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Futures Contracts Roll Schedule

None of GCI's products, CFD or otherwise, "expire" or require the client to provide rollover instructions.  The below information indicates when the "near-by" price referenced by the CFD will change. The roll date page is informational and not a guarantee; the prices will roll when our data provider rolls the contracts to the following forward contract month. 

 

Product Roll Frequency Roll Schedule (reference price change)
S&P 500 Quarterly Two days before second Friday in March, June, September, and December
Nasdaq 100 Quarterly Two days before second Friday in March, June, September, and December
Dow Jones Quarterly Two days before second Friday in March, June, September, and December
Russell 2000 Quarterly Two days before second Friday in March, June, September, and December
DAX 30 Quarterly Two days before third Friday in March, June, September, and December
DJ Euro Stoxx Quarterly Two days before third Friday in March, June, September, and December
CAC 40 Monthly Third Friday of the contract month
FTSE 100 Quarterly Two days before third Friday in March, June, September, and December
IBEX 35 Monthly Third Friday of the contract month
Swiss Market Index Quarterly Two days before third Friday in March, June, September, and December
SPI 200 Quarterly One day before third Thursday in March, June, September, and December
Bovespa Index Bi-Monthly The Wednesday closest to the 15th calendar day of the contract months of February, April, June, August, October, and December.
Nikkei 225 Quarterly Two days before second Friday in March, June, September, and December
MSCI Taiwan Monthly Second to last business day of Contract month
Hang Seng Monthly Second to last business day of Contract month
BSE Sensex Index Monthly Last Thursday of the contract month
NSE Nifty Index Monthly Last Thursday of the contract month
Crude Oil

Monthly

Two business days prior to the third business day prior to the 25th calendar day of the month preceding the delivery month.
Natural Gas

Monthly

Two business days prior to the third business day prior to the first calendar day of the delivery month.
Copper

Monthly

Two business days before the third to last business day of the maturing delivery month.
Lumber

January, March, May, July, September, and November

Three business days prior to the 16th calendar day of the contract month.
Soybeans

January, March, May, July, August, September, and November

Three business days prior to the 15th calendar day of the contract month.
US Treasury Notes

Quarterly

Two business days before the seventh business day preceding the last business day of the delivery month.
Euro (German) Bund

Quarterly

8th Calendar day of the delivery month.
Currencies None - Spot Market NA
Gold None - Spot Market NA
Silver None - Spot Market NA
Shares None - Spot Market NA

 
Note that rolls in the reference price month will not affect your P&L - any necessary adjustments will be made to compensate for changes in price due to a roll.

Example:
The Crude Oil market rolls from $79.15 to $80.25; this denotes an upward roll of $1.10 (110 pips). In this case, a long position would be charged and a short position would be paid the equivalent amount per lot. In Standard accounts, that would equate to $1,100. and in mini accounts $110. per lot.

In a case where the market rolls down, the opposite actions would be taken: a short position would be charged and a long position would be paid.

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