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Important note: The expiration dates listed here refer to the current month. Instaforex will update the expiration dates at the beginning of the month. If you trade our futures instruments, we recommend that you always check the current expiration dates on this page at the beginning of the month.
Important note: If futures are held beyond the expiration date the position is automatically rolled over to the next expiration date. Please note that in case of rollover there may be a price difference between the expiring and the new futures contract. Difference will be credited or debited to your trading account.
Future instruments (Future contracts) have an expiry date and they expire (or End). Since VIX.x is futures contract it is subject to expiry, meaning: the old contract expires, and a new contract is initiated. Positions that are not closed by the Contract expiry date will be automatically rolled over to the new contract. In simple words, the company will automatically carry forward your positions from one month to another. Since the new contract may open at a different price the account will be adjusted to reflect the change to the new contract.
Consider an example: Suppose you have a position in VIX.x, volume 100 in direction Buy, and the old contract expires, your position is moved to the new contract. If the old contract closes at 18.10 and the new contract opens at 18.75 there is a difference of 0.65 Points between the contracts. Since it is a rollover, you will neither gain nor lose money due to contract change. Thus, the finance department will adjust your account by Points*Volume*Contract Size (e.g. 0.65X100X1= - 65 USD). Alternatively, if you are in SELL direction and you lose money due to rollover the finance department will reimburse 65 USD to your account.
The client needs to ensure that there is sufficient margin for the positions to be rolled over. If the funds are not enough, especially if other positions are open as well, the client may choose not to rollover the positions and thus close them before the rollover date.
All Open positions will be automatically carried forward to the new contract. Adjustments will be made reflecting the difference between the old contract and the new contract.
No, as explained with the example above, your account will be adjusted with “Rollover adjustments” thus you will not gain or lose money due to rollover.
No, since the positions will just continue trading at the new prices there will be no extra cost.
The client can simply settle the positions, that is, close them and realize the floating profit or loss. Any positions left open during the period of rollover will be rolled over automatically by the company as explained above.
