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--> Pelletier AND perpetual <--
since Bob Pelletier (president of CSI) invented
perpetual contracts, trademarked their name,
and often writes lovingly about them.
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Reviewing Market Opportunities with Perpetual Contract Data
The year 2000 will mark the 30th anniversary of CSI's most
enduring and successful product, Perpetual Contract data.
Even today, nearly three decades after its development for
professional market analysis, it is still a controversial
tool in the trader's arsenal. We have recently increased the
flexibility of Perpetual Contract data formulation through
the Unfair AdvantageŽ platform, which seems to have further
fueled the debate about the pros and cons of blending away
the gap between old and new contracts. Here's why I love
Perpetual Contract data - the tool that some traders love
to hate.
What's in a name?
The term "Perpetual Contract" is a registered service mark
of CSI, so it is protected from use by other firms by
international law. The term derives its distinctiveness,
in part, from its oxymoronic use of the word "perpetual,"
meaning unending, in conjunction with "contract," referring
to the time-sensitive and finite arrangement between buyers
and sellers. No other firm has the legal right to market a
futures-related product called a "Perpetual Contract," or
"perpetual data", or "perpetual futures contract," or use
the term "perpetual" with respect to data products in the
futures industry, etc. because of CSI's development of the
mark and the concept behind it.
What is it?
Perpetual Contract data represents a time-weighted average
of the prices of the two active contracts whose expiration
dates lie earlier and later than a fixed number of days ahead
of the current date. This computed contract provides an accurate
view of the market's characteristic price-pattern waveform over
time. ... ... ... ...
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