The underlying instrument for CoffeeNYF is the Coffee-New York (Arabica) Futures contract.
This underlying Futures product is trading at the ICE. Coffee is a soft commodity, and this Futures product is the benchmark for Arabica coffee, which offer traders to speculate/hedge the price movements in the market where the price can be very volatile.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. FXCM expiration dates and current reference month for CoffeeNYF are located in the FXCM CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the 'FXCM Expiration' will be closed at our bid/offer at 17:00 New York time for CoffeeNYF, which means the client will realise any floating P/L at the time it is closed. When CoffeeNYF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
CoffeeNYF has a target spread of 20 pips/points
Max Contract Size
The maximum number of contracts per click (trade) for CoffeeNYF is 5000
Minimum Pip Cost (Value)
CoffeeNYF has a minimum value of $0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown in the diagram. Each 0.01 price movement on CoffeeNYF is 1 pip/point.
Number of FXCM Contracts to Equal 1 Future
37.5 FXCM CoffeeNYF contracts are currently equivalent to one Coffee-New York (Arabica) Future.
CoffeeNYF has no financing cost (Rollover).
There is no minimum stop distance.