First Notice Day (FND) and Last Trading Day (LTD) are very important dates to know when trading any futures contract.
- First Notice Day is an important date to remember because it is the date in which a trader who is long a futures contract may be required by the exchange to take physical delivery of the commodity.
- Last Trading Day is important because it is the last day one is able to trade a futures contract before either accepting delivery of a commodity or being required to deliver that commodity.
There are several resources you may use to find the dates of FND and LTD. These resources include, but are not limited to, a futures calendar, the exchange website where the futures contract is traded, and the Daniels Trading website.
If a product is traded on the COMEX, CME, NYMEX, or CBOT exchange the specifications of that contract, including the FND and LTD, can be found on the CME Group website at www.CMEGroup.com. You may use this calendar to find relevant product dates and CME Group holiday hours, including FND and LTD. (Source: www.CMEGroup.com).
The expiration calendar for CME Group products can be found in “list view” in the link below:
- List View Expiration Calendar (see image below)
- First, select the commodity sector for which you wish to view the FND or LTD date.
- Second, select the product, month, and year
- Third, click Find.
For instructions on how to use this calendar in “Calendar View”, you can use the following instructions:
- For Calendar View, begin by clicking the “Select Products” button and searching by Clearing Code or Product Name. By default, all products are included. (See image below)
- You can also customize by Trading Events (Last Trade Date, Notice Date, etc.). By default, only Last Trade Date is listed.
- Please visit the Help screen (to the right) for a detailed walkthrough.
If a product is traded on the ICE exchange, the specifications of that contract including the FND and LTD, can be found at the ICE Exchange’s website at www.TheICE.com.
The trading calendar for the ICE Exchange products can be found at the following link: https://www.theice.com/marketdata/Calendar.shtml?calendars=Expiration
You may use this calendar to find relevant product dates and ICE Exchange holiday hours, including FND and LTD. For instructions on how to use this calendar to find FND, LTD and more, please use the following instructions:
- Select “Show Expiration Dates”
- Check FND and LTD
- Check the market(s) for which you would like to see the dates
- Click “Go”
To access the FND and LTD dates on the Daniels Trading website, you can visit the following link to view our Expiration Calendar: https://www.danielstrading.com/trading-resources/futures-and-options-expiration-guide-and-calendar/.
Please note that you must first register for a dt Member Profile to gain access to many of Daniels Trading’s valuable resources and wealth of information.
A third resource that is extremely valuable for looking up FND and LTD dates, in addition to other dates such as important reports or announcements, is our Futures Calendar. To gain access to our futures calendar I encourage you to contact me at 855.758.2743, and I will provide you with one.
Try Insider Market Advisory – for 30 Days
Insider Market Advisory – Trial - This premier futures trade advisory service is designed to provide you with the timely information your trading depends on. Each day, you'll get a concise snapshot, from both technical and fundamental perspectives, of all eight futures market sectors.
Blueprint for Professional Trading
This comprehensive guide is designed to help you master the fundamentals of commodity trading. Knowing the fundamentals is important if you expect to succeed. With over 40 pages of detailed information, the Blueprint for Professional Trading is designed to help you do just that.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
