Are there restrictions on ‘Short Sales’ transactions?

Due to restrictions implemented by the institutions FXChoice operates with, some shares may be restricted to be ‘sold short’. Short sale restrictions do not impede the closing of a position. However, it does stop the opening of new short sale positions. FXChoice may not proactively contact clients on positions that may have short sale restrictions. You may see the error message [...]

How do other corporate actions work on shares?

Excluding dividends, FXChoice does not allow open Share CFD positions through a corporate action date. So, any open Share CFD positions that would be affected by a corporate action will be closed 1 hour before the market closes, two days prior to the [...]

How do dividends work on shares?

Dividends are applied the day before the ex-dividend date shown in the Dividend Calendar. Example An ex-dividend date of 3 March would mean that all positions held at the end of 2 March would be subject to a dividend adjustment. If you want to avoid the payment of dividends, we recommend that you close your position before the adjustment is [...]

How do rollovers work on shares?

Each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Share positions that are open at the close of business on Friday will incur a 3-day [...]

How are WTISpot and BrentSpot prices calculated?

In short, maths. The price is derived from the front month’s price and the next month’s. The formula is below and weights the prices based on the proximity of the rollover date. Here’s the formula: P1 + (P2 – P1) x D / N Where: D [...]