CFD Contract Expiry
FOREX.com’s CFD contracts are futures-based, and as such have monthly or quarterly expiries. The expiry of the FOREX.com contract is intentionally several days before the respective futures contract to avoid expiry-related price volatility.
Upon expiry, all trades and orders for the expiring equity index CFD will be closed. FOREX.com equity index CFDs expire at 16:15 New York time.. When trading resumes post-expiry, the FOREX.com price will then be based on the next-nearest expiring futures contract price.
Expiring contracts will be cash settled at the FOREX.com closing rate as of 14:15 New York time on the expiration date.
At the time of expiry, the equity index CFD price will move from the current, expiring contract, to the next-nearest expiring contract.
End of Day Order Expiry
End-Of-Day orders on CFD contracts will expire at 17:00 New York time on Monday through Friday. End- of- Day orders placed after 17:01 will expire the following day. Note that this convention is consistent with currency, oil, and spot metals End-of-Day orders.
On Expiration Date, End-of-Day orders will expire at 16:15 New York time.
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Material taken with permission from Forex.com. Adaptation - International Trading School d.o.o. Beograd |
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