WIG20 futures contracts with a multiplier of PLN 20 - GPW
WIG20 futures contracts with a multiplier of PLN 20 - GPW
WIG20 futures contracts with a multiplier of PLN 20 - GPW
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Advantages <strong>of</strong> the New Multiplier (2)<br />
Example<br />
The commission per contract is <strong>PLN</strong> 6<br />
Consequently, the commission for opening and closing a position in one contract is<br />
<strong>PLN</strong> 12 (i.e., <strong>PLN</strong> for opening + <strong>PLN</strong> 6 for closing <strong>of</strong> the position)<br />
If the price <strong>of</strong> a <strong>WIG<strong>20</strong></strong> contract <strong>with</strong> a <strong>multiplier</strong> <strong>of</strong> <strong>PLN</strong> <strong>20</strong> changes by 1 index<br />
point in the direction expected by the investor, the investor will gain <strong>PLN</strong> 8 (<strong>PLN</strong> <strong>20</strong><br />
– <strong>PLN</strong> 12)<br />
For <strong>WIG<strong>20</strong></strong> <strong>contracts</strong> <strong>with</strong> a <strong>multiplier</strong> <strong>of</strong> <strong>PLN</strong> 10, a change <strong>of</strong> the contract price by 1<br />
index point does not <strong>of</strong>fset the transaction cost<br />
-9-
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