RE: [RT] E-mini Russell 2000, RealTraders Email List Archive

According to Russell/ICE, when the current licences expire they won’t be renewed. As for the CME, they’ll be delisting the Russell 2000 at the expiry of the Sept ’08 contact. From my point of view, it’s a mistake because I don’t think that the ICE platform is as stable as Globex and volume may never reach current levels. As for the CME, they probably made the right choice - $50 Million is a lot for something that, according to Tim Morge, is worth a lot less.

Andrew

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of RB
Sent: November 20, 2007 6:14 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] E-mini Russell 2000

Sorry.

I was talking about another email. Something about a mistake for dropping it,

and about they can do what they want.

It was my understanding that they had to drop it by a certain date, because ICE owns it. So it probably had little to do with what they wanted or didn't want.

But, I guess they didn't want it, because they didn't buy it. That may or may not have been a mistake.

----- Original Message -----

From: Andrew Nopper

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, November 20, 2007 8:09 AM

Subject: RE: [RT] E-mini Russell 2000

No, no mistake, I trade it on the CME each and every day. Yes, ICE has had its version for a few months now, but volume is around 700 contracts per day compared to the CME version which averages over 200,000 per day.

Andrew

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of RB
Sent: November 19, 2007 10:29 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] E-mini Russell 2000

You may be mistaken.

I believe ICE got it months ago.

----- Original Message -----

From: Mark Simms

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, November 19, 2007 8:49 PM

Subject: RE: [RT] E-mini Russell 2000

Huge mistake IMHO for the CME dropping this volatile derivative.

I don't quite "get it"...and told them so.

But alas, they are now a monopoly and can do what they want....and have CFTC approval.

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Andrew Nopper
Sent: Monday, November 19, 2007 1:37 PM
To: e-mini_traders_anon@xxxxxxxxxxxxxxx; RealTraders
Subject: [RT] E-mini Russell 2000

The CME will be delisting the ER2 contract at the expiry of the Sept '08
contract and ICE already has its version up and running. Volume, of course,
is pathetic with barely 1000 contracts traded in a day, but that should
change.

My only knowledge of ICE is from the frequent alerts from Interactive
Brokers that the ICE platform is down. I've seen no mention on these lists
of any concerns by traders of the move to ICE, whether the volume will be
the same as it is now, whether the CME will introduce a similar index and
what impact that will have, etc., etc.

Any thoughts anyone?

Andrew

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