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I want to learn how to find expiration dates of the 6E Euro FX Future.
On the CME website the Globex Code says 6EM1. In my software i can trade the 6EM1.
Furthermore i got different but similar named contracts like 6EU1, 6EZ1... (Four contracts a year)
But when in go on the expiration calender of CME i found totally different contract codes and not four-times-a-year-expiration-contracts like in my software. In the CL its the same thing..
How do i find the expiration days of the futures contract that i need to pay attention to when trading?
Sorry for the very basic question,
Thanks!
Can you help answer these questions from other members on NexusFi?
Or look at the CME quote board for each product and trade the month with the highest volume, https://www.cmegroup.com/trading/fx/g10/euro-fx_quotes_globex.html
You can also add the current product front month to a quote board in your trade platform and when close to the roll date add the next month's product so you can compare the volume. Some platform's like Tradovate will tell you when you open it whether a product you have on your charts has rolled to a new month with higher volume. Other platforms can have methods of notifying/rolling over for you too.
The Currencies roll four times a year: March, June, Sept and Dec. I have a note of as it being approximately "the Friday. prior to the 3rd Wed. of contract month."
Crude Oil rolls every month. I have a note of as it being approximately "3rd bus. day prior to 25th day prev. month* (In reality it seems to often be the end of the week before)"
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
You'll generally want to trade the "front month," which is usually the contract with the greatest volume. This will usually be the contract with the nearest settlement date to today, but it will switch out to the next one in the week or so before settlement. As we approach a contract's settlement date, most traders will generally roll out of the current contract and into the next one out. There is a formal "roll date," which is determined by the calendar and is usually a week before the settlement, or you can keep tabs on the current volume and roll out when the next contract out starts to exceed the current contract's volume (which is often a day or so after the calendar roll date.) Unless you meet the requirements to actually receive or deliver the underlying commodity (which, trust me, you don't ), your broker will close you out before settlement if you haven't rolled.
For instance, on many products we are on the June 2021 contract as the lead or front month. This is usually designated by the month code "M" for June and a "1" for 2021 in the symbol. So the Euro (which is "6E") has a designation for its current front month of "6EM1", or something similar in different trading platforms.
If you click on the contract specifications link provided by @matthew28 above, you will see at the top of the page the Globex Code "6EM1."
Symbols can get a little odd between different data feeds, but use the base symbol ("6E") and the settlement month/year as your guide.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Im glad others responded because I've never traded 6E.
I *ASSumed* it was 4 times a year (which it is... Mar, Jun, Sept, Dec) but the link you posted from the CME is confusing to me... It states that quarterly contracts are listed for 20 consecutive quarters and serial contracts listed for 3 consecutive months???
Not even sure what that means. It does make it look like it's like crude... every month!?!!
*** I would ignore that link and listen to the great posts above. ***
The thing with expirations is that although they are very important they happen infrequently and at basically same time every year.
Plus your software SHOULD let you know. Maybe check your settings. If not maybe contact your broker or chart provider and ask.
6E for retail-traders rolls quarterly, but there are some month between with less volume, nobody trades em, except some large hedgers
some situation with Gold, Gold rolls each 2 month, but there are also some month between which are not interesting for retail-traders, also nobody trade the Oct-Gold, Gold (volume) roll from Aug to Dec
