2008-10-25 15:48:02 - China FX www.12buzz.com/fx now has oil Day Trading just as it already offers Gold and Silver Trading. However, unlike these commodities, oil has some peculiarities as it trades predominantly over the exchanges and there is not a liquid continuous spot market.

Trading in OIL

Oil trading at China FX is performed in the same way as Foreign Currencies Trading. It is OTC (Over the Counter) trading, which means that the transaction is performed directly between the two parties, involved - the buyer and the seller. There is no third party involved, like in an exchange market.

The acronym for oil is OIL. It is measured in barrels but as it is cash settled (non-delivery trading) the physical purchase or sale of the commodity is not actually performed.

China FX bases its contract on the US standard for OIL trading, namely the WTI (West Texas Intermediary). Also known as, Texas Light Sweet, WTI is a type of crude oil used as a

benchmark in oil pricing and the underlying commodity of the New York Mercantile Exchange's (NYMEX) oil futures contracts.

What does this mean to the China FX trader? The OIL trader will open, modify, and close deals on the China FX-Easy-Forex platform in the same way they do with a currency day trade.

Quote convention: OIL will be quoted with OIL as the base - Example OIL/USD = 118.00 USD per barrel Expiration date: Oil trading can only be renewed up to the close of business on the fourth US business day prior to the 25th calendar day of the month, proceeding the contract month. If the 25th day is a non-business day, trading shall cease on the fourth business day prior to the business day proceeding the 25th calendar day.

Trading hours: 01.30 London time until 22:30 London time. Outside these hours, no opening or closing of deals will be allowed. Go to trading hours to see the hours of trade for other currencies and commodities.

Availability: Oil trading is not available in USA and some other regions.

To find out more about OIL trading contact your Account Service Manager or Personal Dealer. www.12buzz.com/fx

CONTACT: Sutida Suwunnavid, Buzz Technologies, Inc Tel: +66 76 326 318 123 Tel: +66 76 326 318 129 e-mail: ir@12buzz.com WWW: www.12buzz.com