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EXPIRY RATES

General Information

All rates are calculated based on the last known rates provided by Reuters.

Glenmore Investments offers a variety of asset classes for its clients : stocks, currencies, commodities and leading indices.

If you wish to trade an asset which is not offered on our platform, feel free to contact us by phone or via support@glenmoreinvestments.com and we will do our best to add the required asset.

The following expiry rules apply to all assets according to the asset class:

Currencies: (Bid + Ask)/2
Stocks: (Bid + Ask)/2.
Commodities: (Bid + Ask)/2
Indices, except S&P 500, S&P FUTURE, NIKKEI FUTURE, NASDAQ FUTURE : Last Quote.

S&P 500, S&P FUTURE, NIKKEI FUTURE, NASDAQ FUTURE: (Bid + Ask)/2

Relevant terms used to calculate the expiration rate:

Bid – The last known price prior to the options expiration time, for selling an asset quoted by Reuters.
Ask – The last known price prior to the options expiration time, for buying an asset quoted by Reuters.
Last Quoted Price – The last known price prior to the options expiration time that was actually played for the asset. (This price may be the same or different than the bid or the ask prices).

Indices such as the Dow Jones or the FTSE are calculated based on the last traded price of all the stocks listed in the index and therefore, Reuters creates a last price for the index. A participant in the market can only buy the stocks or

Exchange Traded Funds (ETF) and not the actual index.

Stocks and currencies have quotes of Bid and Ask. E.g. for Citigroup and Google stocks there is a price for buying the asset and a price for selling the asset, therefore Glenmore Investments calculates the expiration price as the mid price which equals to (Bid + Ask)/2.

For Information including expiry rules regarding each specific asset traded on the platform see also asset index.

One Touch Options

One touch options have a set of expiration rates each representing a single day within the time frame of the option.

The daily expiration rate of the one touch option is calculated as the average closing rate at 17:00, 16:00, 15:00.

If the asset is not traded on these hours, the average last three hours of the session is taken.

The methodology for calculating the asset price is using (Bid + Ask)/2 or the last price according to each specific asset as described above.

IFollow

Glenmore Investments iFollow is a simple yet advanced online investments tool which opens anyone to the possibility of achieving the top return on investment results- all with a simple Follow.
The social trading platform allows you to use the expertise and results of other investors by opening positions influenced by their actions. It’s as if the best traders were managing your online investments portfolio.

Segregated Accounts

In today’s market it’s important to ensure the safety of your capital. While most investment banks pool investors’ money together to leverage their profits, Glenmore Investments offers segregated accounts exclusively, thereby protecting your portfolio equity and preserving your account funds.

Insured Client Funds

With Glenmore Investments you can be sure that your funds are safe. On top of a rigorous security system and account segregation, each and every dollar invested with us is insured against hacks and internal errors.

Negative Balance Protection

If you’ve invested before you know that using leverage with your online investments can get you into trouble. As a client of Glenmore Investments you are capped against creating debt, so you can be sure that the funds you deposit are the only funds you're going to need.

High frequency trading involves significant risk. We strongly advise that you read our Terms & Conditions. Although the risk when trading high frequency trading is fixed for each individual trade, the trades are live and it is possible to lose an initial investment, particularly if a trader chooses to place his entire investment to a single live trade. It is highly recommended that traders choose a proper money management strategy which limits the total consecutive trades or total outstanding investment.

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