2018 Position Rollover Calendar

The following CFD contracts will automatically rollover to the next liquid contract before the current contract expires. The information below provides the rollover dates that will take place. Please note that this information is for indication purposes only and is subject to change due to either low liquidity or unforseen changes by the exchanges.

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

From the example above, with the long open DAX position, the price difference from the expiring month to the new front month is a gain of 60 points. As the account generated a 600 EUR (60 points x 10.00 EUR) increase in value due to the new front month prices, the account will incr a negative rollover amount of 600 EUR to offset the balance increase cause by the change in the front month. The short open DAX position would incur a 600 EUR negative amount to the account and therefore will have a positive 600 EUR rollover to offset the balance decrease caused by the change in the front month.

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.

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