Korea, renowned for its epic activity in KOSPI Futures & Options has seen a surge in Spot Energy trading at the local bourse. Trading volume for the month of March saw a 4205% increase since the product started in March 2012.
The Korean Exchange released figures for the month of March (2013) which showed that trading volume on the online platform has risen to 155.50 million litres in March compared to just 3.6 million litres in April 2012.
Th government launched the energy products on the 30th of March 2012 on the Korean Exchange in order to stabilise energy prices (Brent Crude peaked at $128 in March 2012) and support the countries four major refiners; SK Innovation, GS Caltex, S-Oil and Hyundai Oilbank.
The main products are Gasoline and diesel for automobiles, the contract size is in units of 20,000 litre.
The energy products are open to; oil refiners, importers and exporters, brokerages and retail traders are not allowed to trade. The exchange has announced plans to launch energy futures trading in the coming months.
Participants can trade online and take advantage of the price differentials, according to information on Korea National Oil Corp.'s website, the price of gasoil averaged Won 1,785/liter ($1.63/l) in March, while the price of gasoline averaged Won 1,985/l. However, in comparison, the price of gasoil on the online market is currently around Won 1,600/l and the price of gasoline is around Won 1,870/l.
The benchmark Brent Crude is currently trading at $110.13 on ICE.
The government is keen to promote the Online Trading for participants in the energy sector and as a result they have put in place fiscal incentives including an exemption of a 3% import tariff for oil products traded on the platform, and a Won 16/l tax refund on imported oil products sold online. The incentives will remain in place until June 2014.
Korea, renowned for its epic activity in KOSPI Futures & Options has seen a surge in Spot Energy trading at the local bourse. Trading volume for the month of March saw a 4205% increase since the product started in March 2012.
The Korean Exchange released figures for the month of March (2013) which showed that trading volume on the online platform has risen to 155.50 million litres in March compared to just 3.6 million litres in April 2012.
Th government launched the energy products on the 30th of March 2012 on the Korean Exchange in order to stabilise energy prices (Brent Crude peaked at $128 in March 2012) and support the countries four major refiners; SK Innovation, GS Caltex, S-Oil and Hyundai Oilbank.
The main products are Gasoline and diesel for automobiles, the contract size is in units of 20,000 litre.
The energy products are open to; oil refiners, importers and exporters, brokerages and retail traders are not allowed to trade. The exchange has announced plans to launch energy futures trading in the coming months.
Participants can trade online and take advantage of the price differentials, according to information on Korea National Oil Corp.'s website, the price of gasoil averaged Won 1,785/liter ($1.63/l) in March, while the price of gasoline averaged Won 1,985/l. However, in comparison, the price of gasoil on the online market is currently around Won 1,600/l and the price of gasoline is around Won 1,870/l.
The benchmark Brent Crude is currently trading at $110.13 on ICE.
The government is keen to promote the Online Trading for participants in the energy sector and as a result they have put in place fiscal incentives including an exemption of a 3% import tariff for oil products traded on the platform, and a Won 16/l tax refund on imported oil products sold online. The incentives will remain in place until June 2014.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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