On 28th September 2010, around 13:30 GMT, the price of Coffee futures (DEC 2010 expiry) was 184.00 (bid) - 184.30 (offer).

You believe the price of coffee will rise so you take a buy position with a trade size of 50,000 lbs, ($25 per tick; tick size is 0.05), at the offer price of 184.30 cents per lb.

You predicted correctly and the price of coffee rises，and at around 16:30 GMT, the price of Coffee futures was at
189.00 (bid) -189.30 (offer) .

At this point you decide to close your position and realize your profit. You take the opposite position and ‘sell’ 50,000 lbs of Coffee at the bid price of $189.00. The price you closed at, 189.00, is 4.70 cents per lb higher than the price you bought at, and as your position was for 50,000 lbs,you therefore realize a profit of $2,350 (4.7 cents per lb X 50,000 lbs).

SUMMARY Open Price 184.30 Close Price 189.00 Difference 4.70 cents (94 ticks) Profit $2,350

The cut-off time for all Finance Fees calculations, and also generating statements, is set for all our products to 20:00 GMT when Daylight Saving Time applies in the US and 21:00 GMT when the US changes back to Standard Time. All orders executed before the cut-off time will appear on today's statement. All orders executed after the cut-off time will appear on next day's statement.