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Meal ticket for commodity traders ends

Posted on 05 December 2012

An old joke in the commodities world was that futures traders never took holidays between the fifth and ninth business days of each month. Why? Because that is when money tracking commodity indices sell expiring futures contracts and replace them with new ones. Front-running the so-called “index roll” became a monthly meal ticket for active traders.
“I loved doing that,” a multibillion dollar commodity fund manager recently told me. “Those were the good old days.”……………………………………….Full Article: Source


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VRS - who has written 44416 posts on Opalesque Commodities Briefing.


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