CFD Futures are derivative contracts based on the futures market. Because of this, they have expiry or rollover dates, similar to standard futures contracts.
The letter after a CFD Futures symbol indicates the contract’s expiry month, while the number usually represents the year.
Futures month codes
Each letter corresponds to a specific expiry month:
F – January
G – February
H – March
J – April
K – May
M – June
N – July
Q – August
U – September
V – October
X – November
Z – December
Examples (2025)
CL.Z25
CL = Crude Oil
Z = December
25 = 2025
→ December 2025 Crude Oil CFD Futures contract
DJ.H25
DJ = Dow Jones
H = March
25 = 2025
→ March 2025 Dow Jones CFD Futures contract
Why do some CFD Futures expire monthly and others quarterly?
Energy CFD Futures usually expire monthly
Index CFD Futures usually expire quarterly
This depends on the structure of the underlying futures market.
What happens at expiry?
As a CFD Futures contract approaches expiry, it is typically rolled over to the next available contract. This process may involve a price adjustment.