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Old Sep 11th, 2007, 05:20 PM   #1
monee
 
 
Join Date: Jul 2001
Posts: 434
Does anyone have a link with info about the E-mini Russell 2000
leaving the CME (dates ect.) and going to ICE?

Checked the CME site and couldn't find a date.

Thanks
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Old Sep 11th, 2007, 05:35 PM   #2
rwk
 
 
Join Date: Dec 2003
Posts: 1,087
Quote:
Quote from monee:
Does anyone have a link with info about the E-mini Russell 2000
leaving the CME (dates ect.) and going to ICE?
http://www.cme.com/trading/prd/equity/russell2000.html
Trading on ICE has already started.
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Old Sep 11th, 2007, 06:40 PM   #3
monee
 
 
Join Date: Jul 2001
Posts: 434
Thanks

So you can still trade E-mini Russell 2000 on the CME till the last trade date for the September 2008 contract).
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Old Sep 11th, 2007, 07:15 PM   #4
RoughTrader
 
 
Join Date: May 2006
Posts: 625
Quote:
Quote from rwk:

http://www.cme.com/trading/prd/equity/russell2000.html
Trading on ICE has already started.
For those of us with Interactive Brokers, a search for "ER2" contract shows listing only on GLOBEX. Is the russell contract traded on ICE accessible for IB customers?

The real issue here is volume. For myself, the transition point is when regular session trade volume on the ICE contract exceeds that of the contract on GLOBEX. Until then, I'd rather continue trading on GLOBEX. In any case, continued observation of BOTH contracts is pretty important.

The ideal situation would be one where the majority of volume swiftly transfers from GLOBEX to ICE. If the volume trickles out, it could get messy for ER2 players.

RoughTrader
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Old Sep 11th, 2007, 07:30 PM   #5
rwk
 
 
Join Date: Dec 2003
Posts: 1,087
Quote:
Quote from RoughTrader:
For those of us with Interactive Brokers, a search for "ER2" contract shows listing only on GLOBEX. Is the russell contract traded on ICE accessible for IB customers?
The contract is trading at both exchanges. To get the emini on TWS, type 'RUT'. When presented with a list of choices, select 'TF' ('TO' is the full-size contract). IB will be trading both eminis thru 9/2008.

During market hours, the TF is usually bid one tic lower and offered one tic higher than ER2. Occasionally the bids or offers will be the same, but I have never seen the TF show better than ER2. There is obviously no arbitrage opportunity. Most of the volume is still in ER2.

[rwk]
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Old Sep 11th, 2007, 07:32 PM   #6
TradEStar
 
 
Join Date: Mar 2004
Posts: 819
From the guy at the CME who developed the ER2, there will probably be some new products that will come into prominence going forward...so you may not have to chase the Russell onto the ICE.
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