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 |
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