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Yep.
ICE has owned the licensing rights to the
russell indexes since June and the CME contract runs untill Sept.
2008. So the CME can't list any of them after sept. 2008. They don't own
the liscens any more.
Russell wanted to move and probably would
have moved to ICE, no matter what CME did or offered.
I believe ICE can be the future. But
they better get to work.
----- Original Message -----
Sent: Tuesday, November 20, 2007 7:12
PM
Subject: RE: [RT] E-mini Russell
2000
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@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of
RB
Sent: November 20, 2007 6:14 PM
To:
realtraders@yahoogroups.com
Subject: Re: [RT] E-mini
Russell 2000
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
-----
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@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of
RB
Sent: November 19, 2007 10:29 PM
To:
realtraders@yahoogroups.com
Subject: Re: [RT] E-mini
Russell 2000
I believe ICE got it months
ago.
----- Original Message
-----
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@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of
Andrew Nopper
Sent: Monday, November 19, 2007 1:37
PM
To: e-mini_traders_anon@xxxxxxxxxxx.com;
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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