2018 Position Rollover Calendar
Symbol | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW/USD | 8 | 12 | 11 | 11 | ||||||||
SPX/USD | 8 | 12 | 11 | 11 | ||||||||
NDX/USD | 8 | 12 | 11 | 11 | ||||||||
DAX/EUR | 15 | 14 | 13 | 13 | ||||||||
FTS/GBP | 15 | 14 | 13 | 13 | ||||||||
STX/EUR | 15 | 14 | 13 | 13 | ||||||||
XTI/USD | 9 | 13 | 13 | 10 | 15 | 12 | 10 | 14 | 11 | 9 | 13 | 11 |
XBR/USD | 23 | 20 | 20 | 17 | 22 | 19 | 24 | 21 | 18 | 23 | 20 | 20 |
JAP/USD | 6 | 5 | 4 | 4 | ||||||||
AUS/USD | 14 | 13 | 12 | 12 |
Position Rollover example
The rollover is the transition of switching from the front month contract that is close to expire, to the next front month contract. Some instruments offered are based on futures contracts which are periodically rolled. The rollover allows the account holder to maintain their current open position into the next month. Accounts that have positions open during the rollover period will receive a credit or debit in the amount equivalent to the associated swap point difference from the expiring months market price to the front months market price.First example
Position | Lot size | Expiring price | New price | Price Difference | Point value | P/L effect |
---|---|---|---|---|---|---|
Long SPX | 1.00 MT4 lot | 2359.50 | 2369.50 | 10 | 10.00 USD | 100 USD |
Short SPX | 1.00 MT4 lot | 2359.50 | 2369.50 | -10 | 10.00 USD | -100 USD |
From the example above, with the long open SPX position, the price difference from the expiring month to the new front month is a gain of 10 points. As the account generated a 100 USD (10 points x 10.00 USD) increase in value due to the new front month prices, the account will incur a negative rollover amount of 100 USD to offset the balance increase cause by the change in the front month. The short open SPX position would incur a 100 USD negative amount to the account an therefore will have a positive 100 US rollover to offset the balance decrease caused by the change in the front month.
Second example
Position | Lot size | Expiring price | New price | Price Difference | Point value | P/L effect |
---|---|---|---|---|---|---|
Long DAX | 1.00 MT4 lot | 12232.50 | 12292.50 | 60 | 10.00 EUR | 600 EUR |
Short DAX | 1.00 MT4 lot | 12232.50 | 12292.50 | -60 | 10.00 EUR | -600 EUR |
Please Note
The accounts that have a limit or stop order set on the expiring month are required to adjust their prices to take into consideration of the new front month prices. If the adjustments are not made accordingly, it is possible that your working orders will get triggered once the new month prices take effect.Fund your account with the following methods |
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