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Small Cap volume today - 20? Not 20k, 20. :-)
Have a look at the Midcap. IMO, it's a better TF market than Russell anyway.
And at least it runs 35-40k/day.
My money's on the ICE/Russell deal being the bonehead deal of the decade.
After all, pigs get slaughtered. Time will tell.
Chris
----- Original Message -----
From: "Mark Simms" <marksimms@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, June 12, 2008 10:43 PM
Subject: RE: Russell 2000 futures moving to ICE
Uh...no one on this list reads "Futures Magazine" ?
They just had a huge article on this very subject....June 2008
edition(Page
68 to be specific).
The ICE volume has been anemic-at-best so far.
They anticipate that it will ramp-up at the end of the year...and that the
ICE platform can "handle it".
However, the CME's S&P Small Cap 600 contract has a .9956 correlation in
price to the Russell 2000 contract....
And of course they, being a monopoly of sorts, have offered incentives and
waived exchange fees to trade this "replacement" contract.
Bottomline: if ICE "messes-up"...they're toast as far as the Russell
contract volume goes.
Traders will go back to the proven Globex platform and the Small Cap 600
contract.
-----Original Message-----
From: Michael Guess [mailto:mguess@xxxxxxxxxxxxx]
Sent: Thursday, June 12, 2008 6:37 PM
To: Timothy Morge; omega-list@xxxxxxxxxx
Subject: Re: Russell 2000 futures moving to ICE
So, for those of us who've developed systems for trading the
Russell, and learning its characteristics, we're now left out
in the cold? One would think that by acquiring a significant
product like the Russell, the ICE would want to ensure its
success by having the necessary infrastructure.
There's been almost no info out there regarding this,
excepting Tim's insightful opinions on this list. I wonder
why retail traders are being kept in the dark about this.
I've invested years of research and trading to learn the
Russell's personality. Starting over with one of the other
'minis' doesn't make me very happy, as they don't have the
characteristics I require. I'm disappointed.
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