Contract Specifications
Contract Specifications set out the trading conditions that apply to each instrument. They are the governing reference for contract size, trade size limits, margin requirement, trading hours, swap-free treatment and, on the Raw account, commission.
Instruments covered
Specifications are published for every instrument available through the Royce group, across the following markets:
- Foreign exchange — provided by Royce Global Markets Limited and Royce Capitals Ltd.
- Precious metals — provided by Royce Global Markets Limited
- Global indices — provided by Royce Global Markets Limited
- Energies — provided by Royce Global Markets Limited
- Futures — provided by Royce Global Markets Limited
- Shares — provided by Royce Global Markets Limited
What each specification states
| Field | What it defines |
|---|---|
| Symbol | The instrument identifier as shown on the trading platform. |
| Contract size | The quantity of the underlying represented by one lot. |
| Minimum trade size | The smallest order permitted for the instrument. |
| Maximum size per trade | The largest single order permitted, subject to liquidity and the applicable trading policy. |
| Margin requirement | The margin applied to a position in the instrument, which determines the leverage available on it. |
| Trading hours | The session during which the instrument may be traded, and any scheduled break. |
| Commission | The commission applied on the Raw account for that instrument. Commission is instrument-specific and no single universal rate applies. |
| Swap-free treatment | Whether and how swap-free treatment applies to the instrument, in accordance with the Swap-Free Trading Policy. |
Obtaining current specifications
Contract specifications are published on each market page, covering every instrument available in that market. The figures shown are indicative: instrument-level values change with market conditions, and the configuration held on the trading server prevails over any figure published here.
Specifications by market:
Related documents
Trading conditions are subject to market liquidity and to the applicable trading policy. Where this page and an instrument-level specification differ, the instrument-level specification governs.