Money

Rollover

The daily point at which open positions are rolled to the next value date.

Positions held through the broker's rollover time — commonly 5pm New York — are rolled forward, and the interest-rate differential between the two currencies is applied as a swap credit or debit.

Rollover reliably widens spreads for a few minutes as desks change books and liquidity thins. Wednesday rollover typically carries triple swap to account for the weekend value date.

Taught in these lessons

Sessions & liquidity — Charts & Execution

Related terms

Swap (rollover interest)The interest credit or debit applied for holding a position overnight.Money Carry tradeHolding a higher-yielding currency against a lower-yielding one to earn the rate differential.Market LiquidityHow easily an asset can be traded without moving its price.Market

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Rollover

Taught in these lessons