Facebook is today’s largest social media platform with over 1.7 billion active users. The company is headquartered in California, U.S. and is mostly known for helping users re-unite with friends and relatives whom they had lost contact with and to stay connected with family and friends through Facebook posts.The founder of Facebook, Mark Zuckerberg, was studying at Harvard University when he created Facebook in 2004. The website was originally created for Harvard students, which then expanded to other universities and eventually to anyone above the age of 13.
“Facebook’s mission is to give people the power to share and make the world more open and connected.
When choosing the best investment vehicle, futures contracts offer a long list of advantages for traders. Having been traded in the form of a future, Facebook also carries with it these advantages. The Benefits of trading Facebook futures are mentioned and described below:
-Instant access to profits
Unlike many other trading vehicles, trading futures provides you with instant access to your profits.
-Holding on to trade positions
While trading Facebook futures, you may have a whole year to hold on to your position without worrying about roll-overs or interest rates
-Low Margin requirements
As previously mentioned, futures trading is a highly leveraged trading instrument. It follows that Futures margin requirements are incredibly low. As a result, traders can expose themselves to a larger value of stocks than they could when trading the original stocks.
Revenue: $6436 million
Gross Profit: $5520 million
Net Income: $2055 million
Total Assets: $55739 million
Total Equity: $50383 million
A key factor of trading futures successfully is being educated about potentially profitable trading opportunities and knowing their in-depth specifications and benefits. The table below is provided for further details about the contract.
| Contract | Parameters |
|---|---|
| DGCX Contract Symbol | DFB |
| Underlying Equity | FACEBOOK INC. |
| Underlying Country | U.S.A |
| Contract Size | 10 |
| Notional Contract Value | (Price * Contract Size) in USD |
| Price Quote | Underlying Equity price expressed in USD (example: Bid: 106.8 / Ask 106.9) |
| Minimum Tick Size | 0.1 |
| Tick Value | USD 1 |
| Trading Days | Monday through Friday |
| Trading Hours | 07:00 - 23:30 Hours Dubai time (GMT+4) |
| Trading Months | First two (2) serial months and 1 calendar spread |
| Last Trading Day ** | Third Friday of the Calendar Month |
| Cash Settlement Day** | Business Day following the Last Trading Day |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Final Cash Settlement Price Basis |
Based on the market closing price of the Underlying Equity on the Last Trading Day in the Underlying Country (source: public domain) |
| Settlement Basis | Cash settled in USD |
| Wholesale Trades | Minimum permitted block size is 100 lots |
| Max Open Position Limit | As determined by the Exchange from time to time |
| Max Order Size | 1,000 lots |
| Daily Price Movement limit | No Limit, Note 1* |
| Initial Margin based on SPAN | USD 160 (Based on SPAN, subject to change from time to time) |
| Calendar Spread Margin | 100% benefit is offered on calendar spread positions |
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