Like Futures, Saxo Capital Markets' Commodity CFDs will expire each month and will be cash settled on the expiry date of the underlying future. Front month (current contract) and back month (following contract) will be offered to enable clients to manually roll positions from one contract to the next.
The specific expiry date and time for individual Commodity CFDs can be found in the trading platforms on either the Trade or Order tickets plus the Instrument Information pages.
Trading will cease at the specified time listed in the Contracts Specifications table for each contract. You should pay attention to when the Last Trade Day will take place as it differs contract to contract and month to month.
Any positions still open at the close of trading on the Expiry Date will be automatically closed at the closing price set by Saxo Capital Markets and cash settled.
For trading purposes, Saxo Capital Markets will quote both the current expiring month's contract and the following contract, where availability and liquidity allow.