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In a message dated 5/16/02 5:39:53 PM Central Daylight Time,
tradewynne@xxxxxxxxxxx writes:
<< When did that start? Hasn't it been the Thursday before
the 2nd Friday of the expiration month since at least 1987? >>
It is my understanding that the standard protocol for the S&P pit, and many
others is for the pit committee to determine rollover dates. The fact that
there has not been any extraordinary need to vary the date, does not diminish
the right of the pit committee to control this function. Thus, there is a
variable component to this that one should take into consideration, IMHO.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
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