From the CME: CME launches on April 21, 2013 nine variance futures contracts: https://www.google.com/url?url=http...PBvUYbdNqvh4AOAqoCICQ&ved=0CFkQygQwBQ&cad=rja http://www.cmegroup.com/rulebook/fi..._variance_futures_on_currency_x3x_x2x_x2x.pdf What do you think about the specifications of these contracts?