What happened with the ER2 yesterday?

C

chanelops

If I look at a chart of ER2 trading for yesterday, it looks like the March 08 contract was trading in a down slope for the last hour of the session, and should have closed around the 766 area. Yet the reported close was around 772, which is quite a difference.

What am I missing here?
 
I didn't think there was an after-hours yesterday, was there? (maybe that's what I'm missing!)

Or are you talking about the 4:00 to 4:15 pm period?

Anyhow, 772 was what was reported by both my broker (OX) and data source (Pinnacle). But 767 sounds more like it to me.
 
On the last trading day of each quarter (in fact it might be each month) the CME settles Index futures at fair value to cash, irregardless of what price those contracts traded after 3:00pm Chicago.
 
Quote from Pa(b)st Prime:

On the last trading day of each quarter (in fact it might be each month) the CME settles Index futures at fair value to cash, irregardless of what price those contracts traded after 3:00pm Chicago.
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Hmm... that's interesting, I didn't know that. I think I will check into that a little more. Thanks.
 
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