In the metals group we have mostly precious metals available if we want to stay within the futures space. The most famous exchanges in Europe are Eurex (Germany), Liffe (UK) and, Euronext (France, Holland, Belgium).
Popular are, for example, the futures on indices such as the FTSE 100, the DAX 30, the Eurostoxx 50 or the SP 500. The Eurex, for example, has defined the point value of its Eurostoxx futures as € 10 per point.
The exchange requires the investor to put up part of the value of the future contract which he wishes to buy.
The futures markets will charge your broker a predetermined fixed amount to clear and settle your order. Note: these parameters can change and it is advisable to verify them with your broker or on the exchange website before placing an order.
You thus simply need to multiply the current level of the index (x points) with € 10 to get the current value of the future.
These futures are mainly traded on the large US based commodity exchanges and they are highly liquid.
These could be used for trend following strategies as well of course but since we are on the topic of futures, I’ll stick to the most liquid metals traded on the major futures exchanges.
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