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In a message dated 6/10/99 11:04:26 AM Pacific Daylight Time,
tmorge@xxxxxxxxxxxxxxx writes:
<< Jim wrote:
>
> Why would anyone want to construct a perpetual contract? The real
> world isn't like nor is there anything like a perpetual contract
> (except, of course, a chart, of say, the S&P cash or the Dow 30).
> >>
Tim,
My interpretation of Jim's question was that it relates to understanding the
difference between Perpetual contracts and Continuos contracts. Your
response, which was a good one, would apply to either.
If it was not Jim's question, I will make it mine. What is the advantage of
using perpetual contracts (linking contracts on an annual basis) instead of
the more obvious continuous format using nearest contracts?
Chuck
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