Valutrades is pleased to announce the launch of our Index and Gold Futures CFD symbols.
What are Futures CFDs?
Futures CFDs are products whose pricing is based on the underlying monthly Futures contract. The actual Futures contracts are traded on an exchange and have a monthly expiry date (known as the “near month” or “front month”) whereupon they are rolled to the next month’s contract (known as the “far month” or “back month”).
Which Futures will I be able to trade?
US Index Futures based off the front month Futures contract:
Gold vs USD Futures based off the front month Futures contract:
From the 15th February our current UKOil and USOil futures products will be renamed to “UKOilFut” and “USOilFut”. Any existing positions will be renamed; if you have an EA that relies on the former name, please make sure you make the relevant adjustments:
How do Futures rollovers work?
Futures contracts have monthly expiry dates and as such do not require a daily rollover if the position is left open overnight. As they have a set expiry date, the cost of carry is built into the price. Shortly before expiry, your open position would be rolled to the next month’s Futures contract. A cash adjustment is placed on your account which is equal and opposite to the difference in pricing on the bid (if your position is long) and on the offer (if your position is short). The result is a rollover to the next month’s contract with no equity change on your account.
Valutrades will also provide an indicative rate for the next month’s Futures contract several days before the rollover in order for clients to see the next month’s pricing. However, it will not be a price you can trade on.
As per our current USOil and UKOil rollovers, pending orders are deleted before the rollover.
Details on Futures expiry dates are available on our Client Area.
When will they be available?
From the Market Open on 15th February our US Index and Gold Futures symbol will be available to trade on MT4, MT5 and FIX API.. You will be able to identify these new symbols as our Futures symbols all end in “Fut”.
We will also provide indicative Futures pricing on the Far month shortly before the Near month’s expiry. These symbols end in “FutFar”.
For any further questions regarding our Futures launch, please contact our support team who will be happy to provide you with more information.
The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.