Instrument : &GAS/RUB
The personal composite instrument &GAS/RUB reflects the price dynamics of Natural gas against the Russian ruble. The base part of this instrument is composed of 1 mmBtu of Natural gas, and the quoted part - 1 Russian ruble. The natural gas is represented by the #C-NATGAS instrument – the continuous CFD on natural gas futures. The asset percentage content of the instrument is estimated on the basis of asset prices on the PCI creation date.
The personal composite instrument &GAS/RUB is used for the analysis and trade of natural gas in Russian rubles. The dynamics of this instrument is an important indicator for the energy exports of Russia.
|&GAS/RUB||№||Asset||Volume / 1 PCI||Percentage||Volume (USD) / 1 PCI||Unit of measurеment|
|Fixed spread, pip||4029||4029||4029|
|Floating Spread, pip||4029||4029||4029|
|Order distance, pip||-||-||-|
|Swap (long/short) in pips on Vol||-0.028 / 0.007||-0.028 / 0.007||-0.028 / 0.007|
|>=3890.98||300.00 – 30000.00||>=300.00|
|The value of 1 pip in USD for the Vol||0||0||0|
|Week day||Trading hours (CET)||Local trading hours|
|Monday||08:00 — 17:00||08:00 — 17:00|
|Tuesday||08:00 — 17:00||08:00 — 17:00|
|Wednesday||08:00 — 17:00||08:00 — 17:00|
|Thursday||08:00 — 17:00||08:00 — 17:00|
|Friday||08:00 — 17:00||08:00 — 17:00|
The personal trading instrument &GAS/RUB is used for trade and dynamics analysis of natural gas vs the Russian ruble, as well as multi-year comparative analysis of the dynamics of popular energy investment assets quoted in Russian rubles. For example, by building a percentage chart in the NetTradeX terminal for two instruments &BRENT/RUB and &GAS/RUB, (Fig. 1), it is evident that in the five year period from 2010 to 2014 investments in Brent crude oil yielded substantially higher returns (+75%) than investments in natural gas (just +4%). Moreover, in the first half of 2012 natural gas had declined more than 60% since 2010.
Traders, whose main assets and investments are denominated in Russian rubles, will be comfortable trading this PCI.