Dear Customer,
Futures contracts have set durations as set out by the Exchange. Currently, we do not support the automatic switching of positions from one month to the next. Therefore, if clients want to maintain exposure to the underlying product, action is required to either buy or sell the product. This would involve closing the old contract and opening a new position in a futures contract with a later expiry date.
The expiry date of ATFXGM’s US Crude Dec 2023 (USOIL. DEC23) is Nov 16, 2023 (Thursday). Hence, the system will close the position automatically based on the closing price of the day. You are advised to manage the position before the expiry date Nov 16, 2023 at 23:55 (system time GMT+2), which is the Beijing time GMT +8 on Nov 17, 2023 at 05:55.
In the MT4 platform, you can also find the expiry date of USOIL.DEC23 as follow:
Moreover, you can start trading the following instruments by the dates and times listed below:
| Instrument | First Trading Dates and Times (System time GMT+2) | First Trading Dates and Times (Beijing time GMT+8) |
| USOIL.JAN24 | 01:01 (GMT+2) on Nov 14, 2023 |
07:01 (GMT+8) on Nov 14, 2023 |
If you have any enquiries, please don’t hesitate to contact us. Thank you for choosing ATFX as your trading partner!
ATFX
