Why do some brokers force traders to pay the spread and some brokers don't for rolling over the contract. the spread is like $1-$2 on rollover day.
http://www.odlmarkets.com/oil/oil_rollover_explained.php Rollover Examples Example 1 Long position of 1000 barrels @ $113.47 Cash adjustment of - $1,380 is made on account Profit of $1,380 is made on open position Net financial effect is zero. Example 2 Short position of 2000 barrels @ $113.47 Cash adjustment of +$2,760 is made on account Loss of $2,760 is incurred on open position Net financial effect is zero. -------------------------------------------------------------------------------- When the ODL oil price is rolled from one month into the next this is booked at the official futures settlement price on the exchange (e.g. $1.38). Every other trader in the market would need to pay âthe spreadâ which could be a cost of anything up to about 10 cents ($1.33/ $1.43). At ODL we do not pass on this cost to our customers.