what's wrong with emini Friday close and today's change?

Discussion in 'Index Futures' started by Kicking, May 3, 2004.

  1. the numbers don't match on different quote provides
    what's up with that?

    NQ should be up 15 points (1399 Fri close) not 10
     
  2. Quah

    Quah

    EOM Settlement.
     
  3. EOM settlement? what is that?
     
  4. they must settle the future to the pit traded contract for all intents of accurate p&l for clearing houses
     
  5. Quah

    Quah

    The closing price and the actual settlement price are usually a few points different (by "fair value") because of the end-of-month settlement procedures - see this link for more info:

    http://www.cme.com/prd/eq/fairvaluefaq2544.html

    This happens at the end of every month. You've never noticed it before? :)