Hi all,
Historically, I've mainly traded equity futures but I've recently decided to look at a few other markets.
I spotted something a bit odd with Gold Futures (GC) and wondered if anybody can explain.
So the contracts expire monthly - F, G, H, J, K, M, N, Q, U, V, Z
I had a look at the volumes for 2020 and every other month, volume completely drops away.
To demonstrate, here is each month for 2020, showing the highest volume on any one day for that contract:
Januray (F) - 4,335
February (G) - 814,406
March (H)- 4,079
April (J) - 745,843
May (K) - 3,075
June (M) - 313,174
July (N) - 3,438
August (Q) - 434,445
September (U) - 6,160
October (V) - 31,825
November (X) - 1,900
December (Z) - 565,001
It seems that G, J, M, Q, V and Z are heavily traded
And F, H, K, N, U and X are barely touched (relatively, to their previous month)
I'm curious. Is there a reason for this (maybe historically or otherwise?)
Is there something I'm missing?
Cheers,
Big_P
Historically, I've mainly traded equity futures but I've recently decided to look at a few other markets.
I spotted something a bit odd with Gold Futures (GC) and wondered if anybody can explain.
So the contracts expire monthly - F, G, H, J, K, M, N, Q, U, V, Z
I had a look at the volumes for 2020 and every other month, volume completely drops away.
To demonstrate, here is each month for 2020, showing the highest volume on any one day for that contract:
Januray (F) - 4,335
February (G) - 814,406
March (H)- 4,079
April (J) - 745,843
May (K) - 3,075
June (M) - 313,174
July (N) - 3,438
August (Q) - 434,445
September (U) - 6,160
October (V) - 31,825
November (X) - 1,900
December (Z) - 565,001
It seems that G, J, M, Q, V and Z are heavily traded
And F, H, K, N, U and X are barely touched (relatively, to their previous month)
I'm curious. Is there a reason for this (maybe historically or otherwise?)
Is there something I'm missing?
Cheers,
Big_P