Future Contract Expiry and Rollover Sample Clauses

Future Contract Expiry and Rollover. On Future Contracts, we may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument. • In the event we set an Expiry Date for a specific Underlying Asset, it is your responsibility to make yourself aware of the Expiry Date and time. • For Futures Contracts on our Trading Platform we may, at our absolute discretion, set an automatic Rollover to the next tradable contract. Rollover dates are unique to each type of contract being traded and vary in duration and are displayed in the Trading Platform in the details link for each Future. Where an automatic Rollover occurs, the original position will remain open and continue trading on the next contract. In these cases, an adjustment will be made to your balance in order to reflect the difference between the price of the expired contract and the price of the new contract. For more information on the balance adjustment calculation please refer to General Fees Document. Clients with open positions who do not wish to have their positions rolled over onto the next contract should close their positions before the schedule Rollover. We may, at our sole and absolute discretion, with respect to an Instrument which has an automatic Rollover, remove the automatic Rollover and set back an Expiry Date. Such a change will effect both new positions and existing open positions. In such circumstances, we will notify you by email prior to such change to any existing trade, however, you acknowledge that it is your responsibility to make yourself aware of the specific Instrument details available on the Trading Platform. In respect of a Rollover of an open position, it is your responsibility to ensure that your trading account has sufficient cleared funds to meet the margin required on any relevant new trade to be entered into as part of a Rollover. We reserve the right acting reasonably and in accordance with our regulatory obligations to require you to close out Transactions in a timely manner in the event that a trading instrument is removed from the Trading Platform. Where Transactions remain open for more than 7 (seven) days following our requirement for you to close them out, we reserve the right to close such Transactions on your behalf at the last available price.
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Future Contract Expiry and Rollover. 5.1. On Future Contracts, we may, in our sole and absolute discretion, set an Expiry Date and time for a specific Instrument.
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