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Clarify confusion regarding futures trading months and number of back months


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Clarify confusion regarding futures trading months and number of back months

  #11 (permalink)
 aptare 
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Your answer is how I initially interpreted the rules.

I think my source of confusion was looking at historical contracts data offered by Quandl. For gold, there are only eight months per year available all the way back to 1975. The webpage says gold only trades on GHJKMQVZ months; January contracts don't exist.

Wikivest on the otherhand says gold trades every month of the year.

Not 100% sure (without actual accurate data) that there's a January month. Would some one knowledgable (who either trades gold or has accurate data) let me know if gold has a January contract? If so, Quandl has more missing data than I believed. (It could also be that I'm getting contract names and exchanges mixed up. Quandl's gold data has the ticker symbol GC and is labeled "CME gold futures". Historical data for individual gold contracts from COMEX exist but show up as a blank page, so I thought they must have been moved to the CME gold futures page.)

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  #12 (permalink)
 
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 rleplae 
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I am using IQ feed, I trade gold, there is no January contract on Comex
Attached is a full download of all gold related futures on Comex available on IQ feed.

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  #13 (permalink)
 Jolew 
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There is a contract for every month including January. Below is the daily chart for QGCF14 from IQFeed. Unless you are involved with spreads or delivery then you should only be trading G, J, M, Q and Z.

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  #14 (permalink)
 aptare 
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Thank you, Jolew! That cleared some things up and I learned something new about active trading months for the gold contract.

Does anyone know why active months for gold are determined by Globex activity between 13:29 and 13:30 EST (a period of one minute!) by the exchange?

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I believe that you are now talking about "settlement prices".
The following should explain how CME/COMEX settle the 'active' and 'non-active' months in Gold every day.
https://www.cmegroup.com/trading/metals/files/daily-settlement-procedure-gold-futures.pdf

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 aptare 
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SMCJB View Post
I believe that you are now talking about "settlement prices".
The following should explain how CME/COMEX settle the 'active' and 'non-active' months in Gold every day.
https://www.cmegroup.com/trading/metals/files/daily-settlement-procedure-gold-futures.pdf

Indeed you're correct. Thanks for that.

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Last Updated on September 2, 2014


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