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According to sources on the trading floor of the CME, the CME Executive
Committee has approved lifting of the 30 contract order size limit for the
E-Mini Nasdaq as of Sunday, July 30th.
Currently E-mini Nasdaq orders in excess of 30 contracts may be entered as an
all or none order by open outcry. Traders may still use the open outcry all
or none alternative if they choose.
However, the lifting of the restriction will be the first unfettered direct
competition in Chicago between two active liquid futures markets. Should be
interesting.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
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