CAC40 futures expiration months

F

fader

i am wondering if there is a specific reason why the front month on the CAC40 future is every calendar month rather than every quarter month, like dax,ftse, u.s. index futures etc. - does this have something to do with the financial / fiscal system in France... - i looked around but couldn't find an explanation, and the info on the euronext site is certainly very limited.
 
good point, thx Geo - this may be then related to how Euronext was set up to operate when it was launched, perhaps taking into account how its constituent exchanges had operated historically.
 
Historical reason : the CAC future has been traded every month since its inception. The current month is by far the most active one. Advantage : it is closer to the cash index, and when you rollover, the spread is not as large as if it were a three month spread.. Disadvantage : you must roll over every month.
 
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