CME SP futures electronic soon ?

Discussion in 'Index Futures' started by saschabr, Jul 31, 2003.

  1. to my pleasure I read on CME's site that the CME has
    currently a program underway which should propel GLOBEX
    usage by old fashioned traders who trade exclusively open outcry.

    could it be that the CME soon wants to introduce big SP futures
    on globex (side-by-side trading). that would be great,
    as open outcry makes up less than 30% of total volume (SP + ES)
    this certainly would make sense.

    is there any information on this topic ?

  2. The big contract on globex? That would be awesome, particularly if we could trade it on IB for the same $4.80. Commish adds up with the ES.
  3. Pabst


    Here ya' brother. I've always thought that if the CME wanted to migrate the whole equity complex to the screen that they make the multiplier 100x. That way satisfy retail and institutions without having two separate contracts. Plus $100 a pt. per contract has a nice symmetry.
  4. Maybe any floor trader or CME insider can give some insight ?
  5. ktm


    I have specifically asked this very question (about the big futures options though) twice in the last week.

    TP from IB said that he believed that the CME would eventually offer the big SP futures electronically. The CME responded that there "were no plans underway at this time to take the 250s electronic".

    Of course, this is their standard answer to me who writes as John Q Public, so they could well be rolling the damn things out electronically next week. I would probably be better off asking here...which I did a few weeks back (over in options) but didn't get an answer.
  6. not directly of course. but they encourage their members to
    "incorporate electronic trading into their business structure"
    more and more ? isn't this an indication ? I would say so.
  7. I thought they are already on Globex??
  8. We talk about RTH here...
    #10     Aug 1, 2003