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Rollover question. Yes another one

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Hi all, I understand the principle and practice of auto rollover from one expiring contract to another. But...

At the time of rollover of brent oil Sept to Oct at 21:18 on the 27th July 22 the prices used were as follows. These are the actual closed/ open prices used by IG on my spread bet account 

Sept  10665

Oct  10165

But at that 21:18 point Oct futures was showing a price of around 10245. 

So instantly I'm down. Ignoring the spreads.

I was told you don't loose out due to a rollover Ignoring spread but how can that be based on the above were did 10165 oct opening come from when showing 10245 at that exact time. 

Anyone please :/



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Hi @miiky

We rollover positions based on the official settlement levels. 

The official settlement for the SEP contract was $106.62. OCT was $101.62. The difference being accounted for in spread. The positions were rolled over after the underlying had already settled, so the market had already moved by the time the rollovers were done. Regardless you are closed at official levels on both ends. Please see the rollover section from the platform attached:


All the best, 


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