US Dollar vs Canadian Dollar
Contract Details
Contract for Difference
Spread bet
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | US Dollar vs Canadian Dollar (100K USD) |
| MT5 Code | USDCAD |
| Contract Classification | Spot FX CFD |
Contract Specification
| Sector | FX |
| Tenor Period | Spot Contract |
| Maximum Forward Tenor | Spot Contract |
| Contract Size | 100000 |
| Trading Price Quote | CAD/0.0001 |
| Price Digits | 5 |
| Tick Value | 1 |
| Tick Size | 1.0E-5 |
| Minimum Volume | 0.01 |
| Volume Steps [Lots] | 0.01 |
Expiry Trading Overview
| Trading Hours | Sun 10:00pm - Fri 10:00pm |
| Quoting Hours | Sun 10:00pm - Fri 10:00pm |
A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.
Name & Trade Code
| Contract Name | Sing 0.5/Sing GO($/0.01) |
| MT5 Code | Sg0.5/Sg_GO.s |
| Contract Classification | Commodity Differential SB |
Contract Specification
| Sector | FX |
| Tenor Period | Consecutive individual whole calendar months, e.g. Aug 25 |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 100 |
| Trading Price Quote | $/mt |
| Price Digits | 2 |
| Tick Value | 1 |
| Tick Size | 0.01 |
| Minimum Volume | 1 |
| Volume Steps [Lots] | 0.01 |
Expiry Trading Overview
| Trading Hours | |
| Quoting Hours |
Contract Purpose
This differential contract allows market participants to:
- Trade the price spread between Singapore 0.5% Very Low Sulphur Fuel Oil (VLSFO) and Singapore Gasoil directly
- Hedge the differential between two of Asia’s most important marine and transport fuels
- Manage exposure to both VLSFO and gasoil price movements in the Asian market
- Implement trading and risk management strategies that reflect the economics of blending, refining, and fuel switching in shipping and transport sectors
Market Significance
Fuel Spread Benchmark: Provides a direct tool for tracking and managing the profitability of producing, blending, or switching between VLSFO and gasoil in Asia
Regional Price Indicator: Captures the economic relationship between marine fuel (VLSFO) and transport fuel (gasoil) demand and supply in a key global hub
Shipping & Compliance Relevance: Reflects the impact of IMO 2020 sulphur regulations and ongoing shifts in marine fuel consumption
Trading Benefits
- Spread Management: Simplifies hedging or trading the VLSFO/gasoil spread with a single contract
- Efficient Risk Control: Directly addresses the risk of price movements between two closely linked fuel products
- Capital Efficiency: Reduces margin requirements compared to holding separate positions in both legs
- Regional Exposure: Provides focused access to Asian marine and transport fuel market dynamics
This contract is especially valuable for refiners, shipping companies, fuel suppliers, and trading firms active in the marine and transport fuel markets. It provides a specialised tool for managing the spread between these two vital benchmarks, supporting both operational hedging and speculative trading strategies in the region’s dynamic energy sector.