Anyone else find these house price index futures intriguing? http://www.cme.com/trading/prd/env/housingover16250.html Supposed to come out in 2Q06; they say April. Introductory Term Sheet at http://www.cme.com/files/CmeCsiHousingIntroTermSheet.pdf I'm a little new to futures; have an account at IB where I use the ES mini to hedge the rest of my stocks. I'd use this to hedge my house, which is in a market that seems to correlate pretty well with one of their sample areas. Why are the trading hours Sunday- Thursday 5PM - 2PM? How can I trade that on IB when TWS seems to be down a lot during those hours. How often will they recaculate the index? All their indices still seem to be rising... bubble still inflating... How do futures markets deal with an imbalance in buyers/sellers? Is there a future out there that would be a good comparable analogy to this new one? What's the best book on futures (not so much on options or on commodities)? What kind of margin requirements will this have? I suppose we'll find out when they bring it to market?