Continuous Contracts
The three different continuous contracts are; Nearest Future, Most Active Backward Adjusted and Most Active Non-adjusted.
"The Nearest Future " is a data series that rolls over to the next nearest delivery contract on the day after the last trading day.
" The Most Active Backward Adjusted " is a data series that rolls over to the delivery contract with the highest "Open Interest". All the data prior to the most recent roll over is adjusted either up or down depending on whether the most active contract is trading at a premium or discount to the previous contract. This method of adjusting eliminates price gaps that may occur between contracts.
" The Most Active Non- adjusted " is a data series similar to the Most Active Back Adjusted. The roll over is at the same time and also based on the most active "Open Interest". Data prior to the most recent roll over is not adjusted and therefore all the data back to the first record in the time series represents real values.
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