Equity Index Roll Dates

CME Group Equity Index futures allow market participants to roll their futures positions from one quarterly futures contract month to the next at any time they choose. For example, participants can roll their futures positions from June to September at any time.

Equity products roll date is the Monday prior to the third Friday of the expiration month.*

After the roll date, it is customary to identify the second nearest expiration month as the “lead month” 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 “lead month” contract.

For these products, the roll date determines what contract month is listed for trading during the CME Globex session.

*Note that Nikkei225 and TOPIX futures contracts typically have a roll date of the Monday prior to the second Friday of the expiration month.