Can someone please help me out. Pretty new to ssf's as well. When buying the ssf, for example, i bought anglo gold @ 292. It's now trading @ 298. However on buying the ssf contract i noticed that even though the underlying was trading @ 292.50 on the open market, my futures contract was indicating a loss of -R400. Brokerage was only about R68 so i am uncertain as to where this -R400 comes into play. I haven't had time to go through the educational brochures but i will try to get through it at the end of this week, if someone could just indicate to me where this -R400 comes from. If i take my gearing ratio x (2%move in underlying) my profit % taking into account gearing should be round about 11.7%, however if i take the profit it is currently showing it's in the region of about 7%. So im guessing this -R400/-R450 is the difference.. what is that?
... View more