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Can't imagine any serious marketing survey would have told
them to make such a small contract. But if they expect increased
revenues then they may be disappointed. If they had reached a better
balance, they'd generate the added revenues they seek. A case of having
leaped into a state of diminishing returns.
Same stupidity at the Mid-Am, where Soybeans and Silver
are split into 1/5 normal size. Even for the smallest speculators, why
bother.
Along the same lines, have always wanted a 1/2 coffee and
1/2 Nat Gas contract, maybe throw in Lumber and Cotton on such a
wish list too.
Bobh wrote:
> I have wanted a Mini (electronic) version of the DJ futures contract to
> trade for quite awhile. And on 9/30 the CBOT is introducing a Mini DJ
> contract.
>
> But in looking at the specs of this new contract it appears that the old
> saying of "be careful what you wish for you just might get it" may apply
> because this contract is only worth $2 a point or 1/5 the size of the normal
> DJ futures contract.
>
> Is it just me or does anyone else find this contract a bit on the small
> side, and more of an attempt by the CBOT to generate revenues instead of
> offering a viable contract?
>
> Bob
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