Overview
Some exchanges adjust spot month effective dates when public holidays affect the trading calendar. These adjustments are not currently reflected in the FundApps Position Limits (PL) service. This article explains which exchanges publish these changes, where to find the relevant documents, and what clients need to do until FundApps introduces automated support.
Why Spot Month Dates Can Change
Public holidays or non-trading days can cause exchanges to shift the date on which spot month position limits take effect. When this happens, the effective date may differ from the standard contract calendar.
At present, these exchange-specific changes are not incorporated into the FundApps Position Limits service.
Exchanges That Publish Spot Month Date Changes
While many exchanges do not formally publish holiday-related spot month adjustments, the following exchanges do:
CME Group
CME Group publishes notices that include updates to spot month effective dates. Relevant documents (or links to them) will be made available here when published.
CME Group notice (FEBRUARY 2026 spot month):
https://www.cmegroup.com/content/dam/cmegroup/notices/market-regulation/2025/12/msn12-11-25.pdfCME Group notice (MARCH 2026 spot month):
ICE Futures US
ICE Futures US publishes spot month reminders and compliance information in its exchange notices.
ICE Futures US spot month reminder (FEBRUARY 2026 spot month):
FIA Tech Databank Alerts
In addition to exchange notices, FIA Tech publishes this information through Databank Alerts.
We strongly encourage all Position Limits clients to subscribe to and review the FIA Tech Databank Alerts daily, as they may highlight holiday-related spot-month shifts across exchanges.
Planned Enhancement to the Position Limits Service
FundApps is planning development work to automatically reflect spot month date shifts for:
CME Group
ICE Futures US
This enhancement is planned for later this year, potentially as early as Q2 2026.
Until this work is delivered, clients remain responsible for monitoring and managing these date changes.
What Clients Need to Do Now
As a short-term measure, all Position Limits clients should:
Review the CME Group and ICE Futures US documents linked above.
Identify any held contracts affected by holiday-related spot month date shifts.
Ensure positions are below the applicable spot month limits on the dates specified in the exchange documentation.
FundApps will continue to post relevant exchange document links alongside this article when available. Please check this page regularly to ensure you have access to each month’s spot date changes as they become available.
Important Differences in Exchange Terminology
When reviewing exchange documentation, note the difference in how dates are described:
CME Group – “Effective Trade Date (Close of Trading)”
This is the point at which spot month position limits take effect.
ICE Futures US – “Compliance Date”
Positions must be compliant as of the close of business on the business day preceding each listed compliance date.
Understanding this distinction is important when assessing whether your positions are compliant on the correct day.