J.P MORGAN CHASE & COMPANY

J.P MORGAN CHASE & COMPANY

Futures trading was once a way for farmers to hedge against price movements and to guarantee themselves a stable income. However, in the past decade, futures trading revolutionized the way investors and speculators profited.  Trading in the futures market is a golden opportunity for traders to not only hedge against price movement, but to also profit in large amounts through market speculation.

 

When deciding which futures contract to trade, there are many questions to keep in mind. These include: What are the future contract’s margin requirements? How about contract size and levels of liquidity of the futures contract? What is the duration of the future’s contract? With PCM International, you can get the answers to all your questions.

 

What is JPMorgan Chase & CO.

JPMorgan Chase & Co. is a leading global financial services provider operating multi-nationally. Some of the key areas on which the Firm focuses on include financial services for small businesses, commercial banking, asset management, and specifically investment banking. A number of JPMorgan clients are of the world’s most prominent corporate, governmental and institutional clients.  

 Today, the JPMorgan Chase & Co. stock is one of the most popular stocks on the futures market.

 

JPMorgan Corporate Governance

 

At JPMorgan, corporate responsibility is a key contributor to the firm’s ways of operating business. Due to the great amount of impact the corporation has on hundreds of communities and millions of lives, JPMorgan develops innovative ways to help navigate a complex global economy.

 

Frequently Asked

 

When was JPMorgan Chase incorporated?

            October 28, 1968

 

How much in assets does JPMorgan hold?

 2.4 trillion dollars

 

Number of employees at JPMorgan Chase

Over 235,000 employees

 

How many countries does JPMorgan operate in?

            Over 100 countries

 

For successful futures trading PCM International provides traders with detailed information about all contracts. The table below provides further details about this futures contract.

Contract Parameters
DGCX Contract Symbol DJPM
Underlying Equity J.P MORGAN CHASE & COMPANY
Underlying Country U.S.A
Contract Size 100
Notional Contract Value (Price * Contract Size) in USD
Price Quote Underlying Equity price expressed in USD (example: Bid: 67.54 / Ask 67.55)
Minimum Tick Size 0.01
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 1010 (Based on SPAN, subject to change from time to time)
Calendar Spread Margin 100% benefit is offered on calendar spread positions