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Do you offer a Rollover Service?

Most of the instruments we offer, that are based on a futures contract, have a rollover date. You can find this information by clicking on the "Details" link on the main trading platform screen next to each instrument.
Whenever a futures contract reaches its automatic rollover date as defined for the instrument, all open positions and Orders are automatically rolled-over to the next futures contract. In order to nullify the impact on the valuation of the open position, given the change in the underlying instrument’s rate (price) for the new contract period, a compensating adjustment is made to the account. Stop Orders and Limit Orders are also adjusted, to reflect the rate (price) of the instrument in the new contract.
In other words, when a position is automatically rolled over from one contract period to the next period, an adjustment is made to your account to reflect the difference between the rate of the previous contract and the rate of the new contract. The value of your position continues to reflect the impact of market movement based on your original opening level. Accordingly, the adjustment is compensated for in the value of your open position. These actions complement each other, and ensure accurate profit/loss calculations for each contract period.
For example, you have a Buy position on Cocoa for the amount of 20 contracts. The last Sell rate for Cocoa's previous contract was 9.5, whilst the first Sell rate for the new contract is 10, this means that your open position is now valued $10 higher, ie: (10 – 9.5) x 20 = 10. An adjustment of $10 will be deducted from your account, ie: (9.5-10) X 20 = -10.

If the futures contract is not subjected to rollover, the position will close upon the expiry date set for the instrument, also available via the “Details” link. For more information about expiry of positions, please read: “What is an expiry date of an instrument?

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