I doubt SMC this will get liquid for a few months yet. Cant get a quote from IB, dont suppose they will add it for a few weeks either. I have just read the contract spec, SMC is 10 dollars a tick like ER2 but it has only half the daily tick range, therefore you have to trade double the contracts compared to ER2, not much of an issue in this high vol market (as i cut my trading size in half anyway) but if things dry up we are looking at double commision and double slippage. I currently trade ER2 on Globex. If ICE screw up ER2. I will have the following options next year: Trade either YM,EMD or SMC on globex. I would prefer to trade EMD with its ER2 like ticks and range but it doesnt have the volume. Hopefully some of the ER2 volume will migrate to EMD. Otherwise its YM which has the same daily tick range as ER2 but only half the tick size, which means i will pay double commision to make the same profit. ER2 on ICE is a bit of an unknown, they plan to trade the Big ER contract electronically side by side with the current smaller electronic one (will this kill the smaller one?). Also i have no idea how stable the ICE matching engine is.