Editing Futures contract (section)

===Codes===
Most futures contract codes are five characters. The first two characters identify the contract type, the third character identifies the month and the last two characters identify the year.

On [[CME Group]] markets, third (month) futures contract codes are:<ref>{{cite web|url=http://www.cmegroup.com/product-codes-listing/month-codes.html |title=Month Codes |publisher=CME Group |access-date=2015-11-09}}</ref> Contracts expire after the listing month. Therefore traders must roll over their positions into the next month code.
* January = F
* February = G
* March = H
* April = J
* May = K
* June = M
* July = N
* August = Q
* September = U
* October = V
* November = X
* December = Z
Example: CLX14 is a Crude Oil (CL), November (X) 2014 (14) contract.