Futures

Futures contracts follow a defined designation, which is derived from the contract name, an abbreviation for the expiration month and the expiration year.

The month abbreviations are defined as follows:

If the contract and the expiration month are known, the contract name can easily be derived, as can be shown by examples.

Details regarding the execution policy can be found here.

Private persons are according to the exchange definition:
 

• Natural people;
• No credit institution or financial services company;
• Persons who use the information solely for personal purposes, such as the management of their own assets;
• Persons who do not use the information commercially, such as commercial securities trading or the administration of foreign assets or for work with a bank, financial services institution or any other company that is subject to domestic or foreign banking, stock exchange, securities trading or investment supervision;
• Persons who do not use the information in any other way for the purposes of third parties, such as the free administration of foreign assets or in the context of a non-commercial investment club;
• Disclosure to third parties and the use of third parties, especially those who are not private individuals, may not be granted access to this information.

With the FXFlat account opening a customer legitimation takes place according to the Securities Trading Act (WpHG). If the potential customer meets at least two of the following three criteria, he or she can be classified as a professional customer after individual examination:

• The customer has made an average of 10 significant deals in the quarter, in the last 12 months.
• The customer has bank deposits and financial instruments of more than €500,000.
• Customer has exercised a profession on the capital market for at least one year, requiring knowledge of eligible business, investment services and ancillary services.

The classification according to the German Securities Trading Act may differ from the classification of the stock exchange.