AGN Futures

Frequently asked questions

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What is a Futures Contract?

Futures are contracts between a buyer and seller of a Commodity, Stock Index, or other underlying instrument. The contract obligates the buyer to take delivery of the Commodity, and obligates the seller to make delivery of the Commodity at a specified time in the future at the agreed upon price at the time the transaction is executed.

How do I avoid making/taking delivery?

To avoid taking delivery on a long futures contract you would need to sell the position in the futures market prior to first notice day. To avoid making delivery on a short futures contract you would need to purchase that contract in the futures market prior to expiration of that contract.

What are the Market Hours for Futures?

Futures trading is generally available from 5:00PM Sunday Evening to 4:00PM Friday Afternoon, all times Central. As an AGN client you will receive access to a 24-hour trade desk to assist you. See our Contract specifications page for detailed times.

How do I find Futures Month Symbols?

Month Codes for Futures Contracts are as follows:

Jan F   Feb G   Mar H   Apr J   May K   Jun M

Jul N   Aug Q   Sep U   Oct V   Nov X   Dec Z

Are there any minimums to open a Futures Account?

Yes. All new Futures Accounts must deposit a minimum of $5,000.00 to have their accounts activated for trading. You do not need to maintain that balance; it is just an initial deposit requirement.

How do I open an Account?

Just click on any “Open an Account” button and complete the online account application. Additional information will be required. Please contact support with any questions.

Can I trade Futures from my PDA/Phone?

Yes, but not all of the platforms we offer this capability. Please check with your broker for more information on which trading platforms offer this technology.

Can I receive my statements and trade confirmations electronically?

Yes. Futures accounts receive Daily Statements that show trade activity, balances, buying power, positions, and P&L from the previous day. These are delivered electronically as are Monthly Statements. You also have access to the Customer Portal which gives detailed trade reports and much more.