Automatic rollovers are enabled by default for open positions on futures or forward contracts. This means the current contract will automatically roll over into the next available contract when it expires, allowing you to maintain your exposure to that market. You can choose to disable automatic rollovers if you don’t want new positions to be opened automatically at expiry.
Please note: regardless of your automatic rollover instruction, any running profits or losses (P/L) will be realised. Settlement will be based on the official closing price reported by the exchange. Settlement dates and times can be found in the ‘info’ section of the dealing ticket on our platform.
How do I set up the instructions?
- You can set up automatic rollover instructions by logging in to your My IG dashboard
- Go to the ‘settings’ tab, select ‘rollovers’ and then follow the instructions
- Once rollovers have been set up on your account, you’ll receive a confirmation email
Example:
You have an open position on Apple Inc (all sessions) on a 21 September forward contract. It will automatically roll over into the next available contract (21 December), meaning a new position of the same size and direction will be opened. You’ll also realise the P/L from the 21 September contract and open a new position size into the next contract.
If you’d like to disable automatic rollovers, the position will automatically close at the last traded price (reported by the underlying exchange) – including the IG spread – on the expiry date of 14 September 2021, in this case.
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