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What happens when an equity index CFD contract expires?

CFD contract equity happens index
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What happens when an equity index CFD contract expires?

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Upon expiry, all trades and orders for the expiring equity index CFD will be closed. FOREX.com equity index CFDs expire at 16:15 New York time on the 2nd Wednesday of the expiry month. When trading resumes post-expiry, the FOREX.com price will then be based on the next-nearest expiring futures contract price.

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