Futures · Rookie
Futures expiration
What does Futures expiration mean?
Futures expiration is the end of a contract’s defined life, after which its settlement provisions apply. Last trading and delivery-related deadlines depend on the product.
Example
A trader exits a nearby contract before its permitted final trading date.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
A broker or prop firm can impose an earlier cutoff than the exchange’s deadline.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.