Futures · Rookie
Flattening positions
Also searched as: get flat, flat deadline, flatten all
What does Flattening positions mean?
Flattening positions means closing open market exposure so that no position remains. A prop firm's daily flat deadline may also require cancellation of working orders that could reopen exposure.
Example
A trader closes two futures contracts and cancels resting entry orders before the program cutoff.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Use the provider's time zone and product schedule. An earlier contract close or holiday session can shorten the available exit window.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.