How do I roll or unwind a futures contract?

You can manage your upcoming futures contract expirations using the Rebalance dashboard. LUSID generates the suggested orders for you to:

• Unwind a futures contract, that is, sell out of the position

• Roll a futures contract, that is, replace the futures contract with an equivalent futures contract with a later maturity date

To do so:

1. Sign in to the LUSID web app with suitable credentials.

2. Navigate to Portfolio Management > Rebalance via the top left menu.

3. Choose your Rebalance dashboard configuration as usual.

4. Select one or more Future holdings that you wish to roll or unwind. Note you can select all rows in the Rebalance grid to manage all of your Future holdings at once.
   

5. Select the Options icon > Unwind / Roll.
   

6. Select Unwind or Roll from the Unwind / Roll dropdown.
   

7. If you select:

   • Unwind: LUSID suggests an order to sell out of the position. If you wish to proceed with the order, click Create.
     

   • Roll: LUSID suggests orders to:

     • Sell out of the current position

     • Prompt you to select an extended Future to buy at the current market price

     You can make any adjustments to the new Future order as usual, then select Create.
     

Once you click Create, LUSID creates and blocks orders for each instrument to be traded. You can use the Order Blotter to manage and monitor your orders and executions as usual. Read more.

Note

For future roll orders, LUSID can block orders for multiple different sides together. For each order, LUSID looks up the transaction type configuration role to determine the direction of the order. Read more.