All Futures contracts trade continuously (except for system maintenance).
The Fixed Maturity contracts commence trading at 16:00 London time on the last Friday of the month*, they expire/mature at 16:00 London time on the last Friday of the month* and they settle around 90 seconds afterward based on the reference rate computed from our indices.
The Perpetual Contracts have already been launched and trading and have funding rate and auto-rolling applied every four hours from 12 UTC onward every day.
|Perpetual Contracts||Monthly Contracts||Quarterly Contracts|
|Trading Hours||Continuously from 00:00 to 24:00 UTC on every day of the year, except for system maintenance|
|First Trading Day||N/A||The last Friday* of the calendar month excluding the case where there already exists a Quarter contract expiring in the following month.||The last Friday* of the calendar month where there already exists a contract in the following month.|
|First Trading Time||N/A||At 16:00 London time on the First Trading Day|
|Last Trading Day/ Final Settlement Day||N/A||Last Friday* of the month||Last Friday* of a month in the March quarterly cycle (March, June, September, December)|
|Last Trading Time||N/A||At 16:00 London time on the Last Trading Day|
|Settlement Time||Auto-rolling Funding Application every Four Hours at 12:00 UTC||Within 90 seconds after the Last Trading Time|
|Settlement/Funding Rate-setting Price||
* If a Friday is not a business day in both the UK and the US, then the preceding day that is a business day in both the UK and the US.
In other words: the Friday must be a business day in both the UK and the US for settlement to occur, otherwise it happens on day before that is business day in both UK and US.