A future contract carries an obligation to buy or sell the underlying asset at a determined time in the future at a price set today.
Libertex trading platform allows you to trade CFDs on futures. A CFD, or contract for difference, is a financial instrument allowing you to profit on underlying asset price fluctuations without owning the asset itself.
CFD on Futures Trading Conditions
Please note: As during the last days of a future's life its liquidity drops down drastically, the Company carries out the rollover to the nearest futures traded before the expiry date of the respective future contract.
To allow traders to hold long-term positions on CFDs on futures, these traders are given an automatic rollover feature.
Trade Rollover Process
When a contract is rolled over, such an open price is calculated so that at the moment of the first quote of the new contract available, the result of the previous trade received upon expiry may be saved.
To calculate a new open price on your own, you can refer to the following formula:
NewOpenRate' = 'NewContractPrice' * 'LastOpenRate' / 'ExpLastPrice', where: