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October 27, 2017

Question:Does all symbols have contract rollover dates? What happens to these future contracts?

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Answer:

Every CFD that is based on future contract (i.e. commodities and indices) has a rollover date.

Upon reaching the relevant instrument’s rollover date, all open future contract CFD positions will be rolled-over to the next contract, so that the positions remain open with the new future contract.

Upon effectuating such rollover, the Position’s open P/L (Profit / Loss) will express the price difference between the expired and new contract prices, as well as include a mark-up spread.

All the associated Limit Orders levels shall be automatically adjusted according to the new future contract price.

For example, if the last price of the WTI Oil February contract is $50.125 and the market price of the following contract (March) at that time is $50.805, then the price level of all the outstanding limit orders will be updated upwards by $0.68.

The rollover dates of contracts depend on the instrument you are trading, and those set out shall be the sole rollover dates applicable to iFOREX’s CFD.

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