Wall Street faces a quarterly so-called “triple magic day”. Derivatives contracts relating to stocks, index options, and futures will expire at the same time, forcing traders to extend existing positions or establish new ones on a large scale. Citi estimates that $7.1 trillion in nominal open positions will expire this time.

Wall Street faces a quarterly so-called “triple magic day”. Derivatives contracts relating to stocks, index options, and futures will expire at the same time, forcing traders to extend existing positions or establish new ones on a large scale. Citi estimates that $7.1 trillion in nominal open positions will expire this time.