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What is a futures contract?
A futures contract is an agreement to buy or sell a financial instrument at a predetermined price and time in the future.
Futures contracts have a limited lifespan, meaning they have pre-set open and expiration dates. At the time of expiration, all open positions in the contract will close.
We don’t automatically rollover positions to the next contract. So, if you want to maintain an open position on the underlying instrument, you’ll need to open a new position in the next contract once it goes live.
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