Final question for today, I think we'll take this as the final one.

This is from Robert.

And let's see here, Robert asks, do you typically invests in the front contract when you receive a new trend signal or are you using proprietary techniques

to determine which dated contract to invest in if the latter how much do you estimate this adds

to your overall performance um i think um that that's an easy question for all of us to answer.

So I'll kick it over to you, Moritz, to begin with.

Yeah, I think we had that before.

It's in general, it's the front month contract with the exception of some of the short-term interest rate futures like, you know, your ribor or Eurodollar where you trade at a different part of the futures

curve to get more volatility essentially from their market.

But all the other markets, they are their front month.

Yeah.

Same on your side, Jerry.

Yeah, sure.

I think front month is good.

And there has been times over the years

where maybe I stayed a little longer in the front month or got out of the front month quicker

because I was trend following the spread. And there's been some commodity moves where there was

shortages and the front month was much stronger. So I tried to hold on, hold on as long as I

could. And that's another way of maybe getting a little bit of extra profit to trend follow the,

you know, the spread, actually. Yeah, that's a good point. And I would just finally add Robert to this,

that on our side, I would say the only market where we do look a little bit further out is when we talk about the VIX and the volatility space, where we have, you know, and it's not really a trend following model.

So, but I just want to mention that because you may have heard that come up.

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