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From what I understand, ICE outbid the CME with the Russell Group for
the rights to trade the Russell 2000, rather than the CME just dropping
this derivative.
Mark Simms wrote:
>
>
> 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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