Tier 2 · Essentials · Indices & Futures
Futures mechanics
Contracts, expiry, rollover, fair value, and index CFDs.
- 1Futures contracts: expiry and rolloverHow index futures work — contract size, tick value, margin, daily settlement, expiry months, and rolling from one contract to the next — with E-mini and Micro E-mini examples.
- 2Contango, backwardation, and index CFDsWhy futures trade above or below the cash index (fair value and cost of carry), what contango and backwardation mean, and how cash and futures-based index CFDs handle financing, dividends, and expiry.
