Update to Expiration Rules from 1 August 2020

Announcement from 23/07/2020

WTICrude, BrentCrud trades to be closed at contract expiration

Starting 1st August 2020, a few changes to the Expiration Rules will come into effect.

At market close on expiration day for WTICrude / BrentCrud:

  • Open trades will be closed, and any floating profit/loss will be realised;
  • Pending orders will be cancelled.
  • The following trading day, WTICrude / BrentCrud will open with the next month’s futures contract as price reference. You can then manually re-establish any positions.

    First expiration event under the new rules: WTICrude on 19th August 2020.

    To avoid having your trades affected, consider closing them before expiration, or trading our non-expiring oil CFDs: WTISpot, BrentSpot.

    Expiration Rules may be changed in the future, including the upcoming expiration schedule. Please always refer to our website for up-to-date information.

    Should you have any questions, please do not hesitate to contact us.

Please note that some older news announcements may now be out of date and not currently accurate.

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