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.
PCM International is passionate for seeing traders succeed. Therefor, we encourage traders not to miss out on the advantages that trading futures contracts will provide for them.
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 TATA Motors?
TATA Motors is India’s largest automobile manufacturer currently headquartered in Mumbai, India. As one of the most popular Indian automobile stocks to invest in, the company is part of a USD 100 billion company, TATA group. TATA Motors is passionate for providing the best passenger cars as well as the highest standard of customer service globally.
With 1945 as the number of TATA Motors established, 60,000 as the number of TATA Motors employees, 9 million as the number of TATA vehicles sold and a TATA Motors company turnover of over USD 42 billion, TATA Motors has a bright future ahead.
Corporate governance
Values
· Integrity
· Teamwork
· Accountability
· Speed
· Customer Focus
· Excellence
Mission
To innovate with passion, mobility solutions that enhance the quality of life
TATA Motors Stock Analysis*
Total Income: 4,45,027
Total Expenses: 4,00,543.00
Equity: 6791.80
Earnings Per Share: 0.68
Sales Turnover: 2,23,698.00
*Annual values as of March 2016, in million Rupees
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 | DTTMT |
| Underlying Equity | TATA MOTORS LTD. |
| Underlying Country | India |
| Contract Size | 10 |
| Notional Contract Value | (Price * Contract Size) in USD |
| Price Quote | Underlying Equity price expressed in USD (example: Bid: 383.3 / Ask 383.4) |
| 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 ** | Last Thursday 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 380 (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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