A type of futures order enabling purchase of a predefined number of futures contracts in four consecutive delivery months.
Futures packs are differentiated by using colors to identify each group of contracts. A pack order is divided into white, red, green, blue and gold. A white pack starts with the soonest delivery month and covers the first four quarterly months in the first year. A red pack starts with the fifth quarterly delivery month and covers all quarterly months in year two and so on for the rest of the colors.
Investment dictionary. Academic. 2012.
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