
U = USD based contract
U10 = June - September Maturity
II. LOGIN AND PASSWORD
A unique set of Login, Master Password, and Investor Password will be given to each client. Login and Master Password are used to access Yutaka Trader 4 Client Terminal and execute transactions. Login and Investor Password are used for monitoring purposes only.
Login changes are not permitted. Changes are only applicable to Master Password and Investor Password.
ATTENTION
Master Password and Phone Password must be changed on client’s first access to Yutaka Trader 4 Client Terminal. For security reasons, Master Password and Phone Password are suggested to be changed periodically. Yutaka Century Realtime Pte Ltd does not take any responsibility in any event nor dispute of which caused by the clients’ inability to secure their own Logins, Master Passwords, and Phone Passwords.
- Hang Seng Stock Index Futures Contract (HKJ)
Monday - Friday
1st Session : 08.15 - 11.00 WIB
2nd Session : 12.00 - 15.15 WIB
- Nikkei Stock Index Futures Contract (JPJ)
Monday - Friday
1st Session : 06.45 - 13.25 WIB
2nd Session : 14.15 - 01.00 WIB
- Kospi Stock Index Futures Contract (KRJ)
Monday - Friday
07.00 - 13.05 WIB
Yutaka Trader 4 Client Terminal uses GMT+2 Time Zone.
Holidays for Stock Index Futures Contracts depend on each contract’s origin country, and will be announced at least 1 (one) day in precedence of each corresponding holiday.
IV. SPREAD
Spread for all Stock Index Futures Contracts = 5 (five) points.
Note:
Spread for all Stock Index Futures Contracts are fixed, regardless of Hectic Market.
V. MARGIN DEPOSIT
VI. MARGIN REQUIREMENT
HKJ, JPJ, and KRJ = USD 50 (Fifty US Dollar) per lot.
- Overnight Trading
HKJ, JPJ, and KRJ = USD 150 (One Hundred Fifty US Dollar) per lot.
Overnight Trading Terms: Equity > Margin
• If Equity < Margin and Open Positions > 1 (one) lot, then Open Positions will be closed, starting from the trade with highest loss, until Equity ? Margin.
• If Equity < Margin and Open Position = 1 (one) lot, then Open Position will be closed.
VII. MAXIMUM VOLUME
Maximum volume per trade = 20 (twenty) lots.
VIII. TAKE PROFIT (TP), STOP LOSS (SL), AND PENDING ORDERS
Maximum volume per Take Profit (TP), Stop Loss (SL), and Pending Order = 20 (twenty) lots.
Take Profit (TP), Stop Loss (SL), and Pending Orders are accepted on Yutaka Trader 4 Client Terminal when the minimum price differences between the requested price and the current Yutaka Trader 4 Server’s running price are:
• HKJ and JPJ = 30 (thirty) points.
• KRJ = 3.0 (three) points.
TP, SL, and Pending Orders will become Market Orders (done) when Yutaka Trader 4 Server’s running prices equal to or better than the requested prices. Bid Prices will be matched with Sell/Short Orders. Ask Prices will be matched with Buy/Long Orders. TP, SL, and Pending Orders will expire at the end of the same trading day (End of Day).
Example:
Running Price JPJ 14550/14560, Day-High 14550
- Limit Sell 14550 or below ................................................................................. Done
- Stop Buy 14560 or below ................................................................................. Done
Running Price JPJ 13550/13560, Day-Low 13550
- Limit Buy 13560 or above ................................................................................ Done
- Stop Sell 13550 or above ................................................................................. Done
- Limit Buy 13555 or below ................................................................................ Not Done
IX. SCALPING
X. CLOSE BY / CLOSE HEDGE
Close by/ Close hedge is not allowed
XI. WRONG QUOTE
XII. HIGH-LOW PRICE
The lowest price during one trading day (Day-Low), referring to Low Bid on the same trading day.
XIII. CLOSE PRICE
Close Prices are based on:
- HKJ : referring to the price at the end of Trading Session II
- JPJ : referring to the price at the end of Trading Session II
- KRJ : referring to the price at the end of Trading Session (13.05 WIB)
Sell Open Positions will be matched with Ask/Buy (Bid + Spread) Prices. Buy Open Positions will be matched with Bid/Sell Prices.
XIV. OPEN GAP
Gap is the price difference between the current Trading Session’s Open Price and the previous Trading Session’s Close Price.
- Hang Seng Stock Index Futures Contract (HKJ)
Maximum Open Gap = 300 (three hundred) points.
Open Gap value for HKJ is calculated from:
1. Price difference between Session II Open Price and Session I Close Price on the same Trading Day.
2. Price difference between Session I Open Price of the current Trading Day and Session II Close Price of the previous Trading Day.
- Nikkei Stock Index Futures Contract (JPJ)
Maximum Open Gap = 300 (three hundred) points.
Open Gap value for JPJ is calculated from:
1. Price difference between Session II Open Price and Session I Close Price on the same Trading Day.
2. Price difference between Session I Open Price of the current Trading Day and Session II Close Price of the previous Trading Day.
- Kospi Stock Index Futures Contract (KRJ)
Maximum Open Gap = 3.0 (three) points.
Open Gap value for KRJ is calculated from the price difference between Session I Open Price of the current Trading Day and Session II Close Price of the previous Trading Day.
XV. MARGIN CALL AND STOP OUT
- Margin Call
Margin Call situation is a situation when the Margin Level indicator equals to 100% (one hundred percent) Margin or less (Margin Level ? 100%). Margin Level indicator can be monitored from Yutaka Trader 4 Client Terminal > Terminal user interface > Trade tab, Margin Level indicator. In order to maintain Open Positions, all Clients are suggested to make additional deposit to their Yutaka Trader 4 accounts in the event of Margin Call Situation. Please see MARGIN IN AND MARGIN OUT Section for transfer detail or contact
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for more information.
- Stop Out
Yutaka Trader 4 will automatically liquidate Open Positions when Margin Level indicator equals to 20% (twenty percent) or less (Margin Level ? 20%). When there are more then 1 Open Position, Yutaka Trader 4 will automatically liquidate open positions with most deficits prior to another.
Note:
All Clients must monitor their own Open Positions. Yutaka Century Realtime Pte Ltd is not obliged to send any kind of notification to any clients regarding the occurrence of Margin Call nor Stop Out.
XVI. MARGIN IN AND MARGIN OUT
- Clients are allowed to trade after all administration and financial requirements are fulfilled.
- All Margin Deposits via bank transfer must be confirmed to Yutaka Century Realtime Pte Ltd’s Accounting Department by attaching the bank transfer receipt.
- Client’s Yutaka Trader 4 Login must be stated in the bank receipt’s payment detail, otherwise the transfer will be considered invalid.
- All invalid transfers can not be claimed back.
- Margin withdrawals are done by filling the withdrawal forms.
- Withdrawn Margin will be transferred as soon as the withdrawal request is accepted by Yutaka Century Realtime Pte Ltd’s Accounting Department and confirmed by Yutaka Century Realtime Pte Ltd’s Settlement Department.
- Withdrawn Margin will be transferred to Client’s Bank Account Number, of which matches Yutaka Century Realtime Pte Ltd’s database.
XVII. LAST TRADING DAY
Examples of Net P/L Calculation:
- Open Position Buy HKJ5U_M10 1
Close Price at the end of the last Trading Session on the last Trading Day for the current contract’s maturity code = 20050.
Net P/L Calculation:
Buy HKJ5U_M10 1 Lot at 20060 closed by Sell HKJ5U_M10 1 Lot at 20050.
Net P/L = [(20050 - 20060) X 5]
= (-10 X 5)
= -50
- Open Position Sell HKJ5U_M10 1
Close Price at the end of the last Trading Session on the last Trading Day for the current contract’s maturity code = 20065.
Net P/L Calculation:
Sell HKJ5U_M10 1 Lot at 20050 closed by Sell HKJ5U_M10 1 Lot at 20065 + Spread (Buy HKJ5U_M10 1
Net P/L = [(20050 – (20065 + 5)) X 5]
= (-20 X 5)
= -100
THE CLIENT MUST ADHERE TO THE FOREGOING TRADING REGULATIONS AT ALL TIMES. YUTAKA CENTURY REALTIME PTE LTD RESERVES THE RIGHT TO CHANGE THE TRADING REGULATIONS WITHOUT PRIOR NOTIFICATION TO THE CLIENT. THE EFFECTIVE VERSION OF YUTAKA CENTURY REALTIME PTE LTD'S TRADING REGULATIONS WILL BE POSTED ON YUTAKA CENTURY REALTIME PTE LTD'S WEB SITE, AND ANY CHANGES IN THE TRADING REGULATIONS SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING OF THE VERSION OF THE TRADING REGULATIONS CONTAINING SUCH CHANGES. ANY QUESTIONS THE CLIENT MAY HAVE REGARDING THE TRADING REGULATIONS CONTAINED HEREIN OR ANY CHANGES THAT MAY BE MADE HERE TO SHOULD BE DIRECTED TO This e-mail address is being protected from spambots. You need JavaScript enabled to view it
ADDENDUM TRADING RULES AND REGULATIONS
Forex and Gold
Limit (Take Profit or T/P) Order
T/P Order it becomes a Market Order when the price on the Server System Trading On-Line equal to or customer through the asking price. Price Bid apply for T/P Order Sell and price Ask apply for T/P Order Buy.
Example :
Forex
Running GBPUSD 1.5876/79 Day High 1.5929
T/P Order Sell 1.5876 or below …………...………………… DONE
T/P Order Sell ??Market Order will be in accordance with Customer's requested price (1.5876)
Running GBPUSD 1.5876/79 Day Low 1.5826
T/P Order Buy 1.5879 or above ………..…………………… DONE
T/P Order Buy Market Order will be in accordance with Customer's requested price (1.5879)
Gold
Running XAUUSD 1758.25/1758.75 Day High 1825.50
T/P Order Sell 1758.25 or below …………...……………… DONE
T/P Order Sell Market Order will be in accordance with Customer's requested price (1758.25)
Running XAUUSD 1758.25/1758.75 Day Low 1625.50
T/P Order Buy 1758.75 or above ………..………………… DONE
T/P Order Buy Market Order will be in accordance with Customer's requested price (1758.75)
Stop (Stop Loss or S/L) Order
S/L Order Market Order will be based on the movement of the next Tick.
Example
Forex
Running GBPUSD 1.5876/79, Next Tick 1.5890/93 Day High 1.5929
S/L Order Buy 1.5880 ………………………… Will DONE at price 1.5893
S/L Order Buy Market Order will be based on the movement of the next Tick (1.5893)
Gold
Running XAUUSD 1758.25/75, Next Tick 1775.75/1776.25 Day High 1825.50
S/L Order Buy 1760.25………………………… Will DONE at price 1776.25
S/L Order Buy Market Order will be based on the movement of the next Tick (1776.25)
RISK DISCLOSURE
Trading on margin carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage in transactions can work against you, as well as for you. Before deciding to trade on margin you should carefully consider your investment objectives, level of experience, and risk appetite. Trades in accordance with the recommendations in an analysis, especially leveraged investments, such as foreign exchange trading and investment in derivatives, can be very speculative and may result in profits, as well as losses, especially if the conditions mentioned in the analysis do not occur as anticipated. The possibility of substantial losses of your investments exists. You may lose some or all of your initial deposits and investments, and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice and consultation from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Therefore the contents of any information mentioned above should not be considered as an express or implied promise, as a guarantee or implication that clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited. Yutaka Century Realtime Pte Ltd will not assume liability for any loss or damage, including, but not limited to, any loss of margin or profit, which may arise directly or indirectly from any investment based on the use of or reliance on any recommendation, forecast, or other information provided on this website or from any other sources. In addition, there are risks associated with use of on-line deal execution and Internet-based trading systems including, but not limited to, the failure of hardware, software, and Internet connection. In the event of such failure, it is possible that, for a certain time period, you may not be able to enter new orders, execute existing orders, or modify or cancel orders that were previously entered. The above mentioned failure may also result in loss of orders or order priority. Yutaka Century Realtime Pte Ltd shall not be held responsible for any kind of losses caused by the above mentioned failures.