What is a futures contract?

A futures contract is an agreement to buy (“go long”) or sell (“go short”) a trading instrument (a financial asset or real asset) at a predetermined price and time in the future.

Futures contracts have limited lifetimes; they have pre-set open and expiration dates. At the expiration date, any open positions in the contract must close; anyone wishing to keep a position in the underlying instrument needs to open a position in the next expiration contract.

This is called rollover.

Need help?

If you have a question that isn't covered in the Help Center, please contact us and one of our representatives will be happy to help you.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.