Energy trading has a monthly expiration (please see expiration table).
Clients that hold an open position on the ‘Pruton Capital Expiration’ will be closed at our bid/ask price at:
US Crude Oil – 05:00 GMT
The only effect of this is the Client will realise any floating profit or loss at the time it is closed.
Client buy 5 contract @ 70.00.
One day prior to expiration, the expiring month is trading @ 73.00.
The Client’s position is closed @ 73.00 and the profit is credited to the Client’s trading account.
All pending orders that are associated with the expiring contract will be cancelled.
Client will need to re-establish with new position (assuming they wish to) and re-enter pending orders to the new position.
US Crude Oil (NYMEX) Expiration Table 2018
|Contract Month||Exchange Expiration||Pruton Capital Expiration|
|Dec 17||20 Nov||17 Nov|
|Jan||19 Dec||18 Dec|
|Feb||22 Jan||19 Jan|
|Mar||20 Feb||19 Feb|
|Apr||20 Mar||19 Mar|
|May||20 Apr||19 Apr|
|Jun||22 May||21 May|
|Jul||20 Jun||19 Jun|
|Aug||20 Jul||19 Jul|
|Sep||21 Aug||20 Aug|
|Oct||20 Sep||19 Sep|
|Nov||22 Oct||19 Oct|
|Dec||19 Nov||16 Nov|
Pruton Capital is the Trading Name of Pruton Group of Companies.