Trading Hours

The dealing desk is open 24-hours a day except market holidays as advised from time to time, from Monday (Hong Kong Time) 8:00AM to Saturday 4:00AM in US Summer or 5:00AM in US Winter.

After day-end at 5:00AM, there will be a short period of time when the system is temporarily suspended for trading. This period is used to ensure the system integrity. Yet, price feed and phone trading is still available at all times.

Products

We offer the following metals:

LLG/USD	LOCO LONDON GOLD / US DOLLARS
LLS/USD	LOCO LONDON SILVER / US DOLLARS
HKG/HKD	HONG KONG TAEL GOLD / HONG KONG DOLLARS

Dealing Spreads

LLG/USD	USD 0.5
LLS/USD	USD 0.04
HKG/HKD	HKD 4.0

Contract Sizes

LLG/USD	100 ounces
LLS/USD	2500 ounces
HKG/HKD	100 taels

You can trade in multiple of 1/10th (0.1) contract size. You can also define your default trade size by product thereby eliminating the hassle of entry every time you trade.

Types of Orders

Our trading platform provides sophisticated entry and execution of entry orders and stop/limit orders. You may choose to limit the duration of such orders to Good Until Cancelled (GTC), Good Till Friday/Good For Week (GTF/GFW) and Good For Day (GFD). Expired unexecuted orders will be deleted automatically from the system and shown on your statement. You may change the duration any time without the hassle of deletion and re-insertion.

A limit and/or stop order placed with an open trade will be cancelled when that open trade is closed. Entry order prices must be away from the market price for at least x. Limit and/or stop order price must be away from the entry order price or the market price for at least y.

Entry Order

Product	x	y
LLG/USD	USD 2.0	USD 2.0
LLS/USD	USD 0.15	USD 0.15
HKG/HKD	HKD 15	HKD 15

Margin

We allow trading to be conducted on a leveraged basis. The deposit you made with us to support a trade is called margin.

Initial Margin - In order to open a new position, effective equity must exceed 1% of the position value. That is to say, you may trade a position as much as 100 times of your effective equity.

Effective equity is your account balance plus any loan/credit plus any market floating profit/loss plus any non-cash collateral value. For example, an account with US$10,000 effective equity could open up to US$1,000,000 new position.

Closing an open position does not need additional margin and release the all the margin held up with the open position.

Placing an order will earmark the same margin as if the order were executed. This is to ensure that the execution of your order will be problem-free. However, placing a stop-loss or limit-profit order with an open trade or an entry order does not require any additional margin.

When your margin is lean and you decide to execute an order at market rate. You can do so without first deleting the order to release margin for the subsequent trade. This is a very unique user-friendliness of our system that you may appreciate.

Maintenance Margin - This is the margin required to support an open position. When the effective equity falls below the maintenance margin level, we will issue a margin call via the system and other possible means to you. You will be asked to top up your margin until the margin percentage of your account reaches above the maintenance margin level.

The maintenance margin level is 0.5% of open positions value. Alternatively, you can have an aggregate position value of 200 times your effective equity without having a margin call. For example, an account with effective equity of US$10,000 can support open positions of aggregate values up to US$2,000,000 in open position.

Open positions count all long or short positions of different products. The open position value is calculated at the historical rate you opened the position. There will be no margin offset between any two different products. Therefore, trading a cross-currency product can save you margin as compared with trading two straight currency products.

Cut-off Margin - When the effective equity falls below the cut-off margin level, we are required to close your open positions at market rates until your effective account equity reaches above the cut-off margin level again.

The cut-off margin level is 0.1% of open positions value. Or, your aggregate open positions value cannot be more than 1000 times your effective equity. The open position value is calculated at the historical rate you opened the position. For example, an account with net equity of US$10,000 cannot support an aggregate position value of US$10,000,000 or more.

Type	Metal
Initial Margin	1%
Maintenance Margin	0.5%
Cut-Off Margin	0.1%

Interest Policy

We automatically roll over all open positions to the next day at day-end. Interest is debited or credited to your account with open positions that have been rolled over at an interest rate determined by market conditions and posted in our system.