SPI Futures - volume in the last month of the quarter - Aussie Stock Forums

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  1. #1
    Pocket Calculator Operator tinhat's Avatar
    Join Date
    May 2009

    Default SPI Futures - volume in the last month of the quarter

    I've just read this document titled "ASX SPI 200 Futures" by the ASX

    www dot asx dot com dot au/products/pdf/asx_spi_200_futures.pdf

    I apologise for the combobulated URL but because I'm a n00b (2 posts) I'm not allowed to post links :p

    Refer to the chart on page two titled "ASX SPI 200 Futures Volume & Open InterestJan 2004 April 2010". Notice that the volume is significantly higher in the last month of the quarter. I'm curious as to why this might be.

    I'm not a trader. I'm just edgeucating myself at this stage.

  2. #2
    Can be found on the bid Trembling Hand's Avatar
    Join Date
    Jun 2007

    Default Re: SPI Futures - volume in the last month of the quarter.

    It happens in all futures contracts because the long term holders have to roll over to the next expiry. It is currently happening now in the June SPI. It expires on 17th so all long term holders have to instruct their broker to roll it into the September contract. As there was approximately 200,000 contracts to roll that shows up as traded volume over the last 2 - 3 weeks.
    Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? -Hunter S. Thompson

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