Dealing Hours
The dealing desk is open between Sunday 14:30 to Friday 16:30 Eastern
Standard Time (GMT-5).
Currency Pairs
| Forex
Symbol |
Currency
Pairs
|
Trading
Terminologies |
| EUR/USD |
Euro / U.S. Dollar |
Euro |
| GBP/USD |
British Pound / U.S.
Dollar
|
Cable or Sterling |
| USD/JPY |
U.S. Dollar / Japanese
Yen |
Dollar Yen |
| USD/CHF |
U.S. Dollar / Swiss
Franc |
Dollar Swiss |
| USD/CAD |
U.S. Dollar / Canadian
Dollar |
Dollar Canada |
| AUD/USD |
Australian Dollar
/ U.S. Dollar |
Aussie Dollar or Aussie |
| EUR/GBP |
Euro /
British Pound |
Euro Sterling |
| EUR/JPY |
Euro / Japanese Yen |
Euro Yen |
| EUR/CHF |
Euro / Swiss Franc |
Euro Swiss |
| GBP/JPY |
British Pound / Japanese
Yen |
Sterling Yen |
Dealing Over The Phone
Templer Holdings customers may place trading orders by phone.
The dealing desk will quote the customer a two way price and the
customer may deal on either side; the dealing desk will then confirm
the trade back to the customer. After confirmation the dealing
desk will enter the completed trade into the customer's Templer
FX Trader account.
Rollover/Interest Policy (Premium)
In the spot Forex market trades settle in two business days. If
a trader sells 10,000 euros on Tuesday, the seller must deliver
10,000 euros on Thursday unless the position is held open and
rolled over to the next value date. As a service to our traders,
Templer Holdings automatically rolls over all open positions to
the next settlement date at 5:00 PM Eastern Standard Time. Roll
over involves exchanging the expiring position for a position
expiring the following settlement date. The positions being exchanged
are not valued at the same price. If a trader is long the currency
bearing the higher interest rate, the position "being sold"
is worth more than the position being acquired. The reverse is
also true; if a trader is short the currency bearing the higher
interest rate, the trader is acquiring a position worth more than
the one "being sold". The amount of the difference varies
based on the currency pair, the interest rate differential between
the two currencies, and fluctuates day to day.
At 5:00 PM each day, funds are subtracted from or added to accounts
with open positions because of this automatic roll over.
Note
On Wednesdays, the amount added or subtracted to an account as
a result of rolling over a position is three times the usual amount.
This "3-Day" rollover accounts for settlement of trades
through the weekend period. When there are bank holidays in either
settlement country the normal roll schedule does not apply.
