The ER2 is dead, long live TF (and may be TO). https://www.theice.com/publicdocs/nybot/NYBOT_Russsell_Agreement_FAQ.pdf It says that TO (the big contract $500 a point) will trade electronically side by side with TF (the $100 a point contract). This may kill the small contract and the Russell 2K futures as we know it. The big contract is not very scalable imho and may end daytrading in the ER2 for most day traders if it takes off.. Hopefully the big contract wont take off.
As I understand it the TF contract is the Russell 2k mini is we know it now, pls see point 9; "....The new mini-size contract (symbol TF) is $100 times the index, with a minimum tick of 0.10 index points, or $10 per contract." Also, it seems that exchange related fees per side are lower at $0.75 compared to the $1.16 CME charges (see point 11). And man ISVs have already been approved access, including TT for example. So wouldn't current daytraders just continue trading the Russell 2k mini on ICE? Or do I miss something here?
genius , it was a joke. mav knows i trade er2 and the options extensively. i was complimenting his ability to bring important news to us and also his succinctness(see dictionary). i am sure he understands.