Options Trading

Traditionally all Options business at GNI touch® was executed via the telephone dealing desk. Clients can still open an 'offline' trading account which permits them to trade Futures and Options via the telephone brokers only.

Additionally existing ‘online’ Futures clients can also use the telephone dealing service to execute Futures and Options trades.

While this service is still enjoyed by many clients, some of the online trading platforms now offer electronic Options trading access for clients looking to 'go-long' only. These platforms will allow clients to buy options only and close-out, or reduce the position thereafter. They will not allow a client to short-sell.

Patsystems offers access to Options on Futures on Eurex and Equity Options on Euronext LIFFE.
CQG offers access to Options on Futures on Euronext LIFFE, Euronext Paris, Eurex, CME/CBOT/ (inc. NYMEX & COMEX), CBOE and ICE (inc.NYBOT).

Clients looking to go short of naked Options or short-sell to hedge an Equity or Futures position can do so, however prior approval from the MF Global Credit and Risk Committee needs to be granted. Fundamentals such as account value and trading style will be evaluated as part of this process.

The minimum account opening deposit for a client looking to buy options only either online or via the telephone is £5,000 or currency equivalent.
Clients looking to short-sell and hedge an existing position within GNI touch® (Futures, Equity or CFD) are required to deposit a minimum of £10,000 or currency equivalent.
For naked short selling of options the client needs to deposit the full value of the possible liability of the Option position that they are looking to open.

For account enquiries please contact us:

Phone: +44 (0)870 197 0395

Email: futures@gnitouch.com

Related Links

GNI touch^®, Sugar Quay, Lower Thames Street London EC3R 6DU Email: futures@gnitouch.com Tel: 0870 197 0395

GNI touch which is a trading name of MF Global UK Limited and is authorised and regulated by the Financial Services Authority. Futures trading carries a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far in excess of your initial margin deposit. Only speculate with money you can afford to lose. Futures trading may not be suitable for all customers, therefore ensure you fully understand the risks involved and seek independent financial advice if necessary. All reasonable steps have been taken to ensure that all of this information is correct, we do not offer any warranty as to the accuracy or completeness of such information. Telephone calls and e-mails to and from GNI touch maybe recorded and / or monitored for regulatory and training purposes. Tax laws are subject to change.

Registered Office : Sugar Quay , Lower Thames Street, London, EC3R 6DU Registered in England No. 1600658