70%46Â°36Â°Windy with a high of 46 Â°F (7.8 Â°C) and a 80% chance of precipitation. Winds NW at 18 to 27 mph (29.0 to 43.5 kph).Night - Partly cloudy. Winds variable at 11 to 25 mph (17.7 to 40.2 kph). The overnight low will be 37 Â°F (2.8 Â°C).
Unfortunately exchanging contracts doesnât mean you can now move all your things in. It is usually done 1 to 4 weeks before completion, although it is possible to arrange the exchange on completion day. As exchanging contracts is a legally binding commitment, you need to be absolutely certain you want to go ahead and also that you have everything in place beforehand.
However, the trading floor convention is to roll the expiring quarterly futures contract month eight calendar days before the contract expires*.This is known as the roll date. After the roll date, it is customary to identify the second nearest expiration month as the âlead monthâ for the equity index futures. This is because the nearest expiring contract will terminate soon and will have a less liquid market than the new âlead monthâ contract.