E-mini Russell 2000 Futures
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E-mini Russell 2000 Futures
Does anyone know the reason that CME is delisting the E-mini Russell 2000 futures contract? The contract has been well received by the trading community, and liquidity is excellent, I am curious why they would like to close a good product, and if there is any replacement for this contract, besides the full Russell 2000 contract on ICE/NYBOT?
ICE approached the Frank Russell company, opened their checkbook, and asked "How much would it cost us to buy an EXCLUSIVE license to list futures contracts on your Russell 1000 (largecap), Russell 2000 (smallcap, i.e. "ER2"), and Russell 3000 (universe) stock indexes?"
Russell named a price. ICE wrote the check. End of story.
If you don't like it, write a letter to your congressman. Write a letter to ICE. Write a letter to the CME. Write a letter to the Frank Russell Company. Explain why this is a bad idea and why they should nullify the deal immediately. It only costs 42 cents to mail a letter, why not give it a try?
Russell named a price. ICE wrote the check. End of story.
If you don't like it, write a letter to your congressman. Write a letter to ICE. Write a letter to the CME. Write a letter to the Frank Russell Company. Explain why this is a bad idea and why they should nullify the deal immediately. It only costs 42 cents to mail a letter, why not give it a try?
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Thanks for the information. Seems the war among exchanges are gaining momentum.
"It only costs 42 cents to mail a letter, why not give it a try",
It does cost 42 cents to send a mail nowadays? I sent a few mails out using 1 37-cent stamp, and then 2 2-cent stamps, working out to be 41 cents, now I worry if those mails will reach their destinations.
No matter what, I won't send a mail becuase as a trade, although the risk is rather low (41 cents or 42 cents), the probablity of it working out is virtually zero, so I would be trading a system with negative expectancy had I decided to send a mail
Instead of complaining, I choose another alternative: I will just be focusing on the E-mini SP500 futures. As a trader, I will try to focus on what I can control
"It only costs 42 cents to mail a letter, why not give it a try",
It does cost 42 cents to send a mail nowadays? I sent a few mails out using 1 37-cent stamp, and then 2 2-cent stamps, working out to be 41 cents, now I worry if those mails will reach their destinations.
No matter what, I won't send a mail becuase as a trade, although the risk is rather low (41 cents or 42 cents), the probablity of it working out is virtually zero, so I would be trading a system with negative expectancy had I decided to send a mail
Instead of complaining, I choose another alternative: I will just be focusing on the E-mini SP500 futures. As a trader, I will try to focus on what I can control
You left out another alternative -- write a BIGGER check.sluggo wrote:ICE approached the Frank Russell company, opened their checkbook, and asked "How much would it cost us to buy an EXCLUSIVE license to list futures contracts on your Russell 1000 (largecap), Russell 2000 (smallcap, i.e. "ER2"), and Russell 3000 (universe) stock indexes?"
Russell named a price. ICE wrote the check. End of story.
If you don't like it, write a letter to your congressman. Write a letter to ICE. Write a letter to the CME. Write a letter to the Frank Russell Company. Explain why this is a bad idea and why they should nullify the deal immediately. It only costs 42 cents to mail a letter, why not give it a try?
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- Roundtable Fellow
- Posts: 97
- Joined: Thu Jan 10, 2008 3:28 pm
- Location: Southern California, USA
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- Roundtable Fellow
- Posts: 97
- Joined: Thu Jan 10, 2008 3:28 pm
- Location: Southern California, USA
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- Senior Member
- Posts: 26
- Joined: Fri Sep 10, 2010 9:54 am
Yes, CSI offers data on the new Russell 2000 emini futures contract. One way to find it uses the Google internet search engine; another way uses the Market Specs function within CSI Unfair Advantage, which calls up a Factsheet.
The contract itself is described on ICE's website: https://www.theice.com/productguide/Pro ... ?specId=86
The contract itself is described on ICE's website: https://www.theice.com/productguide/Pro ... ?specId=86
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