Futures · Pro
First notice day
Also searched as: FND
What does First notice day mean?
First notice day is the first date on which delivery notices can be issued for a deliverable futures contract under its exchange rules. It is distinct from the final trading date.
Example
A trader exits before a broker's delivery-risk cutoff even though exchange trading continues.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Retail prop access does not imply permission to take delivery. Consult the contract calendar and any earlier provider deadline.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.