Physically delivered products (which include products eligible and ineligible to trade at negative prices) are subject to a close-out period1. Also subject to a close-out period are oil-related futures contracts which are eligible to trade at negative prices, which includes those with settlement in terms of either physical delivery or cash settlement at expiration.
As the risk of a product's value may decline into negative prices, and to avoid deliveries of expiring futures contracts, including those resulting from futures options expiry, clients must roll forward or close out positions prior to the start of the Close-Out deadline specific to that contract. Any physically delivered contract, including cash settled oil futures contracts which are not closed out within the specified time frame, may be liquidated by IBKR without prior notification. Additionally, beginning five business days prior to expiration, only margin-reducing transactions in expiring month contracts will be accepted for oil-based products eligible to trade at negative prices.
| Exchange | Trading Class | Contract Month | Description | Applicable to Cash/IRA Accounts Only | Start of Close-Out Period 2 | Long Futures Cutoff 3 | Long Futures Liquidation 5 | Short Futures Cutoff 4 | Short Futures Liquidation 5 |
|---|---|---|---|---|---|---|---|---|---|
| CBOT | ZS | 202311 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2023/10/30 13:15 | 2023/10/30 8:30 | 2023/10/30 13:15 | 2023/10/30 8:30 |
| CBOT | ZS | 202309 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2023/08/30 13:15 | 2023/08/30 8:30 | 2023/08/30 13:15 | 2023/08/30 8:30 |
| CBOT | ZS | 202305 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2023/04/27 13:15 | 2023/04/27 8:30 | 2023/04/27 13:15 | 2023/04/27 8:30 |
| CBOT | ZS | 202308 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2023/07/28 13:15 | 2023/07/28 8:30 | 2023/07/28 13:15 | 2023/07/28 8:30 |
| CBOT | ZS | 202401 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2023/12/28 13:15 | 2023/12/28 8:30 | 2023/12/28 13:15 | 2023/12/28 8:30 |
| CBOT | ZS | 202403 | SOYBEAN FUTURES | No | 1 business day prior to cutoff | 2024/02/28 13:15 | 2024/02/28 8:30 | 2024/02/28 13:15 | 2024/02/28 8:30 |
| CBOT | ZT | 202303 | 2-YR TREAS. | No | 2 business days prior to cutoff | 2023/02/27 15:15 | 2023/02/24 7:20 | 2023/03/31 12:01 | 2023/03/30 7:20 |
| CBOT | ZT | 202306 | 2-YR TREAS. | No | 2 business days prior to cutoff | 2023/05/30 15:15 | 2023/05/29 7:20 | 2023/06/30 12:01 | 2023/06/29 7:20 |
| CBOT | ZT | 202309 | 2-YR TREAS. | No | 2 business days prior to cutoff | 2023/08/30 15:15 | 2023/08/29 7:20 | 2023/09/29 12:01 | 2023/09/28 7:20 |
| CBOT | ZW | 202305 | WHEAT FUTURES | No | 1 business day prior to cutoff | 2023/04/27 13:15 | 2023/04/27 8:30 | 2023/04/27 13:15 | 2023/04/27 8:30 |
| CBOT | ZW | 202307 | WHEAT FUTURES | No | 1 business day prior to cutoff | 2023/06/29 13:15 | 2023/06/29 8:30 | 2023/06/29 13:15 | 2023/06/29 8:30 |
| CBOT | ZW | 202403 | WHEAT FUTURES | No | 1 business day prior to cutoff | 2024/02/28 13:15 | 2024/02/28 8:30 | 2024/02/28 13:15 | 2024/02/28 8:30 |
| CBOT | ZW | 202312 | WHEAT FUTURES | No | 1 business day prior to cutoff | 2023/11/29 13:15 | 2023/11/29 8:30 | 2023/11/29 13:15 | 2023/11/29 8:30 |
| CBOT | ZW | 202309 | WHEAT FUTURES | No | 1 business day prior to cutoff | 2023/08/30 13:15 | 2023/08/30 8:30 | 2023/08/30 13:15 | 2023/08/30 8:30 |
| CDE | CGB | 202303 | 10-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/02/24 16:00 (ET) | 2023/02/23 6:00 (ET) | 2023/02/24 16:00 (ET) | 2023/02/23 6:00 (ET) |
| CDE | CGB | 202306 | 10-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/05/29 16:00 (ET) | 2023/05/26 6:00 (ET) | 2023/05/29 16:00 (ET) | 2023/05/26 6:00 (ET) |
| CDE | CGB | 202309 | 10-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/08/29 16:00 (ET) | 2023/08/28 6:00 (ET) | 2023/08/29 16:00 (ET) | 2023/08/28 6:00 (ET) |
| CDE | CGB | 202312 | 10-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/11/28 16:00 (ET) | 2023/11/27 6:00 (ET) | 2023/11/28 16:00 (ET) | 2023/11/27 6:00 (ET) |
| CDE | CGF | 202303 | 5-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/02/24 16:00 (ET) | 2023/02/23 6:00 (ET) | 2023/02/24 16:00 (ET) | 2023/02/23 6:00 (ET) |
| CDE | CGF | 202306 | 5-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/05/29 16:00 (ET) | 2023/05/26 6:00 (ET) | 2023/05/29 16:00 (ET) | 2023/05/26 6:00 (ET) |
| CDE | CGF | 202309 | 5-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/08/29 16:00 (ET) | 2023/08/28 6:00 (ET) | 2023/08/29 16:00 (ET) | 2023/08/28 6:00 (ET) |
| CDE | CGF | 202312 | 5-year Canadian Government Bond | No | 2 business days prior to cutoff | 2023/11/28 16:00 (ET) | 2023/11/27 6:00 (ET) | 2023/11/28 16:00 (ET) | 2023/11/27 6:00 (ET) |
| CDE | CGZ | 202303 | 2-year Government | No | 2 business days prior to cutoff | 2023/02/27 16:00 (ET) | 2023/02/24 6:00 (ET) | 2023/02/27 16:00 (ET) | 2023/02/24 6:00 (ET) |
| CDE | CGZ | 202306 | 2-year Government | No | 2 business days prior to cutoff | 2023/05/30 16:00 (ET) | 2023/05/29 6:00 (ET) | 2023/05/30 16:00 (ET) | 2023/05/29 6:00 (ET) |
| CDE | CGZ | 202309 | 2-year Government | No | 2 business days prior to cutoff | 2023/08/30 16:00 (ET) | 2023/08/29 6:00 (ET) | 2023/08/30 16:00 (ET) | 2023/08/29 6:00 (ET) |
| CDE | CGZ | 202312 | 2-year Government | No | 2 business days prior to cutoff | 2023/11/29 16:00 (ET) | 2023/11/28 6:00 (ET) | 2023/11/29 16:00 (ET) | 2023/11/28 6:00 (ET) |
| CME | 6A | 202306 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6A | 202309 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6A | 202312 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6A | 202403 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6A | 202304 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6A | 202305 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6A | 202307 | AUSTRALIAN DOLLARS | Yes(1) | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6B | 202306 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6B | 202309 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6B | 202312 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6B | 202403 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6B | 202304 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6B | 202305 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6B | 202307 | BRITISH POUND | Yes(1) | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6C | 202306 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/06/20 09:16 | 2023/06/19 8:30 | 2023/06/20 09:16 | 2023/06/19 8:30 |
| CME | 6C | 202309 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/09/19 09:16 | 2023/09/18 8:30 | 2023/09/19 09:16 | 2023/09/18 8:30 |
| CME | 6C | 202312 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/12/19 09:16 | 2023/12/18 8:30 | 2023/12/19 09:16 | 2023/12/18 8:30 |
| CME | 6C | 202304 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/04/18 09:16 | 2023/04/17 8:30 | 2023/04/18 09:16 | 2023/04/17 8:30 |
| CME | 6C | 202305 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/05/16 09:16 | 2023/05/15 8:30 | 2023/05/16 09:16 | 2023/05/15 8:30 |
| CME | 6C | 202307 | CANADIAN DOLLAR | Yes(1) | 2 business days prior to cutoff | 2023/07/18 09:16 | 2023/07/17 8:30 | 2023/07/18 09:16 | 2023/07/17 8:30 |
| CME | 6E | 202306 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6E | 202309 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6E | 202312 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6E | 202403 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6E | 202304 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6E | 202305 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6E | 202307 | EUROFX-EUR/USD | Yes(1) | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6J | 202306 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6J | 202309 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6J | 202312 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6J | 202403 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6J | 202304 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6J | 202305 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6J | 202307 | JAPANESE YEN | Yes(1) | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6M | 202306 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6M | 202309 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6M | 202304 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6M | 202305 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6M | 202312 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6M | 202307 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6M | 202308 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/08/14 09:16 | 2023/08/11 8:30 | 2023/08/14 09:16 | 2023/08/11 8:30 |
| CME | 6M | 202403 | MEXICAN PESO | No | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6M | 202310 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/10/16 09:16 | 2023/10/13 8:30 | 2023/10/16 09:16 | 2023/10/13 8:30 |
| CME | 6M | 202311 | MEXICAN PESO | No | 2 business days prior to cutoff | 2023/11/13 09:16 | 2023/11/10 8:30 | 2023/11/13 09:16 | 2023/11/10 8:30 |
| CME | 6M | 202401 | MEXICAN PESO | No | 2 business days prior to cutoff | 2024/01/12 09:16 | 2024/01/11 8:30 | 2024/01/12 09:16 | 2024/01/11 8:30 |
| CME | 6M | 202402 | MEXICAN PESO | No | 2 business days prior to cutoff | 2024/02/16 09:16 | 2024/02/15 8:30 | 2024/02/16 09:16 | 2024/02/15 8:30 |
| CME | 6N | 202306 | NEW ZEALAND DOL | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6N | 202309 | NEW ZEALAND DOL | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6N | 202312 | NEW ZEALAND DOL | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6N | 202403 | NEW ZEALAND DOL | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6S | 202306 | SWISS FRANC | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6S | 202309 | SWISS FRANC | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6S | 202312 | SWISS FRANC | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6S | 202403 | SWISS FRANC | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6Z | 202306 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | 6Z | 202309 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | 6Z | 202312 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | 6Z | 202403 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | 6Z | 202304 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/04/17 09:16 | 2023/04/14 8:30 | 2023/04/17 09:16 | 2023/04/14 8:30 |
| CME | 6Z | 202305 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/05/15 09:16 | 2023/05/12 8:30 | 2023/05/15 09:16 | 2023/05/12 8:30 |
| CME | 6Z | 202307 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/07/17 09:16 | 2023/07/14 8:30 | 2023/07/17 09:16 | 2023/07/14 8:30 |
| CME | 6Z | 202308 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/08/14 09:16 | 2023/08/11 8:30 | 2023/08/14 09:16 | 2023/08/11 8:30 |
| CME | 6Z | 202310 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/10/16 09:16 | 2023/10/13 8:30 | 2023/10/16 09:16 | 2023/10/13 8:30 |
| CME | 6Z | 202311 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2023/11/13 09:16 | 2023/11/10 8:30 | 2023/11/13 09:16 | 2023/11/10 8:30 |
| CME | 6Z | 202401 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2024/01/12 09:16 | 2024/01/11 8:30 | 2024/01/12 09:16 | 2024/01/11 8:30 |
| CME | 6Z | 202402 | S AFRICAN RAND | No | 2 business days prior to cutoff | 2024/02/16 09:16 | 2024/02/15 8:30 | 2024/02/16 09:16 | 2024/02/15 8:30 |
| CME | ACD | 202306 | AD/CD cross rate | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | ACD | 202309 | AD/CD cross rate | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | ACD | 202312 | AD/CD cross rate | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | ACD | 202403 | AD/CD cross rate | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |
| CME | AJY | 202306 | AD/JY cross rate | Yes(1) | 2 business days prior to cutoff | 2023/06/16 09:16 | 2023/06/15 8:30 | 2023/06/16 09:16 | 2023/06/15 8:30 |
| CME | AJY | 202309 | AD/JY cross rate | Yes(1) | 2 business days prior to cutoff | 2023/09/18 09:16 | 2023/09/15 8:30 | 2023/09/18 09:16 | 2023/09/15 8:30 |
| CME | AJY | 202312 | AD/JY cross rate | Yes(1) | 2 business days prior to cutoff | 2023/12/18 09:16 | 2023/12/15 8:30 | 2023/12/18 09:16 | 2023/12/15 8:30 |
| CME | AJY | 202403 | AD/JY cross rate | Yes(1) | 2 business days prior to cutoff | 2024/03/18 09:16 | 2024/03/15 8:30 | 2024/03/18 09:16 | 2024/03/15 8:30 |