IB TWS v847 beta

[The_End]

From a new and extremely pleased IB customer:

Can someone point me to where it explains, or explain to me how the Automatic Rollover feature works (in more detail then http://www.interactivebrokers.com/en/software/releaseNotes/TWS_Notes_847.php) on Futures with IB?

Eight days prior to expiration, I understand I will be prompted with that option but after that I am unsure what happens -- especially regarding the transaction cost(s); if there's one contract being rolled forward - are there two normal commission charges, or is there a different schedule for that?


TIA

 

[IBsoft]

Quote from The_End:

From a new and extremely pleased IB customer:

Can someone point me to where it explains, or explain to me how the Automatic Rollover feature works (in more detail then http://www.interactivebrokers.com/en/software/releaseNotes/TWS_Notes_847.php) on Futures with IB?

Eight days prior to expiration, I understand I will be prompted with that option but after that I am unsure what happens -- especially regarding the transaction cost(s); if there's one contract being rolled forward - are there two normal commission charges, or is there a different schedule for that?


TIA

The feature does not roll the future for you. It only ads the symbol of the next future month to your trading screen.

 

[The_End]

Thanks, IBsoft. One last question - is there an option available to rollover a position other than liquidating one position and repositioning it forward, requiring two transactions (such as a calendar spread)? If so, where may I read about it?

TIA

 

[IBsoft]

Quote from The_End:

Thanks, IBsoft. One last question - is there an option available to rollover a position other than liquidating one position and repositioning it forward, requiring two transactions (such as a calendar spread)? If so, where may I read about it?

TIA

There is no such feature. The only thing you can do is set up the spread and trade it.

 

[alanm]

Glad to see this feature - this has always been a pain.

IBsoft: Can you comment on how you determine what day and which month to use for contracts that are not as well defined in their rollover dates/months as the index and currency futures? In particular, the ag, oil, and metals seem to roll a variable number of days before first notice, and sometimes skip a month (as far as which month gets the volume/liquidity of the "front month").

 

[IBsoft]

Quote from alanm:

Glad to see this feature - this has always been a pain.

IBsoft: Can you comment on how you determine what day and which month to use for contracts that are not as well defined in their rollover dates/months as the index and currency futures? In particular, the ag, oil, and metals seem to roll a variable number of days before first notice, and sometimes skip a month (as far as which month gets the volume/liquidity of the "front month").

The rule we use is simplistic: we prompt the user to roll 8 days before the maturity date. This may not be appropriate for the materials futures.