October Cotton

[TraDaToR]

Hello,

I know it is an illiquid serial month but I can't see why October should be at a premium to dec and jul...

Jul: 0.8456 Oct: 0.8596 Dec:0.8544

?

 

[nazzdack]

Quote from TraDaToR:
----illiquid serial month....
----why October should be at a premium to Dec and Jul...
----Jul: 0.8456
----Oct: 0.8596
----Dec:0.8544

1) A "stale quote" in October?
2) It should "iron out" on the close.

 

[TraDaToR]

No stale quote. Last trade today oct 1.29 over dec.

 

[nazzdack]

Quote from TraDaToR:
----stale quote.
----oct 1.29 over dec.

1) What volume are you showing in October compared to December?
2) Does cotton still have a trading pit or "ring"? Have your firm contact the floor to get a spread quote for July/October and October/December.

 

[TraDaToR]

Dec : 3250 lots traded today
Oct : 12 lots traded ( I thought it was still more than that even if nobody trades october )

I don't know if there is still a cotton futures pit but I doubt it. The quote I gave was electronic.