Jump to content
  • 0

Futures


Iggypops

Question

I have open positions in 3 Futures markets which all expire mid March. Could you explain what happens if they remain open at that point. Do they automatically close and I thus incur any consequential losses?  

Link to post

2 answers to this question

Recommended Posts

  • 0
On 14/01/2021 at 09:30, Iggypops said:

I have open positions in 3 Futures markets which all expire mid March. Could you explain what happens if they remain open at that point. Do they automatically close and I thus incur any consequential losses?  

Hey, 

It depends on the rollover instructions you have set for futures. 

If you've enabled rollover instructions a day before expiry we will close your position, you will realise the profit or loss, then open a new position in the next contract. 

If you've disabled rollover instructions we will close your position on the expiry date and you will realise the profit or loss. 

The rollover instructions can be found on the MyIG page by selecting settings> Rollover instructions.  I you change them make sure you save your preference. 

All the best

Link to post
  • 0
On 15/01/2021 at 11:47, CharlotteIG said:

Hey, 

It depends on the rollover instructions you have set for futures. 

If you've enabled rollover instructions a day before expiry we will close your position, you will realise the profit or loss, then open a new position in the next contract. 

If you've disabled rollover instructions we will close your position on the expiry date and you will realise the profit or loss. 

The rollover instructions can be found on the MyIG page by selecting settings> Rollover instructions.  I you change them make sure you save your preference. 

All the best

Thanks Charlotte, that's helpful. I'll have a look. Much appreciated. :)

 

  • Like 1
Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      14,275
    • Total Posts
      70,684
    • Total Members
      59,252
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Loulou
    Joined 26/02/21 17:56
  • Posts

    • Maybe IG have decided that with such exceptional demand, they don't need to worry about long term clients.  The exceptional mob will not be around for the long haul.  As a result of what IG have done, long term clients may not be around for the long haul either.
    • Charlotte, we keep seeing the message that's it's small caps that have been withdrawn. It isn't.  For example, Hikma has a market cap of £5.2bn and is in the FTSE100. How do we know which other companies IG might decide to do the same to? We are also told that it's due to exceptional client demand. In that case, limit new opening positions (buy and sell). Why should we long-term clients suffer due to this?
    • Hey,  I completely understand your frustration and I will pass it onto our senior team as well as the exposure desk.  The decisions has been made but I'm so sorry for how it's impacting your trading. With exceptional client demand in the equity space, we have reviewed our 12000 leveraged markets and decided to withdraw less than 1000 small cap equities, after a review of associated returns on these markets. We will continue to support these markets for Share Dealing, where that product is available. Sorry again for this inconvenience.  All the best 
×
×
  • Create New...