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Quantitative Finance · Glosarium

Apa itu Expiry month code and front month?

Dikenal juga sebagai: expiry month code · front month

Definition 18.3 Markets I: The Ecosystem and Exchange-Traded Markets · Bab 18 — Futures Contracts and Their Exchanges

A futures symbol is a product root followed by an expiry month code, one letter for the month (F, G, H, J, K, M, N, Q, U, V, X, Z for January to December), and the last digit of the year. The front month is the nearest listed expiry, usually the most traded.

Reading a futures symbol. The shaded codes, H, M, U and Z, are the quarterly cycle on which equity-index and bond futures are listed; energy contracts list every month.
Figure 18.1. Reading a futures symbol. The shaded codes, H, M, U and Z, are the quarterly cycle on which equity-index and bond futures are listed; energy contracts list every month.
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