Top Customer Questions
How do I place a futures trade?
Depending on the type of futures you trade, TradeStation provides two different methods of placing futures trades:
- If you trade only electronic futures markets, TradeStation provides integrated, direct-access order execution from the Order Bar within the TradeStation platform. More detailed information on electronic futures trading (electronic symbols only) in TradeStation is provided below.
- If you trade futures options (or futures options and electronic futures), TradeStation enables you to place trades through the TradeStation Futures+ platform. To trade both futures options and electronic futures, you must open and fund a second futures account. More detailed information on non-electronic futures trading (futures options or electronic symbols) using the TradeStation Futures+ platform is provided below.
You can also place a trade by calling our Futures Trade Desk at 800.837.8951 or 954.652.7930. Orders placed by phone will be charged an additional $50 per trade.
What are the futures trading hours?
What is futures day trading?
This refers to establishing a position at 25% of the initial margin requirement and liquidating the same position or positions within the same trading day.
What are the futures day trading hours?
From 8 a.m. to 4:15 p.m. Eastern Time (ET), Monday through Friday, for U.S. markets.
Which commodities does TradeStation offer for day trading?
ES, NQ, YM, TF, EMD, FDAX, FESX, FGBL, FGBX, and FSTU.
How does a futures trader utilize the day-trade rate?
Rules are posted at the Futures Margin Rates page of the website. Other restrictions may apply. You must contact the Futures Trade Desk to have the day-trade rate enabled on your account(s).
Can a futures trader contact the Trade Desk 24 hours a day?
Yes, from 4:45 p.m. Sunday to 6:00 p.m. Friday ET.
What are the symbols for futures contracts?
The symbology for an individual futures contract is the root (which may be one or more characters), followed by the month code, a two-digit year code, a decimal and the alias extension (optional).
[Symbol root][Month Code][Year Code].[Alias]
For example, futures contracts for the S&P 500 June 2014 Pit are displayed as SPM14.P. See the Alias Extensions section below for an explanation of the .P extension.
Continuous Futures Contracts
Continuous futures data is necessary for the back-testing of futures markets due to the limited life span of this type of market. This data is linked at rollover points and is adjusted to ensure continuity.
The symbology for a continuous futures contract is an ampersand (@) followed by the symbol root, a decimal and the alias extension (optional).
For example, continuous futures contracts for the S&P 500 Electronic are displayed as @SP. For more information on continuous contracts, click on Help – TradeStation Platform Help in the TradeStation platform. Under the Index tab, enter continuous and click on Continuous Contracts.
Extensions are optional; if you don’t add an extension after a futures symbol, the data for the electronic-only futures will be displayed.
The following extensions are used to indicate the type of trading activity:
.C = Composite (includes data from both electronic and pit activity)
.D = Electronic day only
.P = Pit only
Note: The .D extension is available only for symbols that trade 24 hours a day electronically, such as the E-Mini S&P 500, which starts trading at 5 p.m. Central Time and continues until 4:15 p.m. on the following day. For example, to view only the day session for the E-Mini S&P 500 March 2014 Electronic, append .D to the symbol, so it would become ESH14.D.
How do I cancel an order?
Unexecuted orders will automatically cancel (expire) when the duration of the order ends. For example, if you send the order with a duration of 3 minutes, it will automatically cancel if it is not executed within 3 minutes. If you send the order as a day order, it will be canceled at the end of the core trading session (usually 5 p.m. ET) if it is not executed prior to such time. Unless another order duration is designated, all orders will be day orders. You may also cancel an order manually before the duration you set by either clicking the “Cancel” button in the Order Bar or by right-clicking on the order in the TradeManager and selecting to cancel the order. Other features are also available to let you cancel all open orders for a particular symbol or all open orders for all symbols.