/notification/t2021041501/
SUPPORT
NOTIFICATIONS
Dear Client,
Due to the changes made by our liquidity provider, we will cease to offer Volatility Index (VIX) Cash and US Dollar Index (USDX) Cash, and change the asset class from Cash to Futures.
The dates of contract switching are as follows:
What will happen to my open positions?
Any open positions on Volatility and US Dollar Index Cash will then be held on an expiration and futures basis.
Adjusted Volatility and US Dollar Index Futures positions will then NOT be subjected to overnight financing charges, and instead be subjected to rollover adjustment if you hold over the monthly expiration date, appearing on your statement as “Cash Adjustment-Rollover”.
What is the rollover?
The concept of the rollover is switching the expiring contract to a new contract prior to expiration without asking clients to close their position.
The rollover adjustment does not eliminate the associated market risk between the market close and the market re-open of the rollover date.
What can I do to avoid rollover adjustment?
To avoid rollover adjustment, you may choose to close any Volatility and US Dollar Index open positions you many have in your account before the contract switching this time and a day prior to any of the following expiration dates.
Thank you for your patience and understanding with regard to this important initiative.
If you’d like more information, please don’t hesitate to contact [email protected].
Education
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