IB Futures Rollpver

Discussion in 'Retail Brokers' started by steveal, Dec 19, 2005.

  1. steveal


    TWS offered to rollover my NQ futures on Friday (or was it Thursday?). In any case the DEC NQs were sold but no MAR NQs were bought. I've ended up with no future(s)!

    Did I misunderstand what was being offered, or did IB/TWS scew up?


  2. Steve_IB

    Steve_IB Interactive Brokers

    I think you may have misunderstood. Please see the attached for the pop-up which I believe you are referring to.
  3. mokwit


    Steve, how do you get that feature back after pressing something and somehow cancelling it (is it configure/auto futures rollover and then tick box?).

    hle I'm here, is it the futures combo feature that is used for actual R/O?
  4. Steve_IB

    Steve_IB Interactive Brokers

    Yes, that should do it.
  5. mokwit


    Thanks. Useful feature.
  6. Xenia


    NQ DEC06 expired last Friday. That is the reason why it is gone.

    The TWS rollover feature does not buy or sell anything.
  7. gkishot


    Question: what happens with the long position in case the futures contract was never sold and has expired? Does the investor have to buy the underlying commodity after expiration or the contract is closed out by the brokerage firm and this way delivery is prevented?
  8. There is no delivery to prevent for NQ. In fact, most existing futures contracts worldwide -- including all equity index and currency futures -- are subject to cash settlement, as opposed to physical delivery. If you, the holder of either a long or a short position in such a future, take no action on expiration date, you'll automatically, regardless of who your broker is:

    1) have that position closed; and

    2) get debit or credit, if any, for the difference between the final settlement price and the underlying reference price.
  9. cvds16


    I guess some people really start trading without really having a clue at all.
    #10     Dec 19, 2005