|
PureBytes Links
Trading Reference Links
|
I'm not implying they are dumb, nor am I saying they
don't have a plan.
*I* am not yet willing to endorse the S&P600. I hope
it is hell on wheels and has huge volume. But I need
to see a little something before I start hip hopping
around on it, even if I am a CME guy through and
through.
If it turns out to be a dud, they have contingencies.
Look at their net revenue increase quarter over
quarter...they're pretty good at this exchange
thing...
Have a great holiday.
Tim
--- Mark Simms <marksimms@xxxxxxxxxxx> wrote:
> Interesting discussion and thanks for the input Tim.
> Still, it is a bit strange that while adding
> electronic contracts could be
> costly,
> dropping one could only be beneficial if it replaced
> with another one.
> Again, I really think they want the S&P 600 Small
> Cap to be a replacement /
> competitor to the Russell.
> Certainly there is going to be immediate lost
> revenue from dropping the ER
> contract.
> So, without a replacement contract, it would appear
> to be a dumb move.
> I don't think these CME guys are dumb.
>
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of Timothy Morge
> Sent: Tuesday, November 20, 2007 11:28 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] E-mini Russell 2000
>
>
>
> No, the CME license states specifically that as long
> as continue to list new open interest, they keep the
> rights to list future expiration dates.
>
> THEY choose when to walk away. If they are
> delisting,
> it is because they choose to. I know this first
> hand,
> from the contract and the negotiations.
>
> But I think they are not satisfied with the russell
> anyway. But ICE is not going to be the answer. They
> are very far behind in terms of clearing and
> execution
> technology. They have no ability to handle any
> volume.
>
> Tim
> --- RB <rhodes@xxxxxxxxxxx
> <mailto:rhodes%40coastalnet.com> com> wrote:
>
> > 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 -----
> > From: Andrew Nopper
> > To: realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > 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@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > [mailto:realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com] On Behalf Of RB
> > Sent: November 20, 2007 6:14 PM
> > To: realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > 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@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> >
> > 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@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > [mailto:realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com] On Behalf Of RB
> > Sent: November 19, 2007 10:29 PM
> > To: realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > 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@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> >
> > 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@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com
> > [mailto:realtraders@
> <mailto:realtraders%40yahoogroups.com>
> yahoogroups.com] On Behalf Of
> > Andrew Nopper
> > Sent: Monday, November 19, 2007 1:37 PM
> > To: e-mini_traders_
> <mailto:e-mini_traders_anon%40yahoogroups.com>
> anon@xxxxxxxxxxxxxxx;
> > RealTraders
>
=== message truncated ===
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/realtraders/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:realtraders-digest@xxxxxxxxxxxxxxx
mailto:realtraders-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|