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I will be switching from doing primarily CL, GC and DAX futures to additionally doing German Bund Futures on the Eurex into my daily routine.
I have a question on when i will need to begin rolling over the contract onto the next month as i do not wish for there to be a situation when i find myself having to buy/sell 100 000 Euros worth of Bonds onto my counterparty
I'd appreciate your help and information valid for the current month.
Kind regards!
Can you help answer these questions from other members on NexusFi?
The Bund futures expires two business days prior to the 10th of each month. As June 10 is a Sunday, the last trading day should be Thursday, June 7. The Bund futures are trading until 12:30 PM on that day.
Liquidity only switches to the new contract on the last trading day. I would switch to the new contract on the second but the last trading day, but you can also switch in the early morning hours of the last trading day.
If you are long any contracts on first notice day, your broker will raise your margin to account for that to make sure you either trade the correct contract or have enough in the account for delivery. I would roll by first notice.
For FGBL the first notice day is the last trading day, which is June 7. So indeed, you should roll latest on June 6 to avoid to be assigned for purchase of any obligations, if you have a long position.
I have a small excel table for all the futures contracts that I trade where I list the last trading day and first notice day. I then switch to the new contract when liquidity (daily volume) shifts, but never later than 1 day prior to expiry and 1 day prior to first notice day.
Thank you for this response, do we have some dedicated FGBL or Schatz/Bobl traders in here discussing their trades/scalps? Couldn't find a dedicated thread.
Just finished opening up my Velocityfutures account, will write a review in the velocity thread for now, waiting on compliance to finish up the risk privilege crediting.
Will start the thread then BTW any specific place i should place it/open it?
BTW any specific place i should place it/open it?