explain roll over to me - if i'm long 1 ES for example and the contract expires, what happens? do i get a one contract long position on the march contract? or does the contract just expire and the PL on the position gets booked into my account?
Index futures are cash settled. You may want to look up on the product descriptions of the instruments you trade
I had a YG mini Gold contract and IB liquidated it in the morning (9:40am EST) at the current price, no extra charges just the standard commissions. This is my EliteTrader post about it: My first YG future gold trade and a question