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Competition. Maybe. I rather think that there is plenty of room for
both and if the CBOT drops their ridiculous exchange fees the DJ
futures they can join in too. I believe US futures traders are hungry for liquid
domestic contracts to trade. We lost the currencies to the Europeans
and the Ags and interest rate contracts have become as exiting as lumber
or eggs. And New York fills are as lousy as ever.
Bring 'em on!
dbs
I4Lothian@xxxxxxx wrote:
> 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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