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Weekend FX - EURUSD & USDJPY - available now

Streaming firm limit order liquidity only

Hedge FX exposure when there’s no underlying market

Respond to market dislocations in a timely manner

Capitalise on market opportunities over the weekend

Don’t wait until markets open on Sunday evening

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Weekend FX – now trade FX -7 days a week

LMAX Global offers Weekend FX trading, enabling market participants to capitalise on FX movements over the course of a weekend, or hedge their FX exposure when there is no underlying market available, without having to wait for the market to open on Sunday Night.

Weekend FX instruments key facts

    What are Weekend FX instruments?more

    Weekend FX instruments are cash-settled CFDs enabling clients to trade on FX movements over the weekend and hedge their FX exposure. They work in the same way as weekday rolling spot FX, with the exception that they expire on market close, Sunday 17:00 EST/EDT (there are no overnight financing charges).

    Weekend FX instruments are offered between Friday 17:05 to Sunday 17:00 EST/EDT and are separate instruments to those traded on weekdays.

    Trading of Weekend FX instruments will not affect clients’ weekday positions. close

    Which FX instruments are offered?more

    Name Symbol Security ID Margin Contract size Tick size Tick size
    EUR/USD
    (weekend)
    EUR/USDw 4201 1% 10,000 0.00001 USD0.10
    USD/JPY
    (weekend)
    USD/JPYw 4204 1% 10,000 0.001 JPY10

    close

    How does Weekend FX work?more

    Weekend FX instruments are available for trading between Friday 17:05 and Sunday 17:00 EST/EDT. On Market close on Sunday at 17:00 EST/EDT the Weekend FX instrument will expire, and any open positions held into the close will be settled against the settlement price.

    Any realised profits or losses in non-base currencies are not swept back to your trading account base currency unless requested.

    Weekend FX instruments are completely independent to weekday rolling spot FX. Your Weekend FX open positions will not net off against any open weekday rolling spot FX positions. close

    How is the settlement price calculated?more

    The settlement price is derived using the average of the midpoint price of the LMAX Global FX instruments between 17:10-17:30 EST/EDT on Sunday. close

    Key Information Document – Weekend FX download

Open a Weekend FX account

A new independently funded account is required to access Weekend FX instruments.

Both accounts will remain independent, with trades on one account not offsetting or adding to the other, either in terms of position or margin requirements. Realised profits and losses on your Weekend FX account can be transferred back to your existing LMAX Global account when requested.

Sign-up

Trading example

Trade example
Client opens a 10 contract trade in EURUSD at 1.10000, giving a notional value of $110,000. Client chooses to hold the position through to market close. At market close on Sunday the price is 1.10500, resulting in an unrealised profit of $500 ($110,500).

Settlement process explainedmore

The position remained open at market close, it goes through the settlement process using the average of the midpoint price of the LMAX Global FX instruments between 17:10-17:30 EST/EDT on Sunday – therefore the settlement price is calculated as 1.10550.

Settlement price
The position is then closed at 1.10550, realising a profit of $550 on the account. close

Connectivity and access

Connectivity: Cross connect at Equinix LD6 and via internet
Access: LMAX GUI, mobile, API (Java/.Net), FIX 4.2 /4.4, ITCH market data

FX and CFDs are leveraged products that can result in losses exceeding your deposit.

They are not suitable for everyone so please ensure you fully understand the risks involved.   View full risk warning.

The information on this website is only directed at institutional and professional clients.