Discussion in 'Index Futures' started by luh3417, Feb 19, 2006.
On CNBC the CME rep stated that the initial margin was going to be about 2k on the contracts.
They start trading these today, May 22nd. So we'll soon see if they fall on their face as many are fond of predicting.
IB is not offering these yet: "At this time, upper management is considering whether to add this product to our system or not. Please keep posted to the web site for any changes in our product line.
I don't see any symbol for trading these yet. Says though "$250 times the S&P/Case-Shiller Metro Area Home Price Indices" so they'll be about $45 - $70,000 for each future.
Not sure what happens if there's a mismatch of people long/short the future. I guess with the options the price can compensate.
The contract listings are here:
At this writing, only Miami and L.A. have options, but all 10 city areas have futures.
Still no info under Time & Sales. It's been a month now.
Anyone know if these are selling, and a broker that handles them?
There are 10 cities plus the overall index. You can go to futuresource.com and set-up a custom quote board and/or a chart window to keep an eye on them. The volume and open interest numbers are "scary". Appointments to trade the contracts are usually available around 12-noon(CST) when the other pits are slow.
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