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The underlying instrument for LeadSpot is LME LEAD FUTURE.

This underlying Futures product is trading at the London Metal Exchange. Lead is a soft metallic element, which 80% of modern lead usage is in the production of batteries. The biggest producers of lead are Australia, China and USA. This Futures product allows traders to speculate/hedge the price movements of lead.

Margin Requirements
To view current margin requirements, visit the below link:

Margin Updates

Trading Hours
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. LeadSpot is a spot product, so there is no expiration.

Target Spread
LeadSpot has a target spread of 6 pips/points

Max Contract Size
The maximum number of contracts per click (trade) for LeadSpot is 5000

Minimum Pip Cost (Value)
LeadSpot has a minimum value of $1.00 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 1.00 price movement on LeadSpot is 1 pip/point.

Number of FXCM Contracts to Equal 1 Future
25 FXCM LeadSpot contracts are currently equivalent to one LME LEAD FUTURE.

Other Information
LeadSpot does not expire.

LeadSpot does have financing cost (Rollover). The calculation is as shown:

Long positions:
((4th Month Futures Price-3rd Month Futures Price)/(Total trading days of New Month Future) +Markup)×(-1)×point cost

Short positions:
((4th Month Futures Price-3rd Month Futures Price)/(Total trading days of New Month Future)-Markup)×point cost

Notes on the financing cost:
* FXCM's Markup is currently 10 cents, but subject to change.
* Point cost for one contract is 1.
* To account for holding a position into the weekend, there is a 3X rollover on Wednesdays.

There is no minimum stop distance on LeadSpot.

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